China Exports to Vietnam Rise to Record as Supply Chains Shift

Vietnam overtook Japan as China’s third-largest export destination for the first time, as US tariffs force companies to find new suppliers to avoid levies while continuing to rely on Chinese manufacturers for components.

China’s exports to Vietnam in 2024 rose almost 18% to a record $162 billion, according to data released by China’s customs administration on Monday. That surpassed the $152 billion in shipments to Japan, previously the third-largest market for Chinese exporters.

The jump was driven mostly by a surge in exports of parts to the Southeast Asian nation, where they are assembled and then exported to ...