Imports-exports of goods in Viet Nam for the first two months of this year reached a high rate. Total export-import turnover in 2 months was estimated at 95.81 billion USD[1], rose by 24.5% over the same period last year, of which exports reached 48.55 billion USD, increased by 23.2%; import reached 47.26 billion USD, rose by 25.9%. The trade surplus in two months was estimated at 1.29 billion USD.
In 2 months, there were 9 items with an export turnover of over 1 billion USD, accounting for 73.8% of the total export turnover. Phones all of kinds and their parts continue to be the main export goods of Viet Nam, while many other industrial and export sectors face difficulties due to the unregulated global Covid-19 pandemic.
Percentage of some main goods for exportation of the year 2019 – 2020 (%)
As a commodity that accounts for an increasing proportion of the total export turnover, the growth of phones all of kinds and their parts has a large influence on the overall export growth of the country. If in 2010, the export of phones all of kinds and their parts only accounted for 3.2% of the total export turnover, by 2016 it accounted for 19.5%, 6 times the proportion of 2010 and always maintained at around 20%. % since then (accounting for 21.2% in 2017; 20.3% in 2018; preliminary 2019 accounting for 19.4%, estimated to be 18.1% in 2020). Phones all of kinds and their parts export leading in 6 commodity groups with turnover of over 10 billion USD of Viet Nam are: Phones all of kinds and their parts; electronic goods, computers and their parts; textiles and garments; machinery, instrument, accessory; footwear; wood and products.
Export turnover of phones all of kinds and their parts
Unit: Bill. USD
| 2010 | 2015 | 2016 | 2017 | 2018 | 2019 | Prel. 2020 | |
|---|---|---|---|---|---|---|---|
| Total export turnover | 72.2 | 162.0 | 176.6 | 215.1 | 243.7 | 264.3 | 282.7 |
| Export turnover of phones all of kinds and their parts | 2.3 | 30.2 | 34.5 | 45.6 | 49.5 | 51.4 | 51.2 |
| Percentage (%) | 3.2 | 18.7 | 19.5 | 21.2 | 20.3 | 19.4 | 18.1 |
Especially in the first 2 months of 2021, the export value of phones all of kinds and their parts was estimated at 9.3 billion USD, accounting for 19.2% of the total export turnover and increasing at a high rate of 22.8% with the same period last year. Contributing to this high growth was mainly due to the fact that the manufacturing index of electronic products, computers and optical products increased by 21.2%, of which the manufacturing of communication equipment (accounting for the majority is phones all of kinds and their parts) by 22.9%. Specifically, the output of mobile phones reached 35 million units, up 1.2%; phone component production reached 95.4 trillion VND, up 55.7%. The major export markets of this group are mainly the EU, the United States and China, in which the export of phones all of kinds and their parts to China in the first 2 months of 2021 reached nearly US $ 2.5 billion, highly increasing 103.9% over the same period last year.
In recent times, especially due to the influence of the US-China trade war, the electronics and telephone industry have had many opportunities to welcome the wave of investment from large technology corporations moving to Viet Nam. Currently, Samsung is the largest electronics and mobile phone manufacturing corporation in our country. Samsung’s global sales and output plummet in 2020 and is forecast to continue to decline in 2021 due to the negative impact of the Covid-19 pandemic on the world economy, including the electronics industry. However, Viet Nam’s electronics and telephone manufacturing industry has remained stable and gradually recovered. These are good signs, forecasting a strong growth year for the electronics industry and making great contributions to the recovery and growth target of Viet Nam in 2021.
[1] Data in February 2021 meeting by an interdisciplinary team consisting of the Ministry of Industry and Trade, the Ministry of Planning and Investment, the State Bank of Vietnam, the General Department of Customs and the General Statistics Office meeting estimates based on export, import turnover figures as of February 25, 2021 of the General Department of Customs combined with market information, the proportion and trend of export and import of goods.