Vietnam has rapidly evolved into one of Asia’s most powerful electronics manufacturing hubs, and nowhere is this transformation more evident than in the country’s booming smartwatch industry. What once began as a manufacturing base for garments and basic electronics has now matured into a world-class production ecosystem for high-tech devices—including smartphones, wearables, and advanced smartwatch technology.
In recent years, Vietnam smartwatch export performance has soared to unprecedented levels, driven by global supply chain diversification, strategic government policies, and massive investments from multinational tech giants. According to the latest Vietnam smartwatch export data, the country exported smartwatches worth $19.53 billion in 2024, marking a striking 20% year-on-year increase. This growth reflects Vietnam’s expanding role as a trusted manufacturing powerhouse for some of the world’s most recognized wearable brands.
With more than 73,290 tons of smartwatches exported in 2024, Vietnam is now the 4th largest smartwatch exporter globally, holding a 9.8% share of the international market. This shift signifies how the global wearable-tech industry is restructuring away from traditional production centers and toward more diversified, resilient regions like Vietnam.
Vietnam Smartwatch Export Destinations: A Global Footprint Across Continents
The global distribution of Vietnamese wearables demonstrates the scope of its reach. Based on the latest Vietnam smartwatch exports by country, key markets include the United States, Europe, Japan, and several Asian trade hubs such as Hong Kong and Taiwan. The United States alone accounts for 55% of Vietnam’s total smartwatch exports, making it the largest and most lucrative market for Vietnamese manufacturers.
Other major importers include:
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Netherlands – $1.46 billion (7.5%)
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United Kingdom – $738.84 million (3.8%)
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China – $675.85 million (3.5%)
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Czech Republic – $652.87 million (3.3%)
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Germany – $585.77 million (3%)
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South Korea – $568.33 million (2.9%)
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Japan – $390.85 million (2%)
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Hong Kong – $385.08 million (2%)
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Poland – $322.47 million (1.7%)
These figures from Vietnam customs smartwatch data reveal both direct consumer markets (e.g., USA, Germany) and distribution hubs (e.g., Hong Kong, Taiwan) that re-route Vietnamese smartwatches into global retail networks.
The geographic diversification of shipments underscores a key reality: Vietnam has become an indispensable node in international wearable-device supply chains, with production feeding consumer electronics markets worldwide.
Who Powers Vietnam’s Smartwatch Boom? A Look at the Top Manufacturers
Vietnam’s ascent in the smartwatch sector is driven by a combination of world-renowned OEMs, ODMs, and growing local players. The Vietnam smartwatch exporters database identifies the following leading manufacturers:
1. LXVN (Luxshare Precision Industry Vietnam) – $2.4 billion
The largest contributor to Vietnam smartwatch export, LXVN manufactures Apple Watch models including the Apple Watch Series 9 and Apple Watch SE. With advanced facilities in Bac Giang and Bac Ninh, LXVN handles high-complexity production for Apple’s global markets.
2. Luxshare ICT Vietnam Ltd – $900 million
Specializing in wearable PCBs, connectivity modules, and charging systems, Luxshare ICT supports both final assembly and component production. It is a major exporter of smartwatch modules to the USA, Taiwan, Hong Kong, and Europe.
3. Pegatron Vietnam – $700 million
Pegatron produces smartwatches for Google, Asus, and other global brands. Its engineering expertise and flexible production lines make it one of Vietnam’s most important electronics manufacturers.
4. GoerTek Technology Vina – $500 million
A global leader in miniature electronics, GoerTek exports fitness trackers, smart sensors, and Apple Watch components. Its share of Vietnam smartwatch export shipments continues to grow each year.
5. Goertek Vina Smart Technology – $250 million
This subsidiary supports mid-range smartwatch manufacturing and complements GoerTek’s broader wearable portfolio.
6. Samsung Electronics Vietnam – $220 million
While focused mainly on components, Samsung’s Vietnam facilities produce modules, displays, and batteries essential to smartwatch production.
These manufacturers represent over 70% of Vietnam’s total smartwatch export value, showing how strongly the industry is anchored by leading global tech partners.
