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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

OctoberSeptemberMoMYTD
Total5,905,297,7066,361,593,252-7.17%58,666,216,701
Other174,599,307156,108,24911.85%1,511,163,901
United States of America1,811,345,9281,810,488,8750.05%19,127,384,783
China813,005,9871,242,744,576-34.58%9,907,862,249
HongKong613,560,305846,398,142-27.51%6,741,478,378
South Korea499,161,131529,873,945-5.80%4,525,869,106
Netherlands370,187,363292,949,42526.37%2,734,330,121
India114,550,329107,246,8176.81%1,299,237,383
Japan136,843,394114,786,05819.22%1,187,170,725
Taiwan105,519,822115,244,333-8.44%1,074,866,232
Slovakia (Slovak Rep.)65,982,76474,754,991-11.73%877,154,639
Singapore97,873,357101,540,439-3.61%871,985,863
Germany101,014,814108,253,951-6.69%844,782,850
United Kingdom109,255,19472,176,30551.37%678,286,344
Thailand66,814,44886,520,805-22.78%650,324,847
Mexico78,229,49647,507,66364.67%645,929,993
Canada61,115,33151,984,53217.56%589,095,101
Poland56,960,46866,620,542-14.50%549,544,491
Czech Republic106,789,51967,319,69758.63%543,951,694
Australia58,354,65768,659,796-15.01%542,875,635
Malaysia56,946,66056,887,5270.10%521,227,984
Italy69,732,69248,445,59743.94%467,420,101
United Arab Emirates56,351,32635,840,71857.23%413,239,746
Hungary28,724,07126,092,59610.09%322,636,164
Brazil36,395,34324,106,76950.98%288,718,934
France28,271,83727,653,4112.24%225,773,069
Turkey42,194,56738,125,13010.67%221,838,419
Indonesia17,359,42319,008,795-8.68%206,414,847
Philippines20,781,18516,458,63226.26%156,376,053
Spain18,860,58212,812,45047.21%137,963,863
Saudi Arabia13,432,82713,414,8180.13%86,374,768
South Africa5,976,7197,408,548-19.33%83,477,238
Sweden8,560,8689,192,892-6.88%82,125,352
Chile6,498,5747,254,193-10.42%81,657,465
New Zealand9,581,1227,335,76630.61%62,404,370
Argentina7,207,73611,236,773-35.86%55,593,174
Kazakhstan2,847,37110,253,484-72.23%51,339,067
Egypt2,224,1853,320,339-33.01%47,203,027
Panama5,096,2324,780,6646.60%40,007,720
Colombia3,200,0633,090,1513.56%36,960,661
Switzerland4,845,4422,613,21685.42%33,300,534
Peru4,519,6472,616,30672.75%32,035,467
Portugal1,178,0222,639,244-55.37%21,527,054
Armenia4,222,9584,268,587-1.07%21,124,739
Russia1,057,721555,75690.32%16,063,419
Belgium2,248,315949,519136.78%12,840,314
Greece782,2041,211,559-35.44%9,054,674
Romania994,827692,04643.75%7,592,308
Bangladesh1,141,540723,90157.69%7,199,257
Sri Lanka539,791447,18820.71%3,512,856
Nigeria144,793170,785-15.22%3,279,394
Finland1,278,874325,589292.79%3,257,289
Kyrgyzstan836,690400,066109.14%2,540,866
Ukraine99,88581,09623.17%842,173
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