HERE'S OUR SECRET SAUCE FOR SUCCESS IN THE TELEPHONE INDUSTRY
HISTORY OF THE TELEPHONE INDUSTRY
Telephones are considered one of the
major factors that have helped to bring a revolution in the world’s economy.
The foundation of the communication age is believed to be laid in the United
States by the great R&D company name American Telephone and Telegraph.
Before the advent of the telephone,
electricity was used by people of many nations as a way of communicating with
each other. Major contributions were done by Alexander Graham Bell and Philip
Reis in the field of telephones. Slowly and steadily, telephones were adopted
by all nations after the United States, like Germany, and Europe. Telephones
became the most popular gadgets that were used to communicate.
CURRENT TELEPHONE INDUSTRY OF THE WORLD
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On comparing the telephone industry
now with its initial days, we observe a complete difference. The industry has
evolved completely. In contrast to simple telephones that were manufactured in
past, modern telephones are more advanced and feature loaded. Modern telephone
sets include telephones with cellular networks, wireless networks, WIFI functionality, and much more
stuff.
According to the statistics of 2020,
telephones are ranked as the 16th most traded commodity in the world
with a market cap of USD 125 billion which translates to almost 0.8% of total world
trade. China was the world leader for most imports and exports of telephones in
the year 2020.
TELEPHONE INDUSTRY IN VIETNAM
Telephones are considered one of the
favorite goods of Vietnam about total exports. As per the Import Export Data
of Vietnam for the year 2020, the nation exported telephones worth USD 21.7
billion.
As listed in Vietnam Import Data for
the year 2020, the major export partners of the nation were:
·
China (USD 12.65 billion)
·
South Korea (USD 3.5 billion)
·
Hong Kong (USD 1.62 billion)
·
India (USD 950 million)
·
Brazil (USD 720 million)
China, Hong Kong, and Japan were the
rapidly growing markets that imported telephones from Vietnam as listed in the Vietnam Export Data for
the year 2020.
On the other hand, Vietnam became the
3rd biggest nation in the world in terms of imports of telephones.
As per the Import Data of Vietnam for the year 2020, the nation imported
telephones worth USD 16.5 billion.
As listed in Vietnam Import Data
for the year 2020, the major import partners of the nation were:
·
South Korea (USD 9.2 billion)
·
China (USD 6.82 billion)
·
Japan (USD 180 million)
·
Singapore (USD 152 million)
·
Hong Kong (USD 86.25 million)
China, South Korea, and Japan were
the rapidly growing markets that exported telephones to Vietnam as listed in
the Vietnam Import Data for the year 2020.
OUR VERDICT
As seen, according to the latest
statistics for the year 2020, Vietnam was at the top in total imports and
exports of telephones. From this, we can state that the demand for telephones
is still there in the world, especially in China.
By seeing this trend, we can clearly
say that Vietnam Import Data and Vietnam Export Data are
dominated by imports and exports of telephones. Also, the Import Export Data
of Vietnam also depicted big numbers of telephones trade.
STAY IN TOUCH
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the Import Export Data or Global
Trade Data of any country, then get in touch with TradeImeX® Info Solution
Pvt Ltd. We are one of the best companies available online that provide 100%
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