Why Vietnam? Key Drivers Behind the Smartwatch Manufacturing Shift
1. Supply Chain Diversification from China
Increasing geopolitical risk and higher manufacturing costs in China have prompted Apple, Google, and other brands to shift production to Vietnam. This relocation has stimulated rapid growth in Vietnam smartwatch export capacity.
2. Competitive Labor & Advanced Industrial Zones
Vietnam offers both cost-effective labor and world-class industrial zones equipped with:
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automated assembly lines
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SMT (surface-mount technology) facilities
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precision molding and CNC machining
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robust logistics and export infrastructure
3. Trade Agreements & Tariff Advantages
Vietnam benefits from membership in CPTPP, EVFTA, and RCEP, giving exporters favorable access to major markets in the EU, Asia, and the Pacific.
4. Localization & Vertical Integration
Manufacturers in Vietnam are increasingly producing smartwatch casings, straps, PCBs, and batteries domestically. This reduces reliance on imported components and strengthens the country’s supply chain resilience.
Vietnam’s Smartwatch Export Growth: A 10-Year Journey
Yearly Vietnam smartwatch export data shows consistent double-digit growth:
| 2014 | $723 million |
| 2018 | $3.05 billion |
| 2020 | $9.64 billion |
| 2022 | $17.11 billion |
| 2024 | $19.53 billion |
The first two quarters of 2025 alone reached $8.97 billion, solidifying Vietnam’s position as a global wearable-tech leader.
Logistics Hubs & Re-Export Channels: The Global Journey of Vietnamese Smartwatches
Detailed Vietnam shipment data reveals several interesting export trends:
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Hong Kong and Taiwan act as transshipment hubs for U.S. and European markets.
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Costa Rica, while not a major consumer market, appears as a key logistics node for distribution in Latin America.
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Singapore and Malaysia serve as secondary redistribution hubs in Southeast Asia.
This logistical structure highlights the complexity and global interdependence of wearable-device supply chains.
Smartwatch Market Trends in Vietnam (2024–2025)
1. Surging Global Wearable Demand
Worldwide smartwatch demand is growing at 8–10% annually. Vietnam’s share of global production continues to rise accordingly.
2. Mid-Range Smartwatch Expansion
Brands like Huawei, Xiaomi, and Samsung are expanding mid-tier offerings for Southeast Asian consumers, driving domestic assembly growth.
3. Entry of New Brands & OEM Expansion
As more tech giants consider Vietnam for manufacturing, further investments from Google and other U.S. and European brands are expected.
4. Sustainability & ESG Initiatives
Manufacturers are adopting renewable energy and eco-friendly production processes to meet global buyer requirements.
Garmin’s Dominance in Vietnam’s Local Smartwatch Market
While Vietnam is a top global exporter, its domestic market is also booming. Garmin captured 32% of Vietnam’s smartwatch market in 2025, driven by demand for:
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fitness-tracking functionality
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health-centric wearable features
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sports and outdoor lifestyles
With over 480,000 active Vietnamese users, Garmin leads the Asia-Pacific region in customer growth.
The Road Ahead: Vietnam’s Smartwatch Export Outlook for 2025–2030
Given rising production capacity and new factory expansions by LXVN, Pegatron, and GoerTek, the Vietnam smartwatch export value is projected to surpass:
$5.5–6 billion in 2025,
growing at an anticipated CAGR of 18–20%.
Furthermore, increased local participation from companies like VinSmart could give Vietnam its own regional smartwatch brands, complementing the contract manufacturing sector.
Conclusion
Vietnam’s smartwatch manufacturing story is an exemplar of industrial transformation—one driven by investment, innovation, supply chain complexity, and global demand. The country now stands as a strategic production base for some of the world’s most advanced wearable technology, and its role is set to expand even further as the global shift toward health-focused, connected wearables accelerates.
From export giants like LXVN and Pegatron to emerging regional brands, Vietnam has become a technological powerhouse shaping the future of the global wearable-tech ecosystem. With record export figures, rising localization, and new investments on the horizon, the momentum behind Vietnam smartwatch export growth is unstoppable.
For companies seeking Vietnam shipment data, Vietnam customs smartwatch data, or detailed supplier intelligence, comprehensive datasets and live export records remain essential tools for strategic decision-making.
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