Vietnamese soybean imports in October 2023

Published 2023년 11월 17일

Tridge summary

Preliminary statistics from the General Department of Customs reveal that soybean imports in October 2023 increased by 43.2% in volume and 43.9% in turnover compared to September 2023, with a slight price increase of 0.5%. However, compared to October 2022, there was only a slight increase in volume and a decrease in turnover by 7.9% and price by 11.5%. In the first 10 months of 2023, Vietnam imported over 1.61 million tons of soybeans, with a value of nearly 1.02 billion USD, experiencing a 5.2% increase in volume but a 4.5% decrease in turnover and a 9.1% decrease in price compared to the same period last year.

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

Original content

According to preliminary statistics of the General Department of Customs, soybean imports in October 2023 reached 138,874 tons, equivalent to 83.81 million USD, average price 603.5 USD/ton, an increase of 43.2% in volume and increased turnover by 43.9% compared to September 2023, price increased slightly by 0.5%; Compared to October 2022, a slight increase of 4% in volume but a decrease of 7.9% in turnover and a decrease in price of 11.5%. In the first 10 months of 2023, the whole country imported over 1.61 million tons of soybeans, worth nearly 1.02 billion USD, average price 632.6 USD/ton, up 5.2% in volume, but down 4.5%. 4% in turnover and 9.1% decrease in price compared to the first 10 months of 2022. Soybeans imported to Vietnam from the Brazilian market the most, in October 2023 increased sharply by over 39% in both volume and turnover compared to September 2023, the price increased slightly by 0.2%, reaching 92,929 tons, equivalent to equivalent to 53.28 million USD, ...

Source: Vinanet