Q2 Smartphone Imports From Vietnam Soared 43.8% YoY

U.S. importers sourced 45.96 million smartphones from all countries in the second quarter, said Census data accessed through the International Trade Commission’s DataWeb portal. The volume was down 2.9% quarter on quarter but up 3.2% year over year. The average second-quarter smartphone import had a customs value of $328.72, a 2.2% dip from Q1 but a 17.1% rise from the 2021 quarter. Q2 shipments from China declined 4.6% quarter on quarter to 34.33 million, and dropped 4.2% year over year. The average Q2 Chinese smartphone import was worth $322.92, down 6.8% from Q1 but 12.5% higher year over year. Q2 shipments from Vietnam soared to 9.39 million handsets, up 3.1% from Q1 and 43.8% higher than in 2021's second quarter. Vietnamese smartphones moved considerably more upmarket in recent quarters, DataWeb shows. The average Q2 import from Vietnam was worth $366.60. That was 12.1% higher than the average in Q1, and 56.9% costlier than in Q2 a year earlier.