Imports of cell phones saw growth in first quarter
Wednesday, April 26,2017AsemconnectVietnam - In the first quarter of this year, Vietnam’s imports of cell phones and accessories from all markets saw annual growth. Especially, the imports of cell phones and accessories from the U.S increased ceaselessly.
Vietnam imported over US$ 1.14 billion worth of cell phones and accessories in March and over $ 2.9 billion in the first quarter of this year, increased by 22.6 per cent over the same period last year, showed the statistics figures of the General Department of Customs.
China was leading the list of the country’s biggest import markets of cell phones and accessories in the first quarter of this year with the import value of $ 1.6 billion, up by 7.5 per cent over the same period last year and accounted for 55 per cent of the total. The imports from South Korea reached over $ 1 billion, up by 33.4 per cent.
The imports from Hong Kong, the U.S, Japan, Taiwan and the U.K reached $ 76.4 million; $ 31.2 million; $ 13.7 million; $ 6.6 million; and $ 1.2 million, respectively.
In the first quarter of this year, the country’s imports of cell phones and accessories rocketed by 1,986 per cent over the same period last year while the imports from Hong Kong, the U.K and Sweden also increased sharply by 175 per cent; 137 per cent and 106 per cent, respectively year – on – year.
The country also exported $ 3.09 billion worth of cell phones and accessories in March and $ 7.77 billion in the first quarter of this year, down by 6.1 per cent over the same period of 2016.
The major export markets of cell phones and accessories in the first three months of this year were the EU - $ 2.38 billion, down by 6.1 per cent; the U.A.E – nearly $ 901 million, down by 19.9 per cent; South Korea - $ 755 million, up by 32.8 per cent; the U.S - $ 620 million, down by 43 per cent year – on – year.
Vietnam’s import markets of cell phones and accessories in the first quarter of 2017 -Unit: US$ - Source: the General Department of Customs
Market
|
First quarter of 2017
|
First quarter of 2016
|
First quarter of 2017 vs. same period of 2016 (%)
|
Total
|
2,934,307,989
|
2,393,991,593
|
+22.57
|
China
|
1,609,142,162
|
1,497,363,499
|
+7.47
|
South Korea
|
1,028,505,937
|
770,987,068
|
+33.40
|
Hong Kong
|
76,420,253
|
27,789,118
|
+175.00
|
The U.S
|
31,210,347
|
1,496,405
|
+1985.69
|
Japan
|
13,704,188
|
10,026,335
|
+36.68
|
Taiwan
|
6,639,289
|
5,588,688
|
+18.80
|
The U.K
|
1,237,146
|
521,471
|
+137.24
|
Sweden
|
567,590
|
275,272
|
+106.19
|
CK
Source: VITIC
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