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Computer, electronic products and components exports reach 55.29 billion USD 

 Friday, November 1,2024

AsemconnectVietnam - As of October 15, Vietnam's exports of electronic computers and components reached 55.29 billion USD, an increase of 26.72% over the same period last year.

According to preliminary statistics from the General Department of Customs, as of October 15, the exports of electronic computers and components reached 55.29 billion USD (an increase of 11.67 billion USD), an increase of 26.72% over the same period last year.
Electronic computers and components are the group of goods with the largest turnover, accounting for 17.6% of the total export turnover of all kinds of goods nationwide by the end of September of 2024.
According to the General Department of Customs' update by the end of September, there were 8 main markets exporting the most electronic computers and components from Vietnam, namely China, the United States, Hong Kong (China), South Korea, the United Arab Emirates, India, Austria, and Japan.
The United States was the leading export market with nearly 17.32 billion USD, a sharp increase of 46.5% over the same period of 2023 and accounting for 32.8% of the total export turnover of this group of goods nationwide. China ranked second with nearly 9.1 billion USD, accounting for 17.2%, down by 8.9% over the same period of 2023.
The exports to Hong Kong (China) reached 6.13 billion USD, accounting for 11.6%, down by 68.7%; to the South Korean market reached over 4.03 billion USD, accounting for 7.6%, up by 13% over the same period of 2023, while the exports to the Dutch market reached 2.36 billion USD, accounting for 4.48%, up by 36.09%; to the Indian market reached 1.18 billion USD, accounting for 2.25%, down 18.27%; and to the Japanese market reached 1.05 billion USD, accounting for 1.99%, up by 36.46%.
In general, the export of electronic computers and components to most markets in the first 9 months of 2024 increased in turnover compared to the same period of 2023.
On the contrary, according to the latest statistics of the General Department of Customs, in the first half of October (October 1-15), the whole country spent more than 4.3 billion USD importing computers, electronic products and components.
In total, from the beginning of the year to October 15, the whole country spent 83.46 billion USD importing the above group of goods. Thus, on average, Vietnam spends about 293 million USD per day importing computers, electronic products and components.
Computers, electronic products and components were the largest group of imported goods, accounting for 28.32% of the total import turnover of the whole country.
Compared to the same period of 2023, the import turnover of the above group of goods increased by 16.82 billion USD, equivalent to a growth of 25.24%. Regarding the import market, the top 3 names were China, South Korea and Japan.
According to the General Department of Customs, by the end of September, Vietnam spent 25.79 billion USD importing this group of goods from China, up by 55.3% over the same period last year. The next was South Korea with 23.48 billion USD, up by 16%; and Japan with 5.3 billion USD, up by 2.9%.
In recent years, the Vietnamese electronics industry has made great strides and achieved remarkable achievements. Electronics enterprises operating in Vietnam (including both domestic and FDI enterprises) have now produced most of the essential electronic products such as air conditioners, televisions, washing machines, phones, printers, etc.
In addition, domestically produced electronic products are diverse in types, colors, designs, have good quality, meet most of the domestic demand and have been exported to a number of countries around the world. Vietnam's electronics industry currently accounts for about 18% of the entire industry, mainly producing electronic products, computers and optical products. Computer products and electronic components are increasingly diversifying products according to domestic and export market demand. At the same time, the export structure of electronic products has changed positively, in which the proportion of complete and semi-finished products tends to increase.
CK
Source: VITIC/congthuong.vn

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