Vietnam’s imports of computers, electronics and components from China are estimated to reach a total of 33-34 billion USD in 2024. (Photo: baodautu.vn)

As of December 15, 2024, the country spent 361 billion USD importing goods from around the world, a 15.6% increase compared to the same period last year. Of the 53 main import categories, 47 have a turnover of over 1 billion USD.

The category of computers, electronics and components led the turnover at 102 billion USD, a 21.4% annual increase.

Most of them came from China, accounting for 32.3% of the total import turnover of this group and reaching nearly 31.54 billion USD by the end of November 2024, a significant increase of 49% compared to the first 11 months of 2023.

It is estimated that Vietnam’s imports of computers, electronics and components from China will reach a total of 33-34 billion USD in 2024.

After China, the second-largest market for this category’s imports is the Republic of Korea, accounting for 29.9% of total imports with nearly 29.22 billion USD in turnover by November 2024, an annual increase of 12.4%.

Taiwan (China) follows with 12.62 billion USD in import turnover for this category, accounting for 12.9% of the total, which represents an annual increase of 34.4%.

Vietnam’s exports of computers, electronics and components to foreign markets in 2024 surpassed phone exports by 17.8 billion USD to become the number one export category of the country. It generated a turnover of 71.7 billion USD by the end of November, an increase of 25% compared to 2023.

As a result, Vietnam has experienced a trade deficit of over 35.3 billion USD in computers, electronics, and components, an increase of more than 15% compared to 2023./.