AsemconnectVietnam - According to the data from the Customs Department, Vietnam's exports of mobile phones and components in April of 2026 reached US$4.55 billion, a decrease of 18.73% compared to the previous month but a strong increase of 21.03% compared to the same period of 2025.

For the first four months of 2026, the exports of this product group reached US$21.28 billion, an increase of 19.57% compared to the same period last year.
Foreign direct investment (FDI) enterprises continued to play a dominant role in Vietnam's mobile phone and components exports. In April of 2026, this sector achieved US$4.54 billion in export value, accounting for 99.77% of the total export value of the entire industry. Overall, in the first four months of 2026, the exports from FDI reached US$21.26 billion, a 19.89% increase year-on-year and accounting for 99.91% of total export value. This shows that Vietnam's mobile phone industry remains heavily dependent on multinational corporations and FDI supply chains.
Although export value in April of 2026 decreased significantly compared to the previous month, this is mainly a temporary development following a strong growth period in the first quarter of 2026. Compared to the same period of 2025, most major markets maintained positive growth rates, reflecting the continued improvement in global demand for imported smartphones.
China continued to be Vietnam's largest export market, with export value reaching US$4.61 billion in the first four months of 2026, a 29.85% increase year-on-year and accounting for 21.65% of the total export value of the entire industry. This increase reflects strong demand for components, semi-finished products, and re-export activities in the regional electronics supply chain.
The United States ranked second with a turnover of $3.71 billion, an increase of 7.81%. Although the growth rate is not very high, the United States remained the most important smartphone market for technology corporations manufacturing in Vietnam. In April of 2026 alone, the exports to the United States increased sharply by 24.88% compared to the previous month and by 49.18% compared to the same period last year, indicating a significant improvement in import demand ahead of major shopping seasons.
The exports to the EU reached $2.73 billion in the first four months of 2026, an increase of 6.70% compared to the same period last year. However, the EU's share of total export turnover narrowed from 14.37% to 12.82%, indicating a slower growth rate in the region compared to Asian markets. Some major EU markets recorded positive growth, such as the Netherlands (up by 26.04%), Germany (up by 20.26%), and Italy (up by 2.0%); while Spain decreased by 10.06% and Slovakia by 16.90%.
Notably, the exports to South Korea surged by 114.07% in the first four months of 2026, reaching US$2.2 billion. This is one of the fastest-growing markets, reflecting the increasing trend of intra-regional electronic component exchange between South Korean technology corporations with factories in Vietnam and the South Korean manufacturing ecosystem.
Other Asian markets also recorded positive growth, such as Japan (up by 48.72%), Thailand (up by 56.56%), Malaysia (up by 24.06%), and Singapore (up by 20.86%). This showed that the electronics supply chain in the region continued to recover strongly, and Vietnam is increasingly playing a central role in manufacturing and assembly within the regional network.
Conversely, some markets recorded significant declines, such as the UAE (down by 15.68%), Mexico (down by 7.64%), Hong Kong (down by 25.05%), Saudi Arabia (down by 17.03%), and Argentina (down as much as 64.80%). This reflects the weak consumer demand for electronics in some emerging markets due to inflationary pressures, exchange rate fluctuations, and slow economic growth.
Besides traditional markets, many emerging markets recorded very high growth rates, indicating significant potential for Vietnam's export expansion. Specifically, the exports to South Africa increased by 107.8%, Chile by 19.68%, Israel by 22.76%, Peru by 95.98%, Pakistan by 77.98%, and Egypt by 51.9%. This is a positive sign for Vietnam's strategy of diversifying its mobile phone export markets amidst increasing global trade competition.
In March 2026, exports of telephones and components reached US$5.6 billion, an increase of 2.1% compared to February 2026. The total exports of this product group in the first quarter of 2026 reached US$16.75 billion, accounting for approximately 14% of total export turnover and increasing by 19.3% compared to the same period last year (corresponding to an increase of US$2.71 billion).
CK
Source: VITIC