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Vietnam's Electronics Imports Surge Past $100 Billion in 2024

1/2/2025

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Summary

Story summary

In 2024, Vietnam celebrated a historic milestone as imports of computers, electronics, and components soared past $100 billion, a remarkable 21.4% rise from the previous year. China led the charge, supplying nearly $31.54 billion. Meanwhile, Vietnam's exports in this sector hit $71.7 billion, outpacing phone exports, but leaving a significant trade deficit of over $35.3 billion.

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Story summary

In 2024, Vietnam celebrated a historic milestone as imports of computers, electronics, and components soared past $100 billion, a remarkable 21.4% rise from the previous year. China led the charge, supplying nearly $31.54 billion. Meanwhile, Vietnam's exports in this sector hit $71.7 billion, outpacing phone exports, but leaving a significant trade deficit of over $35.3 billion.