AsemconnectVietnam - In the first 6 months of 2023, Vietnam's imported wheat volume reached over 2.48 million tonnes, equivalent to over 892.14 million USD, up by 10.4% in volume, up by 6.9% in turnover compared the same period of 2022.

According to the preliminary statistics figures of the General Department of Customs, in June of 2023, the whole country imported 447,051 tonnes of wheat, equivalent to 150.23 million USD, the average price was 336 USD/tonne, an increase of 18% in volume and by 1.4% of turnover compared to May of 2023, but the price decreased by 14%. In comparison with June of 2022, it increased sharply by 45.5% in volume, increased by 31.3% in turnover but decreased by 9.8% in price.
Generally in the first 6 months of 2023, the country's wheat imports reached over 2.48 million tonnes, equivalent to over 892.14 million USD, up by 10.4% in volume, up by 6.9% in turnover compared to in the first 6 months of 2022, the average price reached 359.6 USD/tonne, a slight decrease of 3.1%.
In June of 2023, the country’s wheat imports from the main market Australia increased sharply by 52.4% in volume, up by 29.3% in turnover but decreased by 15.2% in price compared to May of 2023, reaching 416,369 tonnes, equivalent to 138.48 million USD, the price was at 332.6 USD/tonne. In comparison with June of 2022, the figure also increased 54.2% in volume, increased 37.2% in turnover but decreased 11% in price. For the whole 6 months of 2023, wheat imports from the Australian market accounted for 72.4% of the total volume and 70.4% of the total wheat import turnover of the whole country, reaching nearly 1.8 million tonnes, equivalent to 628.17 million USD, the average price was 349.7 USD/tonne, up by 19.2% in volume, up by 11.6% in turnover but down by 6.4% in price compared to the first 6 months of 2022.
Besides Australia's main market, Brazil accounted for nearly 11% 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 19% in volume, down by 14.9% in turnover but up by 5% in price compared to the first 6 months of 2022.
The next was the US market with 171,616 tonnes, equivalent to 70.28 million USD, priced at 409.5 USD/tonne, a sharp increase of 60.9% in volume, 46.7% increase in turnover but a decrease of 8.8% in price compared to the same period of 2022, accounting for 6.9% of the total volume and 7.9% of the total import turnover of wheat of the country.
Wheat imports from the Canadian market reached 161,692 tonnes, equivalent to 67.13 million USD, a sharp increase of 3,228% in volume and 2,849% in turnover compared to the first 6 months of 2022.
CK
Source: VITIC