AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s corn imports in the first quarter of 2023 reached nearly 2.19 million tonnes, worth of over 738.5 million USD, the average price was 337.6 USD/tonne, up by 4.8 % in volume, 9% in turnover and 4% in price compared to the first quarter of 2022.

In March alone, the figure reached 767,359 tonnes, equivalent to 260.65 million USD, the average price was 339.7 USD/tonne, an increase of over 20% in both volume and value compared to February of 2023, the price also increased by 0.6%. In comparison with March of 2022, the figure increased sharply by 48.8% in volume, 50.4% in turnover and 1.1% in price.
Brazil was the main market supplying corn to Vietnam in the first quarter of 2023, accounting for over 55.5% of the total volume and 54.8% of the total corn import turnover of the country, reaching 1.21 million tonnes, equivalent to nearly 404.69 million USD, priced at 333.5 USD/tonne, increased sharply by 292.6% in volume, 308.5% in turnover and 4% in price compared to the first quarter of 2022. In March alone, the figure reached 393,397 tonnes, equivalent to 131.87 million USD, priced at 335.2 USD/tonne, an increase of nearly 5% in both volume and turnover, the price increased slightly by 0.1% compared with February of 2023. In comparison with March of 2022, it increased sharply by 467.3% in volume, 458.8 % in turnover, but the price decreased by 1.5%.
The second largest market was India. In the first quarter of 2023, it reached 422,841 tonnes, equivalent to 140.54 million USD, priced at 332.4 USD/tonne, accounting for over 19% of the total volume and total import turnover of corn of the whole country, down by 16.4% in volume, down by 9.8% in turnover, but the price increased slightly by 7.8% compared to the first quarter of 2022.
The next was the Argentine market. In the first quarter of 2023, the figure reached 405,962 tonnes, equivalent to 135.85 million USD, priced at 334.7 USD/tonne, accounting for over 18% of the total volume and total import turnover of corn of the whole country, a sharp decrease 58 % in volume, down by 57.4% in turnover but price increased by 1.5% over the same period last year.
CK
Source: VITIC