Vietnam: Soybean imports increased in volume, decreased in value

Published 2024년 10월 31일

Tridge summary

The General Maritime Administration of Vietnam forecasts a 5.2% increase in soybean imports to nearly 1.45 million tons in the first eight months of 2024, valued at approximately 754.48 million USD with an average price of 521.6 USD/t. Brazil is expected to be the largest supplier, contributing to 59% of the total volume, while the United States and Canada will account for 32.5% and 5.8% of the total volume, respectively. The average price per ton is projected to decrease by 18.2% compared to the same period in 2023.

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

Original content

According to the preliminary plan of the General Maritime Administration, soybean imports in the first eight months of 2024 will reach almost 1.45 million tons valued at 754.48 million USD, with an average price of 521.6 USD/t, an increase of 5.2% in volume, a decrease of 14% in value, and a decrease of 18.2% in price compared to the first eight months of 2023. Brazil was the largest soybean supplier to Vietnam in the first eight months of 2024, accounting for 59% of the total volume and 56.9% of the total soybean import turnover of the country, reaching 852,614 tons, equivalent to nearly 429.21 million USD. The second largest market in the first eight months of 2024 was the United States, reaching 470,501 tons, equivalent to 253.46 million USD, accounting for 32.5% of the total volume and 33.6% of the total soybean import turnover of the country. Next, the Canadian ...

Source: Pig 333