China, US, Taiwan ship more computers, electronics to Vietnam

19-Jun-2019 Intellasia | The Saigon Times | 7:04 AM Print This Post

Vietnam spent $5.05 billion, $1.78 billion and $2.04 billion importing computers and electronic products from China, the United States and Taiwan in the first five months of the year, surging 80.8 percent, 46.2 percent and 43.2 percent over the same period last year, respectively.

According to the general Department of Vietnam Customs, the country imported $20.12 billion worth of computers and electronic goods during the period, up 19.3 percent year-on-year. These were among Vietnam’s largest import items in the period.

In particular, though South Korea was the largest supplier of computers and electronic products to Vietnam, with turnover of $7.23 billion, China, the United States and Taiwan reported the highest growth in revenue from the export of these products to Vietnam.

Meanwhile, Vietnam exported $12.55 billion worth of these products in the five-month period, a year-on-year increase of 13.1 percent. China took the lead with $3.19 billion, followed by the European Union with $2.05 billion, the United States with $1.78 billion and South Korea with $1.16 billion.

Thus, the country ran a trade deficit of $7.57 billion for these products in the January-May period.

Phones and phone parts brought the highest export revenue in the first five months of the year, reaching $19.72 billion.

The export of textiles and garments; machinery, equipment, tools and machine parts; footwear; wood and wooden products; and iron and steel also posted double-digit growth, but the country still had a trade deficit of $430 million between January and May.


Category: Economy, Vietnam

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