Việt Nam remains world's second largest smartphone exporter
Việt Nam's export of all types of phones and components in January reached more than US$5.5 billion. — VNA/VNS Photo |
HÀ NỘI — Việt Nam has remained the world's second largest smartphone exporter.
By 2022, Việt Nam’s export share reached 12 per cent on the global smartphone market, while India, a rival of Việt Nam in this market, ranked seventh with a little over 2.5 per cent export share, thehindu.com reported.
China continued to form the lion’s share by exporting half of the world’s smartphones in 2022.
Hong Kong, UAE, the Czech Republic, the US and South Korea are other major players in the export market.
According to the General Department of Customs, Việt Nam's export value of all types of phones and components in January reached more than US$5.5 billion, an increase of more than 50.4 per cent compared to December 2023 and an increase of 11.4 per cent year on year.
The US and China became the largest customers of Vietnamese phones and components.
In January, Việt Nam's exports to the US reached $1.39 billion, accounting for 25 per cent of the exports. Second was China with about $734 million, accounting for 13 per cent, and third was South Korea with $330 million.
The General Department of Customs' statistics also showed that in 2010, the export turnover of phone components and components only accounted for 3.2 per cent of total national export value, but this group of electronic products gained an annual average growth rate of 34 per cent in export value during the period of 2011-2021.
In 2023, overseas shipment of phones and accessories totalled $52.3 billion, down 9.7 per cent compared to 2022. Phones and accessories ranked second in export value, after computers, electronics and components.
According to an HSBC report, Việt Nam held 13 per cent of the global smartphone market share in 2021, being the second-largest smartphone exporter in the world.
Việt Nam now is also an attractive destination for big firms in the global phone and component industry, including Apple. At present, about 25 suppliers of Apple locate their factories in Việt Nam, vtv.vn reported.
See also
Hà Nội Metro announces profit from the Cát Linh–Hà Đông metro line
10:00 | 19/05/2024 Economy
Cement makers call for scraping of clinker export tax
09:00 | 19/05/2024 Economy
Digital transformation in logistics - a key to unlocking sustainable e-commerce and economic development
07:00 | 19/05/2024 Economy
Mounting inflationary pressure requires Government’s flexible moves
06:00 | 18/05/2024 Economy
PM chairs meeting on fiscal, monetary policy management
06:00 | 18/05/2024 Economy
VietFood & Beverage – ProPack Vietnam 2024 to be held in August
06:00 | 17/05/2024 Economy
See more news
Việt Nam's data centre sector is attractive to foreign investors
06:00 | 16/05/2024 Economy
Businesses and people expect VAT cut extension to be approved
06:00 | 15/05/2024 Economy
Recent hike in domestic airfare in compliance with regulations aviation authorities
07:00 | 14/05/2024 Economy
VN ranks second in the world in cryptocurrency ownership rankings
06:00 | 14/05/2024 Economy
Hà Nội to implement cashless payment for administrative procedures starting June 1
07:00 | 13/05/2024 Economy
VN develops a contingent of competent entrepreneurs
10:00 | 12/05/2024 Economy
Key economic pillars show positive growth
08:00 | 12/05/2024 Economy
US puts brakes on investigation into steel rolls imported from Việt Nam
11:00 | 10/05/2024 Economy
Quảng Ninh maintains first place at 2023 PCI and PGI
07:00 | 10/05/2024 Economy
Vietnam’s economy to grow 5.5 percent in 2024: WB’s report
06:00 | 10/05/2024 Economy
Leaders pay tribute to President Ho Chi Minh to mark his 134th birthday
10:05 | 19/05/2024 News and Events
Hà Nội Metro announces profit from the Cát Linh–Hà Đông metro line
10:00 | 19/05/2024 Economy
Cement makers call for scraping of clinker export tax
09:00 | 19/05/2024 Economy
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Digital transformation in logistics - a key to unlocking sustainable e-commerce and economic development
07:00 | 19/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
Biometric verification ensures safer money transfers
17:23 | 13/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism