The country has established itself as one of the biggest global electronics traders in the market by the huge production capabilities of the industries and electronic companies in the nation like Samsung, LG, and Intel, which have set up factories resulting in the growing import demands of electronics.

The growing middle-class population of the nation and the increasing industrial necessity of electronics have resulted in a significant share of 30% of the total annual revenue. The electronic import industry dominated by the import of telecommunication equipment with a substantial contribution from others has led to an import trade value of 58 billion US dollars.

Top 10 Electronics and Equipment Import of Vietnam in 2023

The growing domestic demands of industrial necessities for Electronics and equipment have led to a wide variety of electronics import in Vietnam. As per the Vietnam Import Data, the top 10 electronics imports of Vietnam are discussed below,

• Integrated Circuits – Valuation of Integrated Circuits import in Vietnam 2023 – 11 billion US dollars.

• Computers – Valuation of Computers import in Vietnam 2023 – 10 billion US dollars.

• Mobile Phones – Valuation of Mobile Phones import in Vietnam 2023 – 9 billion US dollars.

• Broadcasting Equipment – Valuation of Broadcasting Equipment import in Vietnam 2023 – 7 billion US dollars.

• Office Machine parts – Valuation of Office Machine parts import in Vietnam 2023 – 5 billion US dollars.

• TV Receivers – Valuation of TC Receivers import in Vietnam 2023 – 4.8 billion US dollars.

• Solar Panels – Valuation of Solar Panels import in Vietnam 2023 – 3.5 billion US dollars.

• Air Conditioners – Valuation of Air Conditioners import in Vietnam 2023 – 2.5 billion US dollars.

• Electric Motors – Valuation of Electric Motors import in Vietnam 2023 – 2 billion US dollars.

• Video Recording Equipment – Valuation of Video Recording Equipment import in Vietnam 2023 – 1.5 billion US dollars.

Top 10 Vietnam Import Partners for Electronics and Equipment Import

To fulfill the increasing domestic demands, Vietnam has started importing electronics from top traders with favorable trade rates. As per the Vietnam Import Customs Shipment Data, the country’s providing electronics to Vietnam at an affordable price are discussed below,

• China – According to the China Export Data, the valuation of electronics and equipment imported in Vietnam from China in 2023 – 25 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated Circuits/Micro assemblies
2. Flat Panel Displays
3. Phone Devices
4. Electric Storage Batteries
5. TV/Radio/Radar Device Parts

• South Korea – According to the South Korea Export Data, the valuation of electronics and equipment imported in Vietnam from South Korea in 2023 – 20 billion US dollars.

Electronics and Equipment Import Variations

1. Semiconductors
2. Cell phones and related accessories
3. Computers and related parts
4. Integrated circuits
5. Electronic capacitors and resistors

• Japan – According to the Japan Export Data, the valuation of electronics and equipment imported in Vietnam from Japan in 2023 – 18 billion US dollars.

Electronics and Equipment Import Variations

1. Electrical capacitors
2. Insulated wires and cables
3. Electrical transformers and static converters
4. Interchangeable tools for hand or machine tools
5. Ball or roller bearings

• Singapore – According to the Singapore Export Data, the valuation of electronics and equipment imported in Vietnam from Singapore in 2023 – 15 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated Circuits
2. Telecommunication Equipment
3. Electrical Machinery
4. Computers and Office Equipment
5. Semiconductor Manufacturing Equipment

• Thailand – According to the Thailand Export Data, the valuation of electronics and equipment imported in Vietnam from Thailand in 2023 – 10 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated circuits
2. Flat panel displays
3. Electric storage batteries
4. Insulated wire and cable
5. Telecommunication equipment

• Taiwan – According to the Taiwan Export Data, the valuation of electronics and equipment imported in Vietnam from Taiwan in 2023 – is 8 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated circuits and microassemblies
2. Flat-panel displays
3. Electric storage batteries
4. Printed circuits
5. Insulated wire and cable

• Malaysia – According to the Malaysia Export Data, the valuation of electronics and equipment imported in Vietnam from Malaysia in 2023 – 6 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated Circuits
2. Electric Capacitors and Resistors
3. Semiconductors
4. Electronic Transistors
5. Insulated Wires and Cables

• Germany – According to the Germany Export Data, the valuation of electronics and equipment imported in Vietnam from Germany in 2023 – 5 billion US dollars.

Electronics and Equipment Import Variations

1. Electrical machinery
2. Semiconductors and integrated circuits
3. Electrical transformers
4. Medical equipment
5. Precision instruments

• United States – According to the USA Export Data, the valuation of electronics and equipment imported in Vietnam from the United States in 2023 – 4 billion US dollars.

Electronics and Equipment Import Variations

1. Telecommunications Equipment
2. Computers and Accessories
3. Electronic Components
4. Electrical Machinery
5. Consumer Electronics

• Netherlands – According to the Netherlands Export Data, the valuation of electronics and equipment imported in Vietnam from the Netherlands in 2023 – 3 billion US dollars.

Electronics and Equipment Import Variations

1. Integrated Circuits and microassemblies
2. Flat Panel Displays
3. Electrical Batteries
4. Telecommunication Equipment
5. Other Electrical Machinery

Why Vietnam Import Electronics and Equipment in 2023?

According to the Vietnam Trade Data, the 5 key factors that justify the statement of the reasons behind the higher imports of electronics and equipment in 2023 are discussed below,

1. Growing Industrialization – The evolution in the industrial sectors is leading to higher demands of electronics facilitating the import trade rate of electronic equipment.

2. Higher Growth of Consumer Market – The growing middle-class population and its increasing demand for modern electronics are significant reasons behind the growing imports of electronics in Vietnam.

3. Revolutionary technology – The advancement in technology i.e. the use of different tech-equipped products for efficient productivity in industries demands higher electronics import in Vietnam.

4. Integration to Supply Chain – The favorable trade agreement signed by the trade management authorities of Vietnam with top traders has encouraged different nations to shift their trade destination to Vietnam.

5. Planning for Infrastructure development – The government planning for the evolution of the infrastructure for easing the transportation of goods over the seas demands higher imports of electronics.

FAQ’s

Que. What is the top electronics and equipment import of Vietnam in 2023?
Ans. Integrated Circuits are the top electronics and equipment import of Vietnam in 2023.

Que. What is the import trade valuation of electronics and equipment imported from Vietnam in 2023?
Ans. The import trade valuation of electronics and equipment imported from Vietnam in 2023 is 58 billion US dollars.

Que. Where can you get a detailed trade analysis of electronics and equipment imports in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of electronics and equipment imports in 2023.

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