Vietnamese computer imports exceed US$51 billion over 10-month period

Fri, 20 Nov 2020 16:35:00  |  Print  |  Email   Share:

Vietnam spent approximately US$210.3 billion on imports during the 10 months of the year, representing an annual increase of 0.3% with computers and electronic products becoming the group with the largest import turnover of up to US$51.27 billion, according to the General Department of Vietnam Customs.

Electronic components, raw materials for textiles, along with the footwear and machinery sectors are among the groups that recorded the largest import turnover throughout the reviewed period.

The Republic of Korea (RoK) continued to make up the country’s largest import market with turnover of US$14.1 billion, followed by China with US$14.09 billion, and Taiwan (China) with US$6.3 billion.

With regard to global markets, Asia countries dominate other markets in terms of providing goods to the nation. Indeed, they make up 80.4% of total Vietnamese import turnover, with China and the RoK representing the biggest suppliers of goods to the country.

Most notably, the nation spent US$65.62 billion on importing goods from the Chinese market, representing an annual increase of 5.9% and accounting for 31.2% of total Vietnamese import turnover.

Elsewhere, other major markets such as the RoK, ASEAN, and Japan witnessed import turnover reach US$37.47 billion, US$24.5 billion, and US$16.55 billion, respectively.

Furthermore, the Americas, Europe, Oceania, and Africa also saw import turnover hit US$18.13 billion, US$15.59 billion, US$4.33 billion, and US$3.07 billion, respectively, during the course of the reviewed period.

Among the four continents, only Europe enjoyed positive growth with 3.3%, while each of the remaining continents endured a spell of negative growth.

By: VOV

Source: https://vov.vn/en/economy/vietnamese-computer-imports-exceed-us51-billion-over-10-month-period-818853.vov

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