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Vietnam spends 21.1bln USD importing phones, components in 2022

Vietnam spent over 21.1 billion USD importing mobile phones and components last year, a decrease of 1.6% from 2021, accounting for 5.9% of the country’s total import turnover.
Vietnam spends 21.1bln USD importing phones, components in 2022 ảnh 1Clients choose an iphone to buy at a mobile shop in HCM City. iPhone imports saw the most significant growth, rising 46% to 1.16 billion USD in 2022. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnam spent over 21.1 billion USD importingmobile phones and components last year, a decrease of 1.6% from 2021,accounting for 5.9% of the country’s total import turnover.

The figure was announced in the 2022 Vietnam Import-Export Report released bythe Ministry of Industry and Trade late last week.

Imports of phones and components of the FDI sector reached 20.1 billion USD,down 0.9% from 2021.

Meanwhile, imports from the Republic of Korea and China accounted for themajority of the country’s imports related to phones and components, 92.6%.

In 2022, Vietnam’s import of CBU (completely built units) phones reached aturnover of 3.5 billion USD, up 10.5% compared to 2021, accounting for 16.6% ofthe import turnover of phones and components.

Apple, Samsung, Oppo, and Xiaomi phones were the most favoured brands,accounting for 93.4%. iPhone imports saw the most significant growth rising 46%to 1.16 billion USD. Samsung phones came in second at $940 million and Oppocame in third at 442 million USD.

Also in 2022, imports of phone components stood at over 17.6 billion USD, down3.7% compared to 2021.

The report also announced that the number of domestically-produced phonesreached 210.5 million, a slide of 9.1% compared to 2021. The production valueof phone components reached 663 trillion VND, up 15.1% against 2021.

According to the report, exports of phones and components reached a turnover of58 billion USD, an increase of 0.8% against 2021, and accounted for 15.6% ofthe country’s total export turnover. Export turnover of FDI enterprises reached57.8 billion USD, an increase of 1.4% from 2021, accounting for 99.7% of thiscommodity group.

The export of CBU phones reached 33.3 billion USD, up 0.7% compared to 2021, accountingfor 57.4% of the total export turnover of this commodity group. That of Samsungphones earned over 31.4 billion USD, accounting for 95% of the country’s totalexport turnover of CBU phones.

Meanwhile, exports of phone components and accessories hit over 24.7 billionUSD, up 1% compared to 2021.

Last year, the key export markets for mobile phones and components were China,the US, the EU, the RoK, the UAE, and Hong Kong (China). Mainland China is Vietnam’slargest export market with a turnover of 16.3 billion USD, up 7.1% compared to2021. It was followed by the US market with 11.9 billion USD./.
VNA
#mobile phones #Ministry of Industry and Trade #FDI #Apple #Samsung #Oppo #phone components #export markets #updated Vietnam news #Vietnamplus #Vietnam News Agency
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