Vietnam’s exports of computers, electronic products and components continue to grow at double-digit rates, with the US still the most important market.

According to data from the General Customs, the import-export turnover of computers, electronic products and components reached USD 121.6 billion as of November 15, 2022, accounting for 18.86% of the country’s total import and export turnover.

With exports reaching USD 48.3 billion, an increase of 12.6% (equivalent to USD 5.4 billion).

In terms of export markets, the US leads, followed by China, the European Union (EU) and South Korea.

In the first 10 months of the year alone, exports of electronic computers and components to the US amounted to USD 13.23 billion, an increase of 26.4% over the same period.

Next is China with USD 9.81 billion, up 12.9% over the same period.

Exports of computers and electronics mainly belong to FDI companies. Photo: MPI.

In the opposite direction, however, this block’s imports amounted to USD 73.3 billion, an increase of 14.2% (equivalent to USD 9 billion).

Imports from China amount to USD 20.6 billion, an increase of 17.7% over the same period. From Korea USD 20 billion, up 23.2%; Taiwan (China) is USD 9.62 billion; Japan USD 6.03 billion.

In 2021, the total import-export turnover of computers, electronic products and components will reach USD 130.3 billion, of which nearly USD 51 billion is exported and USD 75.5 billion is imported. Exports of computers and electronic components by FDI enterprises reached more than $49.7 billion, an increase of 15.2% over the previous year and accounting for 97.8% of the country’s total export revenue of this item .

According to the General Department of Customs, the country’s total import-export value at the end of November 15, 2022 was nearly USD 644.7 billion, an increase of 13.1% (equivalent to USD 74.63 billion) compared to the same period last year.

In which Vietnam’s total export turnover reached USD 326.68 billion, an increase of 14.8% (equivalent to USD 42.2 billion) over the same period last year; total import turnover reached USD 318.02 billion, an increase of 11.4% (equivalent to USD 32.44 billion) over the same period last year.

Vietnamese exports continued to maintain a good growth rate in the context of global economic fluctuations. Accumulated to November 15, 2022, the trade balance had a surplus of USD 8.66 billion.

@ Vietnam net



Source: Vietnam Insider

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