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Best wishes for your business success
2.2. Computers, electronic products and components
- Production and consumption
In 2022, domestically produced television production reached 11,252 thousand units, down 1.3% compared to 2021. The industrial production index of the manufacturing of electronic products, computers and optical products increased by 7.6% compared to 2021.
- Export:
In 2022, the export turnover of computers reached 55.53 billion USD, up 9.3% compared to 2021 and accounting for 14.96% of the total export turnover of the country. In particular, the export turnover of computers and electronic components of FDI enterprises reached over 54.6 billion USD, up 9.9% and accounting for 98.31% of the total export turnover of this item of the country.
In 2022, the main export markets of the commodity group include: the United States, China, the EU, Hong Kong, ASEAN, South Korea. Particularly, export turnover to 6 main markets has reached 46.82 billion USD, accounting for more than 84% of the total export turnover of the country's commodity group. In particular, the United States is the leading market with export turnover in 2022 reaching 15.94 billion USD, up 24.98% compared to 2021 and accounting for 28.7% of the proportion of export turnover of commodity groups. Ranked second is the Chinese market with export turnover of 11.88 billion USD, up 7.25% compared to 2021 and accounting for 21.4% of the proportion. The EU market reached 6.35 billion USD, up 7.35% over the previous year, accounting for 11.44% of export turnover.
In terms of exports, in 2022, exports are mainly components with a turnover of 36.11 billion USD, up 19.27% compared to 2021 and accounting for 65.02% of the total export turnover of commodity groups. Exports of electronics and computers reached a turnover of 19.42 billion USD, down 5.34% compared to 2021 and accounting for 34.98% of the total export turnover of commodity groups. The main exports include: microprocessors, memory, diodes - semiconductor devices, integrated circuits, displays of all kinds, laptops, tablets, printers, copiers and components.
- Assessment:
In 2022, exports of electronics, computers and components have good growth (although the growth rate slows down compared to 2021) and accounts for a high proportion of the total export turnover of goods of the country.
The electronics industry is an important industry in the national economy, it has a key position and a strong spillover effect on other industries. At the same time, it is a measure of the level of economic and technical development of every country in the world. Grasping that importance, domestic and foreign investors investing in this field are increasing, many major electronics companies in the world have invested in building high-tech electronic product production bases in Vietnam such as Samsung, LG, Foxconn, Fukang Technology, LG Display Haiphong. Computer products and electronic components are increasingly diversifying products according to domestic market demand and export.
Although Vietnam's exports in 2022 will grow quite well, Vietnam's export enterprises may face risks
decreased orders, as the global computer and component market is declining and shows no signs of recovery.
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