AsemconnectVietnam - According to preliminary statistics from the General Department of Customs, corn imports of all kinds in 2024 reached nearly 12.52 million tonnes, worth of over 3.04 billion USD, with an average price of 242.94 USD/tonne, up by 28.9% in volume, up by 6.07% in value but down by 17.7% in price compared to 2023.

In particular, in December of 2023 alone, it reached 1.41 million tonnes, equivalent to 343.29 million USD, with an average price of 244.2 USD/tonne, down by 4.99% in volume, down by 2.68% in value but up by 2.43% in price compared to November of 2024.
In comparison to December of 2023, it increased by 3.96% in volume, but decreased by 1.07% in turnover and decreased by 4.84% in price. Argentina was the largest market supplying corn to Vietnam in 2024, accounting for 51.1% of the total volume and 50.4% of the total corn import turnover of the country, reaching 6.4 million tonnes, equivalent to over 1.53 billion USD, increasing in both volume and turnover compared to 2023, with increases of 98.1% and 60% respectively, but the price decreased by 19.2%.
In December of 2024 alone, it reached 569,354 tonnes, equivalent to 137.16 million USD, with a price of 240.9 USD/tonne, an increase of 18.7% in volume, an increase of 21% in turnover compared to November of 2024 and a price increase of 1.89%. In comparison to December of 2023, it increased sharply by 598.4% in volume and 596.7% in value, but the price decreased by 0.25%.
The second largest market was Brazil. In 2024, the country’s imports of corn from Brazil reached 4.9 million tonnes, equivalent to 1.19 billion USD, the price was 242.8 USD/tonne, accounting for over 39% of the total volume and total corn import turnover of the country, up by 15.7% in volume, but down by 3.2% in turnover and price down by 16.3% compared to 2023.
Corn imports from the Lao market in 2024 reached 100,744 tonnes, equivalent to 24.7 million USD, price of 245.2 USD/tonne, accounting for over 0.8% of the total volume and total corn import turnover of the country, down by 4% in volume, down by 28% in turnover and price down by 25% compared to 2023.
CK
Source: VITIC