Vietnam’s computer exports hit record high

17.04.2017

The export turnover of computers, electronic products and spare parts in March touched US$ 2.19 billion, the highest level ever recorded, the General Department of Customs said.

It’s a 27.5 per cent rise compared to the previous month.

In the first quarter of 2017, the export turnover for this category of products totalled $5.52 billion, a surge of 47.8 per cent compared to the same period last year.

China remained Viet Nam’s largest importer of this commodity group with Q1’s turnover reaching $1.37 billion, a 123.5 per cent year-on-year rise. It is followed by the European Union (EU) with a turnover of $1.04 billion, up 12.3 per cent against last year.

Vietnamese computers, electronic products and spare parts are being exported to around 30 countries and regions, but exports to China and the EU account for 44 per cent of the total export.

Meanwhile, the import turnover of computers, electronic products and spare parts was $2.99 billion in March, an increase of 20.1 per cent over February. The import turnover of this commodity group in the first three months of 2017 touched $7.6 billion, up 16.6 per cent year-on-year.

In Q1, computers, electronic products and spare parts were imported to Việt Nam mainly from South Korea with turnover of $2.69 billion, up 27.9 per cent year-on-year; from mainland China for $1.58 billion, up 28.5 per cent; and from Taiwan for $773 million, up 7.9 per cent. 

Source: Vietnam.net

Photo: CBR Investment AG