AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of corn of all kinds in the first two months of 2023 reached over 1.42 million tonnes, worth of over 477.69 million USD, the average price of 336.3 USD per tonne, down by 9.6% in volume, down by 5.3% in turnover but up by 4.8% in price compared to the first 2 months of 2022.

In February of 2023 alone, the country’s imports of corn reached 638,359 tonnes, equivalent to 215.57 million USD, the average price was 337.7 USD/tonne, down by 20.7% in volume, down by 20% in turnover, but the price increased by 0.9 % compared to January of 2023. In comparison with February of 2022, the figure increased sharply by 25.8% in volume, 31.5% in turnover and 4.5% in price.
Brazil was the main market supplying corn to Vietnam in the first two months of 2023, accounting for over 57% of the country's total corn import volume and turnover, reaching 820,119 tonnes, equivalent to nearly 272.64 million USD, the price was at 332.4 USD/tonne, a sharp increase of 242% in volume, 261.3 % in turnover and 5.6% in price over the same period of 2022.
In February of 2023 alone, the country’s imports of corn from Brazil reached 375,669 tonnes, equivalent to 125.75 million USD, with the price of at 334.7 USD/tonne, down by 19.5% in volume, down by 18.3% in turnover compared to January of 2023, the price increased slightly by 1.5%. In comparison to February of 2022, the country’s imports of corn from Brazil increased sharply by 257% in volume, 278% in turnover, and the price increased by 5.9%.
The second largest market was Argentina. In the first two months of 2023, the country’s imports of corn from Argentina reached 277,945 tonnes, equivalent to 93.26 million USD, priced at 335.5 USD/tonne, accounting for nearly 20% of the total volume and total import turnover of maize of the whole country, a sharp decrease of 66% in volume, a decrease of 65% in turnover but a slight increase of 3.2% in price compared to the first 2 months of 2022.
The next was the Indian market. In the first 2 months of 2023, the country’s imports of corn from India reached 233,789 tonnes, equivalent to 76.66 million USD, priced at 327.9 USD/tonne, accounting for over 16% of the total volume and total import turnover of corn of the country, down by 35.2% in volume, down by 31% in turnover but price increased by 6.4% over the same period last year.
CK
Source: VITIC