AsemconnectVietnam - In the first 2 months of 2023, the whole country imported 301,876 tonnes of soybeans, worth nearly 213.33 million USD, with an average price of 706.7 USD/tonne.

According to the preliminary statistics figures of the General Department of Customs, Vietnam’s soybean imports in February of 2023 reached 233,149 tonnes, equivalent to 167.17 million USD, the average price was 717 USD/tonne, an increase of 239.4% in volume and 262.2% in turnover compared to January of 2023, the price increased by 6.7%. In comparison to February of 2022, the figure was 24% increase in volume, 42% increase in turnover and 14.5% increase in price.
In the first 2 months of 2023, the whole country imported 301,876 tonnes of soybean, worth of nearly 213.33 million USD, the average price was 706.7 USD/tonne, down by 19% in volume, down by 7.3% in turnover but increasing 14.5% in price over the same period in 2022. The US market was leading the list of the country’s soybean import markets. In February of 2023, the country’s imports of soybean from the U.S increased sharply by 172.6% in volume and 199% in turnover compared to January of 2023, the price increased by 9.7%, reaching 154,190 tonnes, equivalent to 112.13 million USD, priced at 727.2 USD/tonne. In general, in the first 2 months of 2023, soybean imports from this market reached 210,754 tonnes, equivalent to 149.63 million USD, accounting for nearly 69.8% of the total volume and accounting for 70% of the total soybean import turnover of the country.
Soybean imports from Brazil - the second largest market in the first two months of 2023 reached 66,085 tonnes, equivalent to 45.54 million USD, priced at 689 USD/tonne, accounting for over 21% of the total volume and total import turnover of the country, fell sharply by 68.5% in volume, down by 65% in value but the price increased by 11% over the same period last year.
In addition, soybean imports from the Canadian market in the first 2 months of 2023 reached 20,226 tonnes, equivalent to 14.82 million USD, priced at 732.5 USD/tonne, down by 23.3% in volume, down by 13.4% in turnover but the price increased by 13% over the same period last year. The imports from Cambodia market reached 220 tonnes, equivalent to 171,300 USD, priced at 778.6 USD/tonne, down by over 93% in both volume and value but up by 8.7% in price.
CK
Source: VITIC