Pharmaceutical products: Vietnam imports surge by 10.29 percent in May

Vietnam’s imports of pharmaceutical products reached US$369.17 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant increase of 10.29 percent compared to April, bringing the year-to-date (YTD) import value to US$1.66 billion.

Germany maintains its lead despite varied performance from top suppliers:

Germany remained the primary source for pharmaceutical product imports, with a May value of US$45.74 million, marking a 24.29 percent increase from April. While the USA saw a 14.13 percent decrease and Italy a 27.05 percent decrease, France surged by 97.19 percent to become the second-largest supplier in May, at US$44.65 million.

Extraordinary month-on-month surges from various markets:

Several countries exhibited remarkable month-on-month growth in May, often from lower bases:

• Canada recorded an astonishing surge of 5742.95 percent, albeit from a very low base.
• Pakistan imports jumped by 464.86 percent.
• Ireland experienced a massive increase of 458.67 percent, reaching US$22.05 million, becoming a top 5 supplier for the month.
• Hungary imports surged by 333.82 percent.
• Thailand imports grew by 170.32 percent.
• Australia saw a significant increase of 140.71 percent.
• Switzerland imports grew by 120.85 percent.
• Denmark and Indonesia also saw substantial increases.
• The “Other” category also saw a notable increase of 11.28 percent.
• Argentina and Philippines emerged as new suppliers in May after having no imports in April.

Significant decreases in imports:

Conversely, some markets faced substantial declines in imports in May:

• Russia saw a drastic drop of 93.83 percent.
• Spain imports decreased by 57.25 percent.
• Poland imports fell by 55.80 percent.
• Singapore imports decreased by 54.74 percent.
• Taiwan imports decreased by 50.06 percent.
• Japan and Cyprus also experienced notable decreases.
• Bangladesh saw a decrease of 17.50 percent.

The overall strong increase in May’s pharmaceutical product imports indicates a robust and diversifying market in Vietnam, with significant contributions from various global suppliers, especially those experiencing explosive growth.

See also: Vietnam Pharmaceuticals Industry 2025: Growth, Imports & Key Players

Vietnam imports of pharmaceutical products, May 2025, US$ millions