Vietnamese people spend more than 1.6 billion USD importing iPhone

The 2022 import-export report just released by the Ministry of Industry and Trade shows that in 2022, Vietnam’s imports of phones and components will reach $21.12 billion, down 1.61% compared to 2021 and accounting for over 5 ,89% of the country’s total import turnover.

In which, the turnover of FDI enterprises reached 20.14 billion USD, down 0.9% compared to the previous year and accounted for 95.37% of the total import turnover of the commodity group.

Regarding the import market, imports from Korea and China still account for the majority of imports of phones and components. Particularly, import turnover from these two markets accounted for 92.6% of the total import turnover of this commodity group.

Regarding import categories, in 2022, Vietnam’s imports of CBU mobile phones will be worth over $3.5 billion, up 10.46% compared to 2021 and accounting for 16.57% of the total import value. group of phones and components of Vietnam.

In 2022, iPhone ranked first when accounting for 46.05% of the country’s total import turnover of CBU phones, equivalent to 1.162 billion USD.

Here, iPhone, Samsung, Oppo, Xiaomi phones are the most imported phone brands to Vietnam (accounting for 93.43%). iPhone ranked first when accounting for 46.05% of the total import turnover of complete phones of the country (US$ 1.162 billion). Samsung ranked second with an import turnover of nearly 940 million USD, Oppo more than 442 million USD…

Regarding phone components and accessories, in 2022, the import value is over 17.62 billion USD, down 3.7% compared to the same period in 2021. Components are mainly imported from other enterprises with a proportion up to more than 99%, the market share of major brands such as LG and Samsung accounts for a negligible proportion.

Vietnam produces 210 million phones

In the opposite direction, according to the Import-Export Report in 2022, all kinds of phones and components maintained the first position, which is the group of goods that accounts for the highest proportion in the total export turnover of the country.

According to the report, in 2022, the number of phones manufactured in Vietnam is estimated at about 210.5 million units, down 9.1% compared to 2021. The production value of phone components is about 663,700 billion VND, an increase of 15.1% compared to 2021.

Vietnam to produce 210 million phones in 2022

Also according to the report in 2022, the export turnover of phones and components reached 57.99 billion USD, up 0.81% compared to 2021 and accounting for 15.62% of the total export turnover of goods nationwide. In which, the turnover of FDI enterprises reached 57.8 billion USD, increased by 1.35% compared to the previous year and accounted for 99.67% of export turnover of the commodity group.

In terms of categories, the export of CBU phones reached $33.32 billion, up 0.67% compared to 2021, accounting for 57.4% of the total export value of the product group. In which, the export of Samsung phones reached over 31.42 billion USD, accounting for 95% of the total export turnover of CBU phones of the whole country.

Regarding the export of phone components and accessories, reached over 24.67 billion USD, up 1% compared to 2021. In which, the export of other components accounted for the main proportion with a turnover of more than 20 billion USD, accounting for 98%, exports of components from Samsung, LG, Asus, and iPhone make up a negligible proportion.

In 2022, the main export markets of phones and components are: China, USA, EU, Korea, UAE, Hong Kong (China) China is Vietnam’s largest export market with export turnover in 2022 will reach 16.3 billion USD, up 7.1% compared to 2021. The second is the US market with a turnover of 11.9 billion USD.