AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of corn of all kinds in the first 9 months of 2023 reached over 6.51 million tonnes, worth of over 2.03 billion USD.

While the country’s imports of wheat reached over 3.32 million tonnes, equivalent to over 1.16 billion USD.
Also in the first 9 months of 2023, Vietnam imported over 1.47 million tonnes of soybeans, worth of over 934.98 million USD.
Vietnam’s corn imports in September and the first 9 months of 2023
According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of corn of all kinds in the first 9 months of 2023 reached over 6.51 million tonnes, worth of over 2.03 billion USD, the average price reached 312 USD/tonne, down by 2.3% in quantity, down by 14.3% in turnover and down by 12.3% in price compared to the first 9 months of 2022.
In September of 2023 alone, the figure reached 1.16 million tonnes, equivalent to 318.12 million USD, the average price was 274 USD/tonne, an increase of 8% in volume and 2.5% increase in turnover compared to August of 2023, but the price decreased by 5.1%. In comparison to September of 2022, it increased sharply by 45.2% in volume, increased by 15% in turnover but decreased by 20.7% in price.
Leading corn import markets in September and the first nine months of 2023
Argentina was the largest market supplying corn to Vietnam in the first 9 months of 2023, accounting for over 37.4% of the total volume and 36.9% of the country's total corn import turnover, reaching 2.43 million tonmes, equivalent to over 748.91 million USD, the price was at 307.6 USD/tonne, a sharp decrease of 43.4% in volume, 51.4% decrease in turnover and 14.2% decrease in price compared to the first 9 months of 2022.
The second largest market was Brazil. In the first 9 months of 2023, the country’s imports of corn from Brazil reached 2.3 million tonnes, equivalent to 720.48 million USD, priced at 313.9 USD/tonne, accounting for over 35% of the total volume and total import turnover of corn of the whole country, a sharp increase of 384.6% in volume, an increase of 355.5% in turnover but a slight decrease in price of 6% compared to the first 9 months of 2022.
The next was the Indian market. In the first 9 months of 2023, the country’s imports of corn from India reached 1.18 million tonnes, equivalent to 365.87 million USD, priced at 309.8 USD/tonne, accounting for over 18% of the country's total corn import volume and turnover, increased 74% in volume, increased 63.5% in turnover, but price decreased 6.1% over the same period last year.
Vietnam’s imports of wheat in September and the first nine months of 2023
In the first 9 months of 2023, Vietnam’s imports of wheat reached over 3.32 million tonnes, equivalent to over 1.16 billion USD.
According to the preliminary statistics figures of the General Department of Customs, in September of 2023 the country imported 225,376 tonnes of wheat, equivalent to 69.19 million USD, the average price reached 307 USD/tonne, a decrease in volume, turnover and price compared to August of 2023, with a corresponding decrease of 37.5%, 39.8% and 3.7%. In comparison to September of 2022, it was down by 37.3% in volume, down by 54.4% in turnover and down by 27.3% in price.
In the first 9 months of 2023, the country's imports of wheat reached 3.32 million tonnes, equivalent to over 1.16 billion USD, up by 2.6% in volume, but down by 6.6% in turnover compared to the same period last year, the average price reached 349.4 USD/tonne, down by 9%.
Leading wheat import markets in September and the first nine months of 2023
In September of 2023, wheat imports from the main market Australia continued to increase 6.8% in volume, 4.4% in turnover but decreased 2.2% in price compared to August of 2023, reaching 168,517 tonnes, equivalent to 52.02 million USD, the price was at 308.7 USD/tonne. In comparison to September of 2022, it was down by 43.3% in volume, down by 56.6% in turnover and down by 23.5% in price. For the whole 9 months, wheat imports from the Australian market accounted for 73.2% of the total volume and 71.8% of the country's total wheat import turnover, reaching 2.43 million tonnes, equivalent to 833.94 million USD, the average price was 343 USD/tonne, up by 1.5% in volume, but down by 9.6% in turnover and down by 10.9% in price compared to the same period of 2022.
The next was the US market, accounting for 7.9% of the total volume and 8.9% of the total turnover, reaching 262,792 tonnes, equivalent to 103.43 million USD, the average price of was 393.6 USD/tonne, an increase of 38% % in volume, up by 14.6% in turnover but down by 17% in price compared to the same period of 2022
Brazilian market ranked third with 261,611 tonnes, equivalent to 95.82 million USD, the price was at 366.3 USD/tonne, down by 19% in volume, down by 14.9% in turnover but up by 5% in price over the same period last year, accounting for 7.9% of the total volume and 8.3% of the country's total wheat import turnover.
Vietnam’s soybean imports in September and the first 9 months of 2023
In the first 9 months of 2023, Vietnam imported over 1.47 million tonnes of soybeans, worth of over 934.98 million USD, the average price was 635.4 USD/tonne.
According to the preliminary statistics figures of the General Department of Customs, soybean imports in September of 2023 reached 97,006 tonnes, equivalent to 58.24 million USD, the average price was 600.4 USD/tonne, down by 41.6% in volume and turnover decreased by 39.7% compared to August of 2023, but the price increased by 3.2%. In comparison to September of 2022, it also decreased by 14.9% in volume and 27.3% in turnover and price decreased by 14.5%.
In the first 9 months of 2023, the whole country imported over 1.47 million tonnes of soybean, worth of over 934.98 million USD, the average price was 635.4 USD/tonne, up by 5.3% in volume, but down by 4.5% in turnover and 8.9% decrease in price compared to the first 9 months of 2022.
Leading soybean import markets in September and the first nine months of 2023
Brazilian market was leading the list of Vietnam’s main soybean import markets. In September of 2023, the country’s imports of soybean from Brazil decreased sharply by 53.3% in volume and decreased by 52.8% in turnover compared to August of 2023, the price increased slightly by 1%, reaching 66,828 tonnes, equivalent to 38.24 million USD, the price was 572.2 USD/tonne. Overall, in the first 9 months of 2023, soybean imports from this market reached 802,311 tonnes, equivalent to 477.49 million USD, accounting for 54.5% of the total volume and 51.1% of the total soybean import turnover of the country, down by 7.7% in volume, down by 21.7% in turnover, and the price was down by 15.2% over the same period last year.
Soybean imports from the US market - the second largest market in the first 9 months of 2023 reached 521,360 tonnes, equivalent to 355.8 million USD, priced at 682.4 USD/tonne, accounting for 35.4% of the total volume and accounting for 38 % of the country's total soybean import turnover, up by 17.4% in volume, up by 17.7% in turnover and the price was up by 0.3% over the same period last year.
In addition, soybean imports from the Canadian market in the first 9 months of 2023 reached 80,666 tonnes, equivalent to over 60 million USD, priced at 743.8 USD/tonne, up by 6% in volume, up by 7% in turnover and the price increased by 0.9% over the same period last year. While the imports from the Cambodian market reached 453 tonnes, equivalent to 351,050 USD, priced at 774.9 USD/tonne, a sharp decrease of nearly 93% in both volume and turnover but an increase of 2.8% in price.
CK
Source: VITIC