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Vietnam’s imports of computers, electronics and components in 2024 surpassed the 100 billion USD mark for the first time in history and were the highest level since 2013, according to statistics from the General Department of Vietnam Customs.
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| 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./.
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