Vietnam grosses over US$5.1 billion from phone and component exports

During the eight-month period, phone and component exports reached more than US$33.8 billion, marking a drop of 15.5% against the same period from last year.

China, the United States, the Republic of Korea (RoK), the UAE, and Austria are the countries which recorded an export value exceeding US$1 billion.

In line with this, China remained the largest export market for Vietnamese phones and components with a market share making up 26.2%.

Specifically, the northern neighbour spent US$1.68 billion importing the product from Vietnam in August, representing a sharp increase of 111% compared to the previous month and up 7.4% compared to August last year.

Throughout the eight-month period, the country earned US$8.8 billion from exporting phones and components to China, a slight fall of 1% compared to the same period from last year.

The US made up the country’s second largest export market over the course of eight months, with the export value reaching more than US$5.6 billion, down 39% on-year, followed by the RoK with US$2.4 billion, down 37.4% and the UAE with nearly US$1.41 billion, down 19.2% on-year.

Elsewhere, Austria also made up a major export market for Vietnamese phones and components with turnover reaching US$1.34 billion, up 3.75%.

Source: VOV