AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, the imports of corn of all kinds in the first seven months of 2023 reached nearly 4.28 million tonnes, valued at over 1.4 billion USD, the average price was 328 USD/tonne, down by 16.8 % in volume, down by 23.4% in turnover and by 7.9% in price compared to 7 months of 2022.

In July of 2023 alone, the country’s imports of corn reached 597,439 tonmes, equivalent to 176.91 million USD, the average price was 296.1 USD/tonne, up by 18.2% in volume and up by 13.9% in turnover compared to June of 2023, but the price fell by 3.6%. In comparison with July of 2022, the country’s imports of corn increased slightly by 0.6% in volume, but decreased by 21.5% in turnover and decreased by 22% in price.
Brazil was the main market supplying corn to Vietnam in the first seven months of 2023, accounting for 32.3% of the total volume and 32.8% of the total corn import turnover of the country, reaching 1.38 million tonnes, equivalent to nearly 459.87 million USD, priced at 333.4 USD/tonne, a sharp increase of 257.2 % in volume, 259.9% increase in turnover and 0.8% increase in price compared to 7 months of 2022.
The second largest market was Argentina, with 1.38 million tonnes in the 7 months of 2023, equivalent to 451.67 million USD, priced at 326.4 USD/tonne, accounting for 32.4% of the total volume and accounting for 32.2% of the total corn import turnover of the country, down by 56.6% in volume, down by 60.8% in turnover and 9.8% in price compared to the first seven months of 2022.
The next was the Indian market. In the first 7 months of 2023, the country’s imports of corn from India reached 1.13 million tonnes, equivalent to 349.78 million USD, priced at 310.4 USD/tonne, accounting for 26.3% of the total volume and 24.9% of the total corn import turnover of the whole country, increased by 77.2% in volume, increased by 68.3% in turnover, but the price decreased by 5% over the same period last year.
CK
Source: VITIC