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  1. VIETNAM TODAY

Electronics lead Vietnam’s trade, with China the largest supplier

Computers, electronic products and components continued to dominate Vietnam’s trade in August, both in exports and imports, according to the Department of Customs under the Ministry of Finance.

Electronics lead Vietnam’s trade, with China the largest supplier - 1

In the first eight months, imports of computers, electronic products and parts totalled nearly USD 96 billion, rising 38.2 per cent year-on-year. (Photo: VNA)

Imports in this category reached 14.13 billion USD in August, up 2.1 per cent from July. Over the first eight months, imports totalled nearly 96 billion USD, a year-on-year increase of 38.2 per cent, accounting for almost 32 per cent of the country’s total import value.

China remained the largest supplier with USD 33.5 billion, up 47.5 per cent. Other major sources were the Republic of Korea (USD 24.1 billion, up 16.9 per cent), Taiwan (nearly USD 15 billion, up 72.9 per cent) and Japan (USD 5.4 billion, up 11.7 per cent).

On the export side, computers, electronics and components brought in USD 10.2 billion in August. In the first eight months, exports in this group reached nearly USD 67 billion, up 43.1 per cent, accounting for 22 per cent of Vietnam’s total exports.

The US remained the largest buyer, with USD 26.1 billion, up 67.7 per cent. China followed with USD 11.02 billion, up 38.6 per cent, while Hong Kong and the EU also recorded strong growth.

Phones and components showed only modest growth, with exports reaching USD 5.7 billion in August and USD 38.2 billion in the first eight months, up just 2.4 per cent. Imports in this group were close to USD 7 billion, an increase of 18.8 per cent.

Overall, Vietnam’s trade reached USD 83.1 billion in August, up 0.9 per cent from July. In the first eight months, turnover amounted to nearly USD 598 billion, with computers, electronics and phones together accounting for about one-third of total exports and imports.

Source: VNS
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