Trade Exchange between Vietnam and Canada in the First Eight Months of 2024

Thứ Ba, 15/10/2024

Xuất khẩu 8 tháng đầu năm 2024 của Việt Nam sang Canada đã tăng trưởng trở lại, đạt 4,2 tỷ USD, tăng 11.8% so với cùng kỳ năm 2023. Xuất khẩu trong một số lĩnh vực ngành hàng vẫn ghi nhận xu hướng giảm, bao gồm điện thoại, phương tiện vận tải, túi xách. Trong khi nhiều mặt hàng khác đã ghi nhận mức tăng trưởng 2 chữ số như máy móc, sắt thép, đồ nội thất, thuỷ tinh… Mức tăng này tuy vậy, vẫn chưa đủ để các mặt hàng xuất khẩu chủ yếu của Việt Nam vào thị trường đạt được giá trị xuất khẩu trung bình giai đoạn 2022. Đáng lưu ý, theo số liệu 7 tháng của Canada, các sản phẩm nông sản, thực phẩm chế biến của Việt Nam cũng có sự phục hồi lại khá tốt: thuỷ sản (30.7%), trái cây (13.5%), chè cà phê (5.6%), thuỷ sản chế biến (5.0%), rau củ chế biến (31.3%). Các mặt hàng khác như nhựa (44.7%), cao su (47.7%) , tàu thuyền (20.5%), nhôm (11.2%), đồng (76.9%), vật liệu xây dựng (53.4%) tiếp tục có mức tăng trưởng tích cực.

Notably, according to Canadian statistics for the first seven months, Vietnam's agricultural and processed food products showed significant recovery, including seafood (30.7%), fruits (13.5%), tea and coffee (5.6%), processed seafood (5.0%), and processed vegetables (31.3%). Other goods, such as plastics (44.7%), rubber (47.7%), ships (20.5%), aluminum (11.2%), copper (76.9%), and construction materials (53.4%), continued to exhibit positive growth rates.

Canada's exports to Vietnam saw the strongest growth in the meat sector (50.4%), making it the most important export product from Canada to Vietnam. Vietnam significantly increased imports of other items from Canada, notably animal feed (168%), steel (177%), plastics (75.6%), and pharmaceuticals (74%), elevating these products into the top 10 key exports from Canada to Vietnam. Currently, fertilizers, soybeans, and wheat remain Canada’s primary exports to Vietnam, accounting for one-third of the total export value. Additionally, Vietnam has been increasing demand for various Canadian industrial products such as pharmaceuticals, electronic goods, machinery, chemicals, plastics, rubber, and steel scrap.

In recent times, Vietnam's Ministry of Industry and Trade has been closely collaborating with Canadian partners, including Global Affairs Canada, the Canadian Embassy in Vietnam, the Canada-ASEAN Business Council (CABC), and the Canadian Chamber of Commerce in Vietnam. These efforts have involved organizing delegation exchanges, conferences, seminars, business matchmaking events, and dissemination of information on policies and the CPTPP agreement, as well as market introductions through both in-person and online formats. These initiatives aim to strengthen and promote economic and trade cooperation between the two countries.

Vietnam is currently Canada’s 7th largest import partner globally and the top partner within ASEAN, accounting for 43.6% of Canada’s total import turnover from the region. Notably, in November 2022, Canada unveiled its Indo-Pacific Strategy, positioning Vietnam as a key priority.

In March 2024, Mary Ng, Canada’s Minister of International Trade, Export Promotion, Small Business, and Economic Development, led Canada’s largest-ever trade delegation to Vietnam from March 27 to 29, 2024. This was Canada’s most extensive trade mission aimed at fostering partnerships and expanding trade and investment markets, with nearly 250 participants from approximately 200 companies. These businesses represented various sectors, including agri-food, clean technology and energy, healthcare, and information technology.

This significant delegation reflects the Canadian government and businesses’ growing interest in strengthening economic, trade, and investment cooperation with Vietnam in the coming period.

Source: American-European Market Department

 

 

 

 

 

 

 

 

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