Vietnam’s imports of essential oils and resinoids, perfumes, cosmetics, and toilet preparations fell by 12.92 percent in September over August from US$133.1 million to US$115.9 million. Vietnam’s cosmetics imports for the year now stand at US$1.05 billion which represents an increase of 17.1 percent over the same period last year.
Key takeaways
- Singapore remains the largest cosmetics supplier to Vietnam with imports valued at US$33.65 million in September, although it also experienced a 13.31 percent month-on-month decline.
- Imports from China saw the steepest month-on-month drop at 28.98 percent, with September imports falling to US$13.15 million from US$18.52 million in August.
- The USA and UK experienced significant declines in exports to Vietnam, with the USA’s imports falling by 27.48 percent and the UK’s by 22.09 percent, possibly reflecting shifting consumer preferences or market conditions.
- Despite the overall decline, imports from Switzerland surged by 71.79 percent, and France saw an increase of 19.45 percent, likely indicating strong demand for premium or specialised cosmetic products from these countries.
See also: Vietnam’s Cosmetics Industry
Vietnam’s cosmetics imports by country, value, September 2024
September | August | MoM | YTD | |
Total | 115,913,375 | 133,109,072 | -12.92% | 1,049,472,020 |
Singapore | 33,650,151 | 38,814,851 | -13.31% | 310,042,197 |
South Korea | 13,961,599 | 15,011,470 | -6.99% | 142,059,902 |
China | 13,156,638 | 18,524,030 | -28.98% | 106,883,893 |
Thailand | 13,110,649 | 14,954,913 | -12.33% | 111,838,973 |
Indonesia | 7,784,867 | 10,025,564 | -22.35% | 71,768,622 |
USA | 7,479,159 | 10,313,062 | -27.48% | 77,269,430 |
France | 6,181,198 | 5,174,661 | 19.45% | 54,048,777 |
Japan | 4,243,071 | 4,844,643 | -12.42% | 41,285,028 |
Germany | 2,554,907 | 2,015,289 | 26.78% | 15,406,274 |
Italy | 2,246,991 | 3,312,274 | -32.16% | 24,117,315 |
UK | 1,436,945 | 1,844,305 | -22.09% | 15,399,915 |
Poland | 1,022,225 | 1,170,291 | -12.65% | 7,187,331 |
Malaysia | 810,092 | 1,005,218 | -19.41% | 8,146,431 |
Taiwan | 562,093 | 384,321 | 46.26% | 3,966,526 |
Switzerland | 443,593 | 258,219 | 71.79% | 5,284,382 |
Ireland | 130,296 | 65,853 | 97.86% | 979,994 |
Philippines | 42,835 | 29,579 | 44.82% | 346,168 |
Other | 7,096,066 | 5,360,529 | 32.38% | 53,440,862 |
Source: Source: Vietnam Imports Tracker