List of the largest corn suppliers to Vietnam
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- Business
- 17:56 16/04/2024
DNHN - Argentina is the second largest supplier of corn to Vietnam, accounting for 26.2% of the total volume and 25.4% of the total value. In the first three months of 2024, Vietnam imported 728,759 tonnes of corn from Argentina, worth 178.79 million USD.
In the first three months of 2024, Vietnam’s corn imports have fluctuated significantly. According to figures from the General Department of Customs, the volume of corn imports increased to more than 2.78 million tonnes, reaching nearly 702.74 million USD. Although the import volume increased by 27.1% compared to the same period last year, the value and average price of corn decreased by 4.8% and 25.1%, respectively.
In March 2024, Vietnam’s corn imports reached 871,741 tonnes, equivalent to 215.88 million USD. However, this figure recorded a slight decrease compared to the previous month. The average price of corn also decreased by 2.8% compared to February 2024. Compared to the same period last year, although the import volume increased by 13.6%, the value and price of corn decreased by 17.2% and 27.1%, respectively.
Brazil continued to be the largest corn supplier to Vietnam in the first three months of 2024, accounting for 53.4% of the total import volume and 54.3% of the total value. The import volume from Brazil reached 1.49 million tonnes, worth nearly 381.27 million USD. Although the import volume from Brazil increased by 22.5% compared to the same period last year, the value and price of corn both decreased.
Argentina is the second largest supplier of corn to Vietnam, accounting for 26.2% of the total volume and 25.4% of the total value. In the first three months of 2024, Vietnam imported more than 728,759 tonnes of corn from Argentina, worth more than 178.79 million USD. Although the import volume from Argentina increased by 79.5% compared to the same period last year, the value and price of corn both decreased significantly.
The corn import market from Laos, although accounting for a small proportion of the total import volume, also recorded an increase in volume. In the first three months of 2024, the volume of corn imported from Laos reached 66,033 tonnes, worth 16.55 million USD. However, the value and price of corn in this market both decreased compared to the same period last year.
Corn plays an important role in Vietnam’s livestock industry, and the large volume of imports may be related to the demand for raw materials for this industry. Although Vietnam is one of the largest corn-growing countries, imports are still necessary due to the high demand from domestic industries and livestock.
P.V
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