A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s computer and electronics exports dip in October, but year-to-date figures show strong growth

Vietnam’s exports of computers, electrical products, spare parts, and components fell in October 2024, with the export value reaching US$5.91 billion. This marks a 7.2 percent decline compared to September, when the sector generated US$6.36 billion, according to Vietnam’s General Department of Customs

However, year-to-date figures reveal robust growth. From January to October, exports in this category totalled US$58.67 billion, a 26.1 percent increase compared to the same period in 2023.

The year-to-date rise highlights Vietnam’s increasing competitiveness in the global electronics market, driven by strong manufacturing capacity and diversified product offerings. While October’s decline signals a temporary setback, the overall growth trend underscores the sector’s critical role in Vietnam’s export portfolio and its potential for continued expansion.

See also: Electronics Manufacturing in Vietnam

Vietnam’s computers, electrical products, spare parts, and components, October vs. September 2024

October September MoM YTD
Total 5,905,297,706 6,361,593,252 -7.17% 58,666,216,701
Other 174,599,307 156,108,249 11.85% 1,511,163,901
United States of America 1,811,345,928 1,810,488,875 0.05% 19,127,384,783
China 813,005,987 1,242,744,576 -34.58% 9,907,862,249
HongKong 613,560,305 846,398,142 -27.51% 6,741,478,378
South Korea 499,161,131 529,873,945 -5.80% 4,525,869,106
Netherlands 370,187,363 292,949,425 26.37% 2,734,330,121
India 114,550,329 107,246,817 6.81% 1,299,237,383
Japan 136,843,394 114,786,058 19.22% 1,187,170,725
Taiwan 105,519,822 115,244,333 -8.44% 1,074,866,232
Slovakia (Slovak Rep.) 65,982,764 74,754,991 -11.73% 877,154,639
Singapore 97,873,357 101,540,439 -3.61% 871,985,863
Germany 101,014,814 108,253,951 -6.69% 844,782,850
United Kingdom 109,255,194 72,176,305 51.37% 678,286,344
Thailand 66,814,448 86,520,805 -22.78% 650,324,847
Mexico 78,229,496 47,507,663 64.67% 645,929,993
Canada 61,115,331 51,984,532 17.56% 589,095,101
Poland 56,960,468 66,620,542 -14.50% 549,544,491
Czech Republic 106,789,519 67,319,697 58.63% 543,951,694
Australia 58,354,657 68,659,796 -15.01% 542,875,635
Malaysia 56,946,660 56,887,527 0.10% 521,227,984
Italy 69,732,692 48,445,597 43.94% 467,420,101
United Arab Emirates 56,351,326 35,840,718 57.23% 413,239,746
Hungary 28,724,071 26,092,596 10.09% 322,636,164
Brazil 36,395,343 24,106,769 50.98% 288,718,934
France 28,271,837 27,653,411 2.24% 225,773,069
Turkey 42,194,567 38,125,130 10.67% 221,838,419
Indonesia 17,359,423 19,008,795 -8.68% 206,414,847
Philippines 20,781,185 16,458,632 26.26% 156,376,053
Spain 18,860,582 12,812,450 47.21% 137,963,863
Saudi Arabia 13,432,827 13,414,818 0.13% 86,374,768
South Africa 5,976,719 7,408,548 -19.33% 83,477,238
Sweden 8,560,868 9,192,892 -6.88% 82,125,352
Chile 6,498,574 7,254,193 -10.42% 81,657,465
New Zealand 9,581,122 7,335,766 30.61% 62,404,370
Argentina 7,207,736 11,236,773 -35.86% 55,593,174
Kazakhstan 2,847,371 10,253,484 -72.23% 51,339,067
Egypt 2,224,185 3,320,339 -33.01% 47,203,027
Panama 5,096,232 4,780,664 6.60% 40,007,720
Colombia 3,200,063 3,090,151 3.56% 36,960,661
Switzerland 4,845,442 2,613,216 85.42% 33,300,534
Peru 4,519,647 2,616,306 72.75% 32,035,467
Portugal 1,178,022 2,639,244 -55.37% 21,527,054
Armenia 4,222,958 4,268,587 -1.07% 21,124,739
Russia 1,057,721 555,756 90.32% 16,063,419
Belgium 2,248,315 949,519 136.78% 12,840,314
Greece 782,204 1,211,559 -35.44% 9,054,674
Romania 994,827 692,046 43.75% 7,592,308
Bangladesh 1,141,540 723,901 57.69% 7,199,257
Sri Lanka 539,791 447,188 20.71% 3,512,856
Nigeria 144,793 170,785 -15.22% 3,279,394
Finland 1,278,874 325,589 292.79% 3,257,289
Kyrgyzstan 836,690 400,066 109.14% 2,540,866
Ukraine 99,885 81,096 23.17% 842,173