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2025-07-21
In 2024, Vietnam electronics market surged, with the country importing 2.5 million tons of electronics, worth $18.5 billion. This marks a 12% growth compared to the previous year, reflecting an increasing demand for smartphones, semiconductors, and consumer electronics.
As a major electronics importer, Vietnam heavily relies on products such as smartphones and semiconductors. The growing tech industry and rising consumer demand for smart devices have made electronics one of the fastest-growing sectors in the country.
Key Electronics Imports and Exports in Vietnam
Vietnam’s top electronics imports include:
Smartphones: Representing 30% of total electronics imports, valued at over $5 billion.
Semiconductors: A crucial component for manufacturing electronics, accounting for 20% of total electronics imports.
Consumer Electronics: Items like TVs and home appliances also make up a significant portion of imports.
In terms of exports, Vietnam’s top electronics exports are:
Smartphones: With a market share of 40%, smartphones are the leading export product from Vietnam.
Computers and Parts: This category has seen 15% growth, further solidifying Vietnam’s role as a tech production hub.
Home Appliances: Products like refrigerators and air conditioners are also major export items.
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Fastest-Growing Electronics Segments
Vietnam’s electronics market has witnessed rapid growth in specific segments:
Semiconductors: Imports grew by 18% in 2024, driven by demand for smartphones, automobiles, and smart devices.
Computers and Computer Parts: A 15% growth rate highlights Vietnam’s emerging role in global tech production.
IoT (Internet of Things): This category saw 20% growth, with more consumers adopting smart homes and connected devices.
The rise of IoT technology represents a significant business opportunity for electronics suppliers, as demand for connected devices continues to rise.
Key Trading Partners for Electronics in Vietnam
Vietnam’s key suppliers for electronics are:
South Korea: Dominates the market with 22% of electronics imports.
China: Accounts for 20% of the electronics supply chain.
Japan: Holds a 14% market share in electronics imports.
For businesses looking to enter the Vietnam electronics market, partnering with these top suppliers can help streamline the supply chain and open up new market opportunities.
How to Use Trade Data to Grow Your Business
Want to gain actionable insights from Vietnam’s electronics import/export data? Tools like Tendata allow you to:
Explore Vietnam’s import/export data for electronics.
Identify the top buyers and suppliers in the market.
Track quarterly trends to optimize your business strategy.
Using data-driven insights can help businesses make smarter decisions, identify new opportunities, and build better relationships with key suppliers and buyers.
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Conclusion: Opportunities in Vietnam Electronics Market
Vietnam's electronics sector is experiencing significant growth, driven by strong demand for smartphones, semiconductors, and consumer electronics. As one of the most dynamic markets in Southeast Asia, Vietnam presents valuable opportunities for businesses looking to expand their reach in the electronics industry.
For businesses in the electronics sector, leveraging customs trade data tools like Tendata is crucial. By tapping into accurate, real-time data, you can stay ahead of market trends and make informed decisions for successful business expansion in Vietnam.
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