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.
Imports in this category reached US$14.13 billion in August, up 2.1% from July. Over the first eight months, imports totalled nearly US$96 billion, a year-on-year increase of 38.2%, accounting for almost 32% of the country’s total import value.
China remained the largest supplier with US$33.5 billion, up 47.5%. Other major sources were the Republic of Korea (US$24.1 billion, up 16.9%), Taiwan (nearly US$15 billion, up 72.9%) and Japan (US$5.4 billion, up 11.7%).
On the export side, computers, electronics and components brought in US$10.2 billion in August. In the first eight months, exports in this group reached nearly US$67 billion, up 43.1%, accounting for 22% of Vietnam’s total exports.
The US remained the largest buyer, with US$26.1 billion, up 67.7%. China followed with US$11.02 billion, up 38.6%, while Hong Kong and the EU also recorded strong growth.
Phones and components showed only modest growth, with exports reaching US$5.7 billion in August and US$38.2 billion in the first eight months, up just 2.4%. Imports in this group were close to US$7 billion, an increase of 18.8%.
Overall, Vietnam’s trade reached US$83.1 billion in August, up 0.9% from July. In the first eight months, turnover amounted to nearly US$598 billion, with computers, electronics and phones together accounting for about one-third of total exports and imports.
Vietnam increases imports of computers, electronic products from China
VOV.VN - Vietnam has sharply increased the import of computers and electronic products from China to meet both domestic demand and support export-oriented production.
