According to a report released last week by the Vietnamese Ministry of Industry and Trade, Vietnam’s import turnover of CBU phones in 2022 was more than 3.5 billion USD, up 10.46% compared to 2021, accounting for 16.57% of the country’s total import value of phones and phone components.

iPhone, Samsung, Oppo, and Xiaomi phones were the most imported brands, accounting for 93.43%. The iPhone accounted for 46.05% of the total import turnover of mobile phones.

iPhone imports saw the most significant growth rising 46 per cent to $1.16 billion. Samsung phones came in second at $940 million and Oppo was third at $442 million.

Imports of phone components stood at over $17.6 billion in 2022, down 3.7 per cent compared to 2021.

Imports from the Republic of Korea (RoK) and China accounted for the majority of the country’s imports related to phones and components. The import turnover from RoK and China accounted for 92.6 per cent of the total import turnover of this commodity group.

The report also announced that the number of domestically-produced phones reached 210.5 million, a slide of 9.1 percent compared to 2021. The production value of phone components reached VND663 trillion, up 15.1 percent against 2021.

According to the report, exports of phones and components reached a turnover of $58 billion, an increase of 0.8 per cent against 2021, and accounted for 15.6 per cent of the country’s total export turnover. Export turnover of FDI enterprises reached $57.8 billion, an increase of 1.4 per cent from 2021, accounting for 99.7 per cent of this commodity group.

It was reported that exports of CBU phones reached $33.3 billion, up 0.7 per cent compared to 2021, accounting for 57.4 per cent of the total export turnover of this commodity group. Exports of Samsung phones earned over $31.4 billion, accounting for 95 per cent of the country’s total export turnover of CBU phones.

Meanwhile, exports of phone components and accessories also reached over $24.7 billion, up 1 per cent compared to 2021.

Last year, the key export markets for mobile phones and components were China, the US, the EU, RoK, the UAE, and Hong Kong (China). Mainland China is Vietnam's largest export market with a turnover of $16.3 billion, up 7.1 per cent compared to 2021. It was followed by the US with a turnover of $11.9 billion. 

Luong Bang