Vietnam spent $50 billion importing computers, electronic products, and components
Source：vir
From：Taiwan Trade Center, Representative Office In Ho Chi Minh City
Update Time：2022/10/28
Vietnam spent $50 billion importing computers, electronic products, and components.
Computers, electronic products, and components were the leading import items by turnover in the first seven months of 2022.
According to the General Department of Customs, in the first seven months of the year, the turnover of these goods was reported at over $50.1 billion, up 25.2 percent compared to the figure of last year, accounting for 23.13 percent of the total import turnover of the whole country.
In July alone, the country spent nearly $6.9 billion importing computers, electronic products, and components, increasing by 2.3 percent over the previous month.
The leading import markets were mainly in Asia, such as China, South Korea, Taiwan, and Japan.
China was the largest import market with $14.64 billion, accounting for 29.22 percent of the total market share and up by 25.56 percent over the same period last year.
South Korea stands on the second position with $14.33 billion, accounting for 28.6 percent of the total market share, up by nearly 37 percent.
The next position was the Taiwan market with $6.98 billion, accounting for 13.93 percent, up by 35.8 percent, followed by Japan with more than $4.05 billion, accounting for 8 percent, up by 34.55 percent.
The above four major markets alone accounted for 79.75 percent of the country’s total import turnover of this group of goods.
By the end of July, the country’s exports of computers, electronic products, and components reached $31.72 billion, up by 14.8 percent over the same period last year.
Thus, by the end of July, the group of computers, electronic products, and components had a trade deficit of more than $18 billion.
Source: https://vir.com.vn/vietnam-spent-50-billion-importing-computers-electronic-products-and-components-95925.html