Vietnam grosses US$29.17 billion from phone and component exports

The major importers of these products include China, the United States, the EU, and the Republic of Korea (RoK).

Most notably, the country’s export turnover of phones and components to the US, China, and the RoK surged by 53.7%, 16.6%, and 29.8% to US$6.61 billion, US$6.45 billion, and US$2.78 billion, respectively, in comparison to last year’s corresponding period. In contrast, export turnover for these items to the EU market fell by 7.7% to US$3.2 billion.

Computers, electronic products and component exports in June saw an increase of 6.5% to US$5.17 billion over the previous month, duly bringing the export value of the commodity group in the initial two quarters of the year to US$27.68 billion, up 15.6% against the same period from last year.

During the six-month period, exports of computers, electronic products and components to the US, China, the EU, and Hong Kong (China) inched up by 26.9%, 12.1%, 18.5%, and 1.3% to US$7.32 billion, US$5.89 billion, US$3.73 billion, and US$2.88 billion respectively.

Meanwhile, the country earned only US$1.79 billion from exports of this product to the RoK market throughout the reviewed period, marking a drop of 5.1% on-year.