AsemconnectVietnam - In the first two months of 2023, the country's wheat imports reached 620,547 tonnes, equivalent to over 229.33 million USD, up by 6.5% in volume, up by 9.2% in turnover over the same period of 2022.

According to the preliminary statistics figures of the General Department of Customs, in February of 2023, Vietnam imported 384,070 tonnes of wheat, equivalent to 142.8 million USD, the average price was 371.8 USD/tonne, a sharp increase of 62.4% in terms of volume, an increase of 65% in turnover and an increase of 1.6% in price compared to January of 2023. In comparison to February of 2022, it also increased by 55.2% in volume, increased by 51.2% in turnover but decreased by 2.6% in price.
Generally in the first 2 months of 2023, the country's wheat imports reached 620,547 tonnes, equivalent to over 229.33 million USD, up by 6.5% in volume, up by 9.2% in turnover compared to the same period of 2022, the average price reached 369.6 USD/tonne, up by 2.5%.
In February of 2023, wheat imports from the main market Australia increased sharply by 98.6% in volume and 96.8% in turnover, but decreased by 0.9% in price compared to January of 2023, reaching 224,188 tonnes, equivalent to 80.84 million USD, the price was at 360.6 USD/tonne. In comparison to February of 2022, it also increased by 102% in volume, 104% in turnover and slightly increased by 0.9% in price.
Generally for the first two months of 2023, wheat imports from the Australian market accounted for nearly 54.3% of the total volume and accounted for 53.2% of the country's total wheat import turnover, reaching 337,064 tonnes, equivalent to 121.9 million USD, the average price was 361.7 USD/tonne, up by 1.7% in volume, 2.4% in turnover and 0.7% in price compared to the first two months of 2022.
Besides Australia's main market, Brazil accounted for over 34% of the total volume and total turnover, reaching 212,891 tonnes, equivalent to 78.48 million USD, the average price was 368.6 USD/tonne, increasing sharply in volume, turnover and price compared to the first 2 months of 2022, with an increase of 114.3 %, 141% and 12.5% respectively.
The next was Canadian market with 40,287 tonnes, equivalent to 17.23 million USD, priced at 427.6 USD/tonne, a very strong increase of 1.744% in volume, up by 1.634% in turnover but down by 5.9% in price over the same period last year, accounting for 6.5% of the total volume and 7.5% of the total import turnover of wheat of the country.
The imports of wheat from the US market only reached 8,031 tonnes, equivalent to 3.52 million USD, a sharp decrease of over 89% in both volume and turnover compared to the first 2 months of 2022.
CK
Source: VITIC