Vietnam: Wheat import volume in the first 11 months of 2024 increased by 34.8%

Published 2024년 12월 16일

Tridge summary

In November 2024, Vietnam imported 354,992 tons of wheat at a cost of 101.47 million USD, with the average price per ton being 285.8 USD, marking a 26.5% decrease in volume and a 20.9% decrease in turnover compared to October 2024. When compared to November 2023, there was a 33.1% increase in volume and a 30.3% increase in turnover, despite a 2.2% decrease in price. From January to November 2024, Vietnam's total wheat imports reached over 5.37 million tons, valued at nearly 1.48 billion USD, marking a 34.8% increase in volume and an 8.3% increase in turnover compared to the same period in the previous year. Ukraine was the largest wheat supplier to Vietnam during this period, followed by Australia and Brazil, with the United States also contributing significantly. The average price per ton of wheat imported in the first 11 months of 2024 was 274.9 USD.

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

Original content

According to preliminary statistics from the General Department of Customs, in November 2024, the country imported 354,992 tons of wheat, equivalent to 101.47 million USD, with an average price of 285.8 USD/ton, down 26.5% in volume, down 20.9% in turnover compared to October 2024 but the price increased by 7.6%. Compared to November 2023, it increased by 33.1% in volume, up 30.3% in turnover but down 2.2% in price. In general, in the first 11 months of 2024, the country's imported wheat volume reached over 5.37 million tons, equivalent to nearly 1.48 billion USD, up 34.8% in volume, up 8.3% in turnover compared to the first 11 months of 2023, the average price reached 274.9 USD/ton, down 19.6%. Ukraine is the largest market supplying wheat to Vietnam in the first 11 months of 2024, accounting for 26.5% of the total volume and 24.6% of the total wheat import turnover of the country, reaching over 1.42 million tons, equivalent to 363.77 million USD, with an average price of 255.5 ...

Source: Vinanet