Spending more than US$54 billion to import computers and electronic products in first half of the year

Vietnam spent over $51 billion importing computers and electronic products in 10 months Vietnam spent over $51 billion importing computers and electronic products in 10 months
Exports increased by over US$27 billion Exports increased by over US$27 billion
Spending more than US$31 billion for importing computers and electronic products in 4 months Spending more than US$31 billion for importing computers and electronic products in 4 months
Chart: T.Binh
Chart: T.Binh

According to the General Department of Customs, in the first half of July (July 1-15), the import turnover of computers, electronic products and components reached nearly US$5 billion, thereby increasing the total import turnover of this group of goods from the beginning of the year to July 15 to US$54.3 billion (equivalent to more than VND1.36 million billion).

Compared to the same period last year, import turnover of this product group rose by 28.4% or more than US$12 billion).

Notably, computers, electronic products and components alone account for 27.8% of the country’s total import turnover.

If this result is maintained from now until the end of 2024, this year, the import turnover of computers, electronic products and components is likely to reach US$100 billion.

Regarding markets, China and South Korea are the two markets where our country imports the most computers, electronic products and components.

Of which, the Chinese market leads with a turnover of approximately US$16 billion, a sharp increase of 60% or nearly US$6 billion year-on-year.

Meanwhile, imports from the Korean market reached US$14.77 billion USD, a year-on-year increase of 18.16% or US$2.27 billion.

With US$30.77 billion, the two major markets in Asia alone account for 56.67% of the country’s total import turnover of computers, electronic products and components.

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