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Which market does Vietnam import the most wheat from?

According to preliminary statistics of the General Department of Customs , in July 29023 the whole country imported 334,021 tons of wheat, equivalent to 111.13 million USD, the average price was 332.7 USD/ton, down 25.3% in volume. and decreased by 26% in turnover compared to June 2023 and the price decreased by 1%. Compared to July 2022, it also decreased by 2% in volume, decreased by 21% in turnover and decreased by 19.6% in price.

import wheat
Import of wheat

Generally, in the first seven months of 2023, the whole country's wheat imports reached over 2.81 million tons, equivalent to over $1 million, up 8.7% in volume, up 2.9% in turnover compared to 7 months. In May 2022, the average price reached 356.4 USD/ton, down 5.4%.

In July 2023, wheat imports from the main market Australia decreased by over 21% in both volume and value compared to June 2023, the price also decreased by 0.3%, reaching 328,899 tons, equivalent to 109.03 million USD, price 331.5 USD/ton; compared with July 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 country, reached nearly 2.13 million tons. , equivalent to 737.04 million USD, the average price was 346.8 USD/ton, up 17.4% in volume, 7.2% in turnover but down 8.7% in price compared to 7 months of 2022.

Behind Australia's main market is Brazil, accounting for nearly 9.3% of the total volume and 9.6% of the total turnover, reaching 261,611 tons, equivalent to $ 95.82 million, with an average price of $ 366.3. /ton, down 19% in volume, down 14.9% in turnover but up 5% in price compared to 7 months of 2022.

Next to the US market reached 172,245 tons, equivalent to 70.51 million USD, priced at 409.4 USD/ton, increased strongly by 35.5% in volume, increased by 21.5% in turnover but decreased by 10.4% in price compared to that of the US market. with 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 tons, 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.

Nguyen Hanh