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Exports of computers, electronics and components accounted for about 25% of Vietnam’s total export value in the first quarter of 2026, rising 45.5% year-on-year to the equivalent of USD 9.61 billion.
Vietnam’s export momentum also accelerated in March. Exports in March 2026 reached USD 46.44 billion, up 40% from February (an increase of USD 13.27 billion), the highest level recorded to date.
In Q1 2026, total export value of goods reached USD 122.93 billion, up 19% year-on-year. Five groups increased by more than USD 500 million, including computers, electronics and components (+USD 9.61 billion) and phones and accessories (+USD 2.71 billion).
Seven groups of goods posted export values above USD 1 billion in March 2026, with all of them reaching record highs. The computers, electronics and components group led at USD 13.01 billion, while phones and accessories reached USD 5.60 billion. Combined, these two groups totaled USD 18.61 billion, accounting for 40% of the country’s total export value.
In Q1 2026, the computers, electronics and components group continued to lead. Its March export value was around USD 13 billion, lifting the quarterly export value to USD 30.72 billion, or about 25% of total exports. Compared with the same period last year, the group rose 45.5% (USD 9.61 billion).
Exports of this group in Q1 were concentrated in major markets: the United States at USD 12.36 billion (up 65.5%); China at USD 4.39 billion (up 20.7%); the EU (27) at USD 2.89 billion (up 19.6%); Hong Kong at USD 3.09 billion (up 50.2%); and Korea at USD 2.46 billion (up 24.5%).
For phones and accessories, export turnover in March 2026 reached USD 5.60 billion, up 2.1% from the previous month. Cumulatively in Q1, exports of this group reached USD 16.75 billion, accounting for about 14% of total exports and up 19.3% year-on-year (up USD 2.71 billion).
The main export markets for phones and accessories included China at USD 3.54 billion (up 30.9%); the United States at USD 2.67 billion (down 2.7%); the EU (27) at USD 2.35 billion (up 5.5%); and Korea at USD 1.82 billion (up 133% year-on-year).
As a result, the combined export value of computers and phones reached USD 47.47 billion, contributing 38.6% of Vietnam’s total export turnover.
On the import side, total imports in Q1 2026 reached USD 126.57 billion, up 27% year-on-year and the highest on record. Among 57 groups tracked, 23 groups exceeded USD 1 billion in value. The computers, electronics and components group led at USD 47.57 billion.
Imports for this group surged to USD 47.57 billion in Q1 2026, up 50.5% (equivalent to USD 15.95 billion) compared with the same period last year.
The foreign-invested enterprise (FDI) bloc accounted for nearly 62% of imports for computers, electronics and components, with import value of USD 9.55 billion, up 16.7% (an increase of USD 1.36 billion). Imports by domestic enterprises for the same group reached USD 5.95 billion, up 33.8% (an increase of USD 1.5 billion) compared with Q1 2025.
Vietnam’s largest import partners for computers, electronics and components in Q1 were China at USD 16.77 billion (up 62.2%); Korea at USD 12.72 billion (up 48.6%); Taiwan at USD 7.7 billion (up 68.7%); and Japan at USD 2.63 billion (up 32%).
Meanwhile, imports of phones and accessories in Q1 2026 reached USD 2.29 billion, down from USD 2.55 billion in the same period last year.
Source: General Department of Customs.
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