First quarter sees electric gadgets trade improve

The EU fell out from amongst the country’s largest export markets of mobile phones and components. Accordingly, the United Arab Emirates (UAE) has taken the lead with an export value of $1.12 billion, up 17.3 per cent compared to February. The runners-up are the US with $1.09 billion, Korea with $540 million, and Germany with $450 million, signifying respective increases of 107 per cent, 300 per cent and 4.7 per cent on-month.

Besides, the import value of mobile phones and components were $884.7 million, up 15.8 per cent compared to February, increasing its total import value to $2.4 billion in the first quarter of 2016.

In the first quarter, China remained in the lead amongst the largest import resources of mobile phones and components in Vietnam, with a total import value of $1.5 billion, followed by Korea with $771 million, up $39.9 million on-year.

Regarding the computers and electric units sector, in March, the total export value reached $1.42 billion, up 36.3 per cent compared to February, and increasing its total export value to $3.73 billion in the first quarter of 2016.

In the first quarter, the EU was the largest export market of computers and electric units with an export value of $921 million, up 21 per cent on-year. The runner-up is the US, with $585 million, however, export value to the US decreased 8.2 per cent on-year, signifying deteriorating trade performance.

Besides, in March, the import value of computers and electric units was $2.46 billion, up 28.4 per cent, increasing the total value in the first quarter of 2016 to $6.35 billion.

Korea remained in the lead amongst the import resources of computers and electric units in Vietnam, with a total value of $2.1 billion, up 42.2 per cent on-year, followed by China’s $1.23 billion, up 3.9 per cent, Taiwan’s $715 million, up 33.5 per cent, and Japan’s $566 million, up 4 per cent on-year.

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