Illustrative image (Photo: VNA) By 2022, Vietnam’s export share reached 12% on the globalsmartphone market, while India, a rival of Vietnam in this market, rankedseventh with a little over 2.5% export share, thehindu.com reported.
China continued to form the lion’s share by exporting half of theworld’s smartphones in 2022.
Hong Kong, the UAE, the Czech Republic, the US and the Republic ofKorea are other major players in the export market.
According to the General Department of Customs, Vietnam’s exportvalue of all types of phones and components in January reached more than 5.5billion USD, an increase of more than 50.4% compared to December 2023 and anincrease of 11.4% year on year.
The US and China became the largest customers of Vietnamese phonesand components.
In January, Vietnam’s exports to the US reached 1.39 billion USD,accounting for 25% of the exports. China came second with about 734 million USD,13%, and the RoK third, with 330 million USD.
The General Department of Customs' statistics also showed that in2010, the export turnover of phone components and components only accounted for3.2% of total national export value, but this group of electronic productsgained an annual average growth rate of 34% in export value during the periodof 2011-2021.
In 2023, overseas shipment of phones and accessories totalled 52.3billion USD, down 9.7% compared to 2022. Phones and accessories ranked secondin export value, after computers, electronics and components.
According to an HSBC report, Vietnam held 13% of the globalsmartphone market share in 2021, being the second-largest smartphone exporterin the world.
Vietnam now is also an attractive destination for big firms in theglobal phone and component industry, including Apple. At present, about 25suppliers of Apple locate their factories in Vietnam, vtv.vn reported./.
VNA
