AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s corn imports of all kinds in the first 4 months of 2023 increased in both volume, value and price compared to the same period of 2022.

Wheat and soybean imports in the first four months of the year increased slightly in both volume and price compared to the same period last year.
Vietnam's corn imports in the first 4 months of 2023
According to the preliminary statistics figures of the General Department of Customs, corn imports of all kinds in the first 4 months of 2023 reached nearly 2.81 million tonnes, worth of nearly 950.49 million USD, the average price reached 338.3 USD/tonne, an increase 9.3% in volume, up by 11.6% in turnover and 2.1% in price compared to the first 4 months of 2022.
In April of 2023 alone reached 622,063 tonnes, equivalent to 212.02 million USD, the average price was 340.8 USD/tonne, down by nearly 19% in both volume and value compared to March of 2023, the price increased slightly by 0.3%. In comparison with April of 2022, it increased by 28.8% in volume, 21.8% in turnover but decreased by 5.4% in price.
Leading corn import markets in April and the first four months of 2023
Brazil was the main market supplying corn to Vietnam in the first 4 months of 2023, accounting for over 48.2% of the total volume and 47.6% of the total corn import turnover of the country, reaching 1.35 million tonnes, equivalent to nearly 452.08 million USD, priced at 334.2 USD/tonne, a sharp increase of 317.5% in volume, 333.6% increase in turnover and 3.9% increase in price compared to the first 4 months of 2022. The figure of April of 2023 alone reached 139,294 tonnes, equivalent to 47.39 million USD, priced at 340.2 USD/tonne, a sharp decrease of 64.6% in volume and 64% decrease in turnover compared to March of 2023, but the price increased slightly by 1.5%. In comparison with April of 2022, it increased sharply by 832.7% in volume, 812% in turnover, but the price decreased by 2.2%.
The second largest market was Argentina. In the first 4 months of 2023, the country’s imports of corn from that market reached 682,552 tonnes, equivalent to 230.82 million USD, priced at 338.2 USD/tonne, accounting for over 24% of the total volume and total corn import value of the whole country, down by 45.2% in volume, 44.7% in turnover, but prices increased slightly by 0.9% compared to the first 4 months of 2022.
India followed. In the first 4 months of 2023, the country’s imports of corn from India reached 584,847 tonnes, equivalent to 192.35 million USD, priced at 328.9 USD/tonne, accounting for over 20% of the total volume and total import turnover of corn of the whole country, increasing by 15.6 % in volume, up by 23% in turnover, and the price up by 6.4% over the same period last year.
Vietnam’s soybean imports in April and the first 4 months of 2023
In the first 4 months of 2023, the whole country imported 736,791 tonnes of soybeans, worth of over 501.59 million USD, with the average price of 680.8 USD/tonne.
According to the preliminary statistics figures of the General Department of Customs, soybean imports in April of 2023 reached 238,144 tonnes, equivalent to 155.01 million USD, the average price was 650.9 USD/tonne, up by 21% in volume and up by 16.3% of turnover compared to March of 2023, but the price decreased by 3.9%. In comparison to April of 2022, the figures increased by 18.3% in volume, increased by 6.4% in turnover but decreased by 10% in price.
Generally, in the first 4 months of 2023, the whole country imported 736,791 tonnes of soybeans, valued at over 501.59 million USD, with an average price of USD 680.8/tonne, up by 1.6% in volume, up by 4.6% in turnover and increased by 3% in price compared to the first 4 months of 2022.
Leading soybean import markets in April and the first four months of 2023
Soybean imports to Vietnam from the US market the most. In April of 2023 the country’s imports of soybean from the U.S decreased by 50.9% in volume and 51.5% in turnover compared to March of 2023, the price decreased by 1.1%, reaching 58,473 tonnes, equivalent to 39.22 million USD, with the price of 670.7 USD/tonne. Generally, in the first 4 months of 2023, soybean imports from this market reached 388,347 tonnes, equivalent to 269.65 million USD, accounting for over 52.7% of the total volume and accounting for 53.8% of the total import turnover of soybeans of the whole country, increased sharply by 62.5% in volume, 78% in turnover, and price increased by 9.6% over the same period last year.
Soybean imports from Brazil - the second largest market in the first 4 months of 2023 reached 274,823 tonnes, equivalent to 180.37 million USD, priced at 656.3 USD/tonne, accounting for over 37.3% of the total volume and accounting for 36% of the total soybean import turnover of the country, a sharp decrease of 38.2% in volume, a decrease of 39.9% in value and a decrease in price of 2.8% over the same period last year.
In addition, soybean imports from the Canadian market in the first four months of 2023 reached 38,697 tonnes, equivalent to 28.73 million USD, priced at 742.3 USD/tonne, up by 4.9% in volume, up by 16.4% in turnover and prices increased by 11% over the same period last year. The imports from Cambodia market reached 320 tonnes, equivalent to 251,300 USD, priced at 785.3 USD/tonne, down by 92% in both volume and value but up by 7.5% in price.
Vietnam’s imports of wheat in April and the first 4 months of 2023
In the first 4 months of 2023, Vietnam's imported wheat volume reached 1.65 million tonnes, equivalent to nearly 604.27 million USD, up by 6.7% in volume, up by 5.6% in turnover compared to 4 months of 2022.
According to the preliminary statistics figures of the General Department of Customs, in April of 2023, the whole country imported 441,055 tonnes of wheat, equivalent to 159.57 million USD, the average price was 361.8 USD/tonne, down by nearly 26% in both volume and turnover compared to March of 2023. As compared to April of 2022, the figure also decreased in volume, turnover and price, with corresponding reductions of 10.9%, 15.5% and 5.2%.
Generally, in the first 4 months of 2023, the country's wheat imports reached over 1.65 million tonnes, equivalent to over 604.27 million USD, up by 6.7% in volume, up by 5.6% in turnover compared with the first 4 months of 2022, the average price reached 365.2 USD/tonne, down by 1.1%.
Leading wheat import markets in April and the first four months of 2023
In April of 2023, wheat imports from the main market Australia decreased by 36.3% in volume, 37% in turnover and 1.2% in price compared to March of 2023, reaching 304,016 tonnes, equivalent to 106 .28 million USD, the price was at 349.6 USD/tonne. As compared to April of 2022, the figure increased by 21.9% in volume, increased by 8.3% in turnover but decreased slightly by 11.2% in price. For the first four months of 2023, the country’s wheat imports from Australia accounted for nearly 67.6% of the total volume and 65.7% of the total wheat import turnover of the country, with 1.12 million tonnes, equivalent to 397.08 million USD, the average price was 355 USD/tonne, up by 18.2% in volume, up by 12.6% in turnover but down by 4.7% in price compared to the first 4 months of 2022.
Besides Australia, the Brazilian market accounted for nearly 16% of the total volume and turnover, reaching 261,611 tonnes, equivalent to 95.82 million USD, the average price was 366.3 USD/tonne, down by 12.6% in volume, down by 7.2% in turnover but up by 6.2% in price compared to the first 4 months of 2022.
The next was the US market with 128,850 tonnes, equivalent to 53.69 million USD, priced at 416.7 USD/tonne, up by 23.4% in volume, up by 14.3% in turnover but down by 7.4% in price compared to the first 4 months of 2022, accounting for 7.8% of the total volume and 8.9% of the total import turnover of wheat of the country.
Wheat imports from the Canadian market reached 93,701 tonnes, equivalent to 39.46 million USD, a sharp increase of 2,051% in volume and 1.839% in turnover compared to the first 4 months of 2022.
CK
Source: VITIC