Vietnam now exports more electronics than sneakers and t-shirts

June 12, 2013
June 12, 2013

Samsung as we reported earlier today, is shifting more and more of its smartphone manufacturing from China to Vietnam, where labor is cheaper. And it’s worth a look at how fast that’s changed the complexion of Vietnam’s export sector in general. In recent years a surge in foreign direct investment pushed production of mobile phones and components sharply higher. Now exports of the devices account for a larger share of the country’s total exports than footwear and even textiles. Electronics exports accounted for 23% of all exports through the first five months of 2013. This great chart from JP Morgan economists lays out the story.

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