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

Vietnam’s phone exports approach US$5 billion in March

Vietnam exported telephones, mobile phones and parts worth US$4.82 billion in March, up 9.95 percent from February, according to Vietnam’s General Department of Customs.

This brought the year-to-date total to US$14.04 billion, making the category one of Vietnam’s top export earners. China overtook the USA as the largest single market in March, with exports surging to US$1.25 billion, a 47 percent rise. The USA followed with US$794.98 million, a slight dip from the previous month.

While exports to key markets like South Korea and Japan showed steady growth, shipments to the UAE, Hong Kong, and several EU countries declined. The Philippines, Israel, and Peru saw notable increases.

See also: Electronics Manufacturing in Vietnam

Vietnam phone exports, March, US$ millions

MarchFebruaryMoMYTD% of YTD
Total4,824.594,387.869.95%14,038.24100.00%
Other130.2685.0053.26%327.992.34%
China1,249.69850.1447.00%2,703.6419.26%
USA794.98830.89-4.32%2,746.3319.56%
South Korea270.29254.826.07%779.805.55%
UAE222.07272.33-18.46%759.015.41%
India199.32162.8422.40%587.964.19%
Austria189.29180.624.80%643.424.58%
Japan187.46161.4916.08%503.503.59%
Netherlands115.90148.01-21.70%353.202.52%
Mexico107.99115.66-6.64%321.332.29%
UK88.97106.76-16.67%365.342.60%
Australia77.2473.545.02%240.451.71%
Thailand75.3838.3696.47%212.761.52%
Germany69.0781.82-15.59%279.391.99%
Hong Kong68.2898.58-30.74%242.631.73%
Canada61.9170.83-12.59%195.641.39%
Brazil61.0147.2729.08%160.721.14%
France56.7944.8626.59%180.171.28%
Spain55.0249.5611.01%159.071.13%
Saudi Arabia53.7874.34-27.66%199.931.42%
Chile53.0623.55125.33%123.110.88%
Italy50.3249.361.93%145.251.03%
Slovakia47.4946.073.07%149.141.06%
Malaysia43.3636.1020.11%112.670.80%
Turkey41.3037.948.85%126.010.90%
Argentina40.2147.55-15.45%132.070.94%
Philippines34.6020.6867.30%83.050.59%
Israel33.1617.2492.34%98.740.70%
Kazakhstan32.7919.7466.15%81.020.58%
Taiwan32.3534.72-6.84%113.930.81%
Armenia30.9644.71-30.77%115.910.83%
Singapore27.5024.9910.08%85.970.61%
Indonesia26.8441.07-34.63%107.370.76%
Sweden26.4026.200.74%102.860.73%
South Africa22.1333.41-33.76%86.950.62%
Peru21.1111.5582.84%44.000.31%
Poland19.9233.39-40.32%78.870.56%
Colombia19.4814.0139.06%43.550.31%
Panama16.1017.35-7.21%43.120.31%
New Zealand15.5318.88-17.77%55.820.40%
Greece14.489.0859.47%35.000.25%
Hungary11.757.1863.70%23.510.17%
Pakistan11.2912.33-8.47%36.050.26%
Portugal9.357.5124.44%31.390.22%
Egypt7.464.2177.05%16.990.12%
Sri Lanka0.590.4823.39%1.470.01%
Nigeria0.240.1923.80%0.570.00%
Czech Republic0.080.09-5.94%0.440.00%
Kenya0.080.12-32.70%0.250.00%
Bangladesh0.000.43-100.00%0.910.01%

See also: How to Start an Export Business in Vietnam.

get the latest news sent straight to your inbox