AsemconnectVietnam - In the first 7 months of 2023, the whole country's wheat imports reached over 2.81 million tonnes, equivalent to over 1 million USD, up by 8.7% in volume, up by 2.9% in turnover compared to 7 months of 2022.

According to the preliminary statistics figures of the General Department of Customs, in July 2023, the whole country imported 334,021 tonnes of wheat, equivalent to 111.13 million USD, the average price was 332.7 USD/tonne, down by 25.3% in volume and decreased by 26% in turnover compared to June of 2023 and the price decreased by 1%. In comparison to July of 2022, it also decreased by 2% in volume, decreased by 21% in turnover and decreased by 19.6% in price.
Generally, in the first seven months of 2023, the whole country's wheat imports reached over 2.81 million tonnes, equivalent to over 1 million USD, up by 8.7% in volume, up by 2.9% in turnover compared to the first 7 months of 2022, the average price reached 356.4 USD/tonne, down by 5.4%.
In July of 2023, Vietnam’s wheat imports from the main market Australia decreased by over 21% in both volume and value compared to June of 2023, the price also decreased by 0.3%, reaching 328,899 tonnes, equivalent to 109.03 million USD, the price was at 331.5 USD/tonne. In comparison with July of 2022, it increased by 8.7% in volume, but decreased by 12.3% in turnover and decreased by 19.4% in price. For the whole 7 months of 2023, wheat imports from the Australian market, accounting for 75.5% of the total volume and 73.5% of the total wheat import turnover of the whole country, reached nearly 2.13 million tonnes, equivalent to 737.04 million USD, the average price was 346.8 USD/tonne, up by 17.4% in volume, up by 7.2% in turnover but down by 8.7% in price compared to 7 months of 2022.
Behind Australia's main market was Brazil, accounting for nearly 9.3% of the total volume and 9.6% of the total turnover, reaching 261,611 tonnes, equivalent to 95.82 million USD, with an average price of 366.3 USD/tonne, down by 19% in volume, down by 14.9% in turnover but up by 5% in price compared to 7 months of 2022.
The imports from the US market reached 172,245 tonnes, equivalent to 70.51 million USD, priced at 409.4 USD/tonne, increased strongly by 35.5% in volume, increased by 21.5% in turnover but decreased by 10.4% in price compared to the same 7 months of 2022, accounting for 6% of the total volume and 7% of the total import turnover of wheat of the country.
Wheat imports from the Canadian market reached 165,986 tonnes, equivalent to 68.91 million USD, a sharp increase of 3,000% in volume and 2,603% in turnover compared to 7 months of 2022.
CK
Source: VITIC