Vietnam-China trade hit a record high of nearly $100 billion in 2022, as demand for Vietnamese farm produce like macadamia and bananas surged and established supply chains reasserted themselves in the post-pandemic world.
[1] Despite political tensions between the two countries, businesses have continued to prioritize economic activity and seek cost-effective solutions, with China remaining a crucial trade partner for many countries.[2]
Citations:
[1] https://e.vnexpress.net/news/economy/macadamia-banana-exports-surge-as-demand-for-vietnamese-farm-produce-rises-4427617.html
[2] https://www.bnnbloomberg.ca/canada-china-trade-breaks-record-as-imports-hit-100b-1.1888782
[3] https://www.china-briefing.com/news/us-china-relations-in-the-biden-era-a-timeline/
[4] https://www.opec.org/opec_web/static_files_project/media/downloads/publications/MOMR_June_2011.pdf
[5] https://fieo.org/view_section.php?id=0%2C808%2C818%2C844&lang=0