AsemconnectVietnam - In the first quarter of 2023, Vietnam’s wheat imports reached 1.21 million tonnes, equivalent to over 444.71 million USD, up by 14.8% in volume, up by 15.8% in turnover compared to the first quarter of 2022.

According to the preliminary statistics figures of the General Department of Customs, in March of 2023, the whole country imported 593,229 tonnes of wheat, equivalent to 215.37 million USD, the average price was 363 USD/tonne, a sharp increase of 54.5% in volume, increased by 50.8% in turnover but decreased by 2.4% in price compared to February of 2023. In comparison to March of 2022, it also increased by 23.4% in volume, increased by 22.3% in turnover but decreased by 0.9% in price.
Generally in the first quarter of 2023, the country's wheat imports reached 1.21 tonnes, equivalent to over 444.71 million USD, up by 14.8% in volume, up by 15.8% in turnover compared to the same quarter of 2022, the average price reached 366.4 USD/tonne, up by 0.9%. In March of 2023, wheat imports from the main market, Australia increased sharply by 112.9% in volume and 109% in turnover, but decreased by 1.8% in price compared to February of 2023, reaching 477,225 tonnes, equivalent to 168.92 million USD, priced at 354 USD/tonne. In comparison with March of 2022, it also increased by 30.4% in volume, increased by 24.5% in turnover but slightly decreased by 4.5% in price. For the whole first quarter of 2023, wheat imports from the Australian market accounted for nearly 68% of the total volume and accounting for 65.4% of the total wheat import turnover of the country, reaching 814,288 tonnes, equivalent to 290.82 million USD, average price reached 357.2/tonne, up by 16.8% in volume, up by 14.2% in turnover but down by 2.2% in price compared to the first quarter of 2022.
Besides Australia's main market, Brazil accounted for nearly 22% of the total volume and total turnover, reaching 261,611 tonnes, equivalent to 95.82 million USD, the average price was 366.3 USD/tonne, a sharp increase in both volume, price turnover compared to the first quarter of 2022, with an increase of 36.2%, 47.3% and 8.2% respectively.
The next was the US market with 72,319 tonnes, equivalent to 31.41 million USD, priced at 434.3 USD/tonne, down by 6.8% in volume, down by 9.9% in turnover and down by 3.4% in price compared to the first quarter of 2022, accounting for 6% of the total volume and 7% of the total import turnover of wheat of the country.
Wheat imports from the Canadian market reached 42,615 tonnes, equivalent to 18.25 million USD, increased sharply by 878% in volume and 797% in turnover compared to the first quarter of 2022.
CK
Source: VITIC