Sunday, December 15,2019 - 4:43 GMT+7  Việt Nam EngLish 

Exports of phones and components accounted for 20% of total export turnover 

 Friday, November 15,2019

AsemconnectVietnam - According to the statistics figures from the General Department of Customs, the export turnover of telephones and components reached 38.8 billion USD, accounting for 19.94 per cent of the country's total export turnover in the first 9 months of 2019.

Specifically, from the beginning of the year to the end of September 2019, the export turnover of phones of all types and components reached 38.8 billion USD, up by 5.7 per cent over the same period in 2018, although in September of 2019 the exports of this item decreased slightly by 8.1 per cent compared to August of 2019 to 5.4 billion USD.
Thus, the exports of phones and components contributed 19.94 per cent to the country's export turnover, and became the item with the highest turnover in the first 9 months of this year.
Vietnam's phones and components were mainly exported to the EU market, which accounted for 24.08 per cent of the proportion, but compared to the same period this time, the turnover decreased slightly by 6.58 per cent to 9.34 billion USD. In September of 2019 alone, the exports of phones and components to the EU market fell by 8.52 per cent compared to August of 2019 and by 15.89 per cent compared to September of 2018 to 1.04 billion USD.

The trade conflict between United States and China - the two largest economic powers in the world, caused significant impacts on global trade flows and Vietnam was no exception.
According to the data from the General Department of Customs, the country’s exports of goods to the US market in the first 9 months of 2019 reached over 7 billion USD, up by 68.88 per cent over the same period last year. In September of 2019 alone, the exports of goods to the US reached 854.03 million USD, down by 33.42 per cent compared to August of 2019 but up by 37.94 per cent compared to September of 2018.

The exports of goods to China reached 4.66 billion USD, down by 19.23 per cent compared to the same period of 2018. Particularly in September of 2019, the country’s exports of goods to the U.S reached 1.5 billion USD, up by 39.33 per cent compared to August of 2019 but down by 6.2 per cent compared to September of 2018.
In addition to the above mentioned main markets, Vietnam also exported to other markets such as UAE, South Korea, Thailand, Germany, UK, etc.
In general, in the first 9 months of 2019, the exports of phones of all kinds and components to markets declined, the number of these markets accounted for 69.56 per cent, of which the exports to Cambodia fell by 98.87 per cent compared to the same period of 2018, to 205,000 USD; the exports to Hong Kong (China) fell sharply by 42.77 per cent to 848.39 million USD. Particularly in September of 2019, the country’s exports to Hongkong (China) decreased by 14.57 per cent compared to August of 2019 and by 28.31 per cent compared to September of 2018 to 118.25 million USD.

In the opposite direction, the markets that saw growth in export turnover accounted for only 30.43 per cent; of which the exports to Mexico market increased significantly, although only reached 393.35 million USD but increased by 5.5 times (corresponding to 449, 57 per cent) compared to the first 9 months of 2018. Particularly, in September of 2019, the country’s exports to Mexico reached 70.41 million USD, down by 22.01 per cent compared to August of 2019 but up by 7.7 times (corresponding to 667.64 per cent) compared to September of 2018.
Vietnam’s exports of phones and accessories in the first 9 months of 2019 – source: the General Department of Customs
Market
September of 2019 (USD)
+/- vs. August of 2019 (%)
First 9 months of 2019 (USD)
+/- vs. same period of 2018 (%)
The U.S
854,035,290
-33.42
7,016,947,629
68.88
China
1,502,194,648
39.33
4,665,755,523
-19.23
South Korea
602,838,554
5.65
3,987,735,998
19.35
The U.A.E
227,665,288
-23.08
3,049,593,346
-2.7
Austria
227,239,161
-9.7
2,081,675,001
-23.74
Britain
174,496,629
-1.5
1,476,729,601
-10.55
Germany
171,924,608
0.67
1,381,897,592
-9.3
India
105,351,923
-20.08
1,093,810,591
65.55
Thailand
88,650,328
-24.11
1,055,427,481
-5.69
France
101,722,833
-15.72
1,000,885,239
2.38
Italy
111,414,020
6.2
923,782,518
77.44
The Netherlands
89,045,697
-24.34
887,215,387
-5.83
Russia
60,628,835
-8.93
858,118,829
0.06
Hong Kong (CN)
118,250,574
-14.57
848,396,604
-42.77
Spain
70,720,957
-28.91
760,478,102
-4.28
Brazil
83,718,334
-15.93
638,633,407
7.96
Australia
59,501,736
-34.79
569,567,640
-6.96
Japan
72,840,499
18.09
559,385,568
1.21
Sweden
56,293,740
0.71
471,125,470
-4.35
Turkey
16,786,369
-28.76
409,483,800
-26.62
Mexico
70,419,764
-22.01
393,357,971
449.57
Israel
33,587,346
-39.44
337,696,331
-2.18
Malaysia
43,913,321
-10.97
319,588,052
-28.43
South Africa
23,747,155
-46.34
308,836,473
26.63
The Philippines
34,629,041
38.88
281,087,193
-2.62
Taiwan
34,275,299
-33.17
270,244,965
-11.4
Singapore
20,961,713
-56.13
210,139,415
-10.76
Indonesia
21,890,143
-6.96
177,588,244
-14.25
Colombia
23,448,086
-42.35
167,511,487
49.25
New Zealand
10,774,154
-43.26
148,174,465
9.68
Portugal
13,559,684
-21.3
136,427,827
-2.78
Slovakia
14,265,569
3.88
131,325,122
-15.38
Ukraine
13,984,815
5.22
93,618,419
-15.03
Greece
10,076,492
6.54
83,179,856
4.98
Saudi Arabia
7,276,159
17.06
53,223,698
-5.69
Cambodia
137,477
 
205,090
-98.87

Especially, in the first 9 months of this year, there were some new export markets such as:
Market
September of 2019 (USD)
+/- vs. August of 2019 (%)
First 9 months of 2019 (USD)
Canada
41,228,178
-45.97
442,665,487
Chile
40,896,726
-36.77
319,303,721
Argentina
43,040,187
7.27
153,238,040
Peru
22,628,379
-10.56
110,886,897
Bangladesh
9,933,461
-26.65
75,993,861
Panama
7,643,735
-10.28
60,790,718
Sri Lanka
5,146,560
-30.08
49,044,440
Myanmar
9,889,756
50.05
44,130,755
Pakistan
3,738,316
7.98
22,703,333
Egypt
2,981,694
23.2
18,307,390
Nigeria
2,006,133
-0.86
9,396,722
Algeria
 
 
8,282,550
Hungary
997,304
49.59
4,475,591
Romania
696,829
25.1
4,354,540
Kuwait
403,773
2.96
4,102,959
Czech
789,163
63.56
4,008,093
Iraq
 
 
3,880,724
Kenya
199,611
76.44
576,176
CK
Source: VITIC

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