Vietnam's corn imports in the first 2 months of 2023 decreased in both volume and value

Published 2023년 3월 20일

Tridge summary

In the first two months of 2023, Vietnam experienced a significant increase in corn imports, with a total of 1.37 million tons imported from Brazil, Argentina, and India. Brazil was the largest supplier, contributing to over 57% of the country's total corn import volume and value. The price of corn from Brazil saw a 20.7% decrease in volume and a 20% decrease in turnover compared to January 2023 but a sharp 25.8% increase in volume, 31.5% increase in turnover, and a 4.5% increase in price compared to February 2022. Argentina was the second-largest supplier, followed by India. The total value of corn imports in the first two months of 2023 was nearly 827.84 million USD.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Of which, February 2023 alone reached 638,359 tons, equivalent to 215.57 million USD, the average price was 337.7 USD/ton, down 20.7% in volume, down 20% in turnover, but the price increased by 0.9 % compared to January 2023; compared with February 2022, it increased sharply by 25.8% in volume, 31.5% in turnover and 4.5% in price. Brazil is the main market supplying corn to Vietnam in the first two months of 2023, accounting for over 57% of the country's total corn import volume and turnover, reaching 820,119 tons, equivalent to nearly 272.64 million USD. price of 332.4 USD/ton, a sharp increase of 242% in volume, 261.3 % in turnover and 5.6% in price over the same period in 2022; February 2023 alone reached 375,669 tons, equivalent to 125.75 million USD, priced at 334.7 USD/ton, down 19.5% in volume, down 18.3% in turnover compared to January 2023, the price increased slightly. 1.5%; Compared to February 2022, it increased sharply by 257% in volume, 278% in turnover, and price ...

Source: Vinanet