Vietnam’s exports of insulated wires and cables reached US$311.93 million in October, marking a 10.7 percent increase compared to September, which recorded US$281.70 million. The growth reflects steady demand for Vietnam’s high-quality electrical components, according to Vietnam’s General Department of Customs.
Year-to-date figures show modest growth. From January to October, the sector’s exports totalled US$2.88 billion, a 3.3 percent increase compared to the same period in 2023.
The consistent demand highlights Vietnam’s role as a reliable supplier in the global electrical industry. While October’s performance indicates a positive trend, the modest year-to-date growth suggests room for improvement, particularly in diversifying markets and increasing production capacity to meet global demand.
See also: Manufacturing in Vietnam
Vietnam wire and cable exports by destination, October vs September 2024
| October | September | MoM | YTD | |
| Total | 311,934,951 | 281,703,490 | 10.73% | 2,875,549,231 |
| Other | 46,231,007 | 43,100,045 | 7.26% | 433,171,318 |
| USA | 83,833,728 | 82,161,556 | 2.04% | 779,319,975 |
| China | 84,588,972 | 71,644,246 | 18.07% | 715,624,453 |
| South Korea | 34,001,325 | 30,284,110 | 12.27% | 370,395,501 |
| Japan | 29,626,620 | 25,674,805 | 15.39% | 273,928,426 |
| Thailand | 5,857,256 | 6,426,187 | -8.85% | 65,278,538 |
| Singapore | 10,101,987 | 5,002,189 | 101.95% | 58,745,788 |
| Philippines | 5,125,925 | 5,686,521 | -9.86% | 53,225,634 |
| HongKong | 4,889,374 | 4,213,596 | 16.04% | 49,926,838 |
| Cambodia | 4,153,202 | 4,036,232 | 2.90% | 39,665,529 |
| Australia | 3,525,555 | 3,474,003 | 1.48% | 36,267,231 |