AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s corn imports of all kinds in the first 6 months of 2023 reached over 3.71 million tonnes, worth of over 1.24 billion USD, the average price was 332.7 USD/tonne, down by 18.4% in volume, down by 23% in turnover and 5.7% in price compared to the first 6 months of 2022.

In June of 2023 alone, the country’s imports of corn reached 505,602 tonnes, equivalent to 155.38 million USD, the average price was 307.3 USD/tonne, an increase of 26.8% in volume and an increase of 18.3% in turnover compared to May of 2023, the price decreased by 6.7%. In comparison to June of 2022, it also dropped sharply by 49.5% in volume, 59.6% in turnover and 19.9% in price.
Brazil was the main market supplying corn to Vietnam in the first 6 months of 2023, accounting for over 37% of the country's total corn import volume and turnover, reaching 1.38 million tonnes, equivalent to nearly 459.87 million USD, with the price of 333.4 USD/tonne, increased sharply by 298.6% in volume, 307.2 % in turnover and 2.2% in price compared to the first six months of 2022.
The second largest market was Argentina. In the first 6 months of 2023, the country’s imports of corn from Argentina reached 1.1 million tonnes, equivalent to 366.3 million USD, priced at 333.1 USD/tonne, accounting for nearly 30% of the total volume and total corn import turnover the whole country, a decrease of 60.7% in volume, a decrease of 63.5% in turnover and a decrease of 7.1% in price compared to the first six months of 2022.
The next was the Indian market with 950,362 tonnes in the first 6 months of 2023, equivalent to 299.67 million USD, priced at 315.3 USD/tonne, accounting for over 25.6% of the total volume and 24.3% of the total corn import turnover of the whole country, increased by 50.4% in volume, up by 45.2% in turnover, but the price decreased by 3.5% over the same period last year.
CK
Source: VITIC