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Vietnamese spend $1.6 billion on importing iPhones

The 2022 Import and Export Report released by the Ministry of Industry and Trade on April 27th mentioned the above information.
In 2022, the import value of original mobile phones exceeded 3.5 billion US dollars, an increase of 10.46% compared to 2021, accounting for 16.57% of Vietnam's total imports of mobile phones and components.

IPhone, Samsung, Oppo, and Xiaomi are the most imported brands in Vietnam, accounting for 93.43%. The iPhone alone accounts for 46.05% of the total import of original mobile phones in Vietnam.
Specifically, the import value of iPhones is $1.61 billion (an increase of 30.58% compared to 2021), Samsung phones are $939 million, and Oppo phones are $442 million.

In 2022, the import volume of mobile phone parts in Vietnam exceeded 17.62 billion US dollars, a decrease of 3.7% compared to the same period in 2021.

Vietnam mainly imports components from other enterprises, with a specific weight of over 99%; The market share of major companies such as LG and Samsung is negligible.
By comparison, in 2022, the export value of mobile phones and components was approximately 58 billion US dollars, an increase of 0.81% compared to 2021, accounting for 15.62% of the total national commodity exports.
In terms of type, the export of original mobile phones reached 33.32 billion US dollars, an increase of 0.67% compared to 2021, accounting for 57.4% of the total export volume of the commodity group.

In 2022, the main export markets of the mobile phone and parts group are China, the United States, the European Union, South Korea, the United Arab Emirates, and Hong Kong (China).

China is Vietnam's largest export market, with an export value of 16.3 billion US dollars in 2022, an increase of 7.1% compared to 2021, accounting for 28% of the group's total imports. The second largest market is the United States, with a revenue of 11.9 billion US dollars, an increase of 22.5%, accounting for 20.5% of total exports.
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