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Mobile devices and components lead Vietnamese exports

Mobile devices and components

Mobile devices and components continued to lead local exports over the first two months of 2021.

The latest data published by the General Statistics Office (GSO) showed that as one of the nine export articles with an export turnover of more than $1 billion, which made up 73.8 per cent of the total export turnover during the first two months, mobile devices and components made up the largest portion.

In particular, the export value of mobile devices and components hit $9.3 billion, or 19.2 per cent of the turnover, up 22.8 per cent on-year. Contributing to this was the 21.2 per cent increase on-year in the electronics and computer manufacturing index.

Of this, media equipment production (including mobile devices and components) soared 22.9 per cent on-year. Specifically, the output of mobile devices reached 35 million, up 1.2 per cent on-year. The revenue from mobile component production hit VND95.4 trillion($4.15 billion), up 55.7 per cent on-year.

The EU, the US, and China remained the largest export markets for Vietnamese articles with nearly $2.5 billion of turnover from China, up 103.9 per cent on-year.

The portion of mobile devices and components in exports has constantly expanded over the years, from 3.2 per cent in 2010 to the current 20 per cent.

According to the GSO, the recent US-China tensions will facilitate local mobile and electronic production as plenty of overseas tech giants have landed in Vietnam.

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