In the first 9 months of 2024, Vietnam earned nearly 42 billion USD from exporting phones and components.

In the first nine months of 2024, the export value of telephones and components nationwide reached over $41.89 billion, an increase of 7.2% compared to the same period in 2023.

According to preliminary statistics from the General Department of Customs, in the first nine months of 2024, the export value of telephones and components nationwide reached over US$41.89 billion, an increase of 7.2% compared to the same period in 2023.

In September 2024 alone, exports of telephones and components reached nearly $4.62 billion, a decrease of 1.7% compared to August 2024 and a decrease of 8.3% compared to September 2023.

This is the second-largest export category in Vietnam (after computers, electronics, and components), accounting for 14% of the country's total merchandise export value.

In the first nine months of 2024, exports of mobile phones and components reached nearly $42 billion. Photo: NH

Of the total $41.89 billion, the seven main markets for Vietnam's exports of phones and components are China, the United States, South Korea, the United Arab Emirates, India, Austria, and Japan.

Specifically, Vietnam exported the most telephones and components to the Chinese market in the first nine months of 2024, reaching nearly $10.86 billion, a decrease of 1.4% compared to the same period in 2023, accounting for 25.9% of the country's total export value of all types of telephones and components; in September 2024 alone, exports reached over $1.88 billion, an increase of 19.4% compared to August 2024 but a decrease of 6.3% compared to September 2023.

The second largest market is the United States, reaching over $8.02 billion, an increase of 28.8%, accounting for 19.2%; in September 2024 alone, it decreased by 14.7% compared to August 2024 but increased by 21.5% compared to September 2023, reaching $706.53 million.

Next, the South Korean market reached over $2.69 billion, accounting for 6.4% of the total, a decrease of 0.6% compared to the same period in 2023; exports to the United Arab Emirates (UAE) reached over $2.54 billion, a strong increase of 56.9%; the Indian market reached $1.42 billion, an increase of 82.3%; the Austrian market reached $1.12 billion, a decrease of 26.56%; and the Japanese market reached $1.1 billion, an increase of 25.02%.

According to forecasts by market research firm Statista, the smartphone market in Vietnam is expected to reach $4 billion in 2024, with a compound annual growth rate of 1.45% from 2024 to 2028.

The impressive growth reflects the strong investment in manufacturing infrastructure and research and development capabilities of businesses in the industry. Manufacturers have continuously improved technology, enhanced product quality, and diversified their product portfolios to meet the increasingly diverse demands of the international market.

Notably, among export products, mobile phones and electronic components accounted for a large proportion, contributing significantly to the industry's total export value. Vietnamese products are not only favored for their diverse designs and quality but are also highly valued for their competitive prices, establishing a strong position in the international market.

Source: https://congthuong.vn/9-thang-nam-2024-viet-nam-thu-ve-gan-42-ty-usd-tu-xuat-khau-dien-thoai-va-linh-kien-354591.html