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Vietnam dairy imports fall 21 percent September over August

Vietnam’s imports of milk and milk products fell by 20.83 percent in September over August from US$108.9 million to US$86.2 million. Vietnam’s milk and milk products imports for the year now stand at US$830.4 million which represents a decline of 4 percent over the same period last year.

Of note:

  • New Zealand, the largest supplier, saw an 18.78 percent decrease in imports, with US$19.97 million recorded in September.
  • The USA experienced a steep decline, with a 33.50 percent drop in imports, amounting to US$7.98 million.
  • Australia’s dairy imports fell by 49.88 percent, bringing in US$7.19 million for September.
  • Conversely, Spain and Belgium showed notable growth, with Spain up by 19.18 percent and Belgium posting a 61 percent increase. Other smaller suppliers, like Lithuania, also saw increases, up 20.41 percent.

See also: Vietnam’s Dairy Market 2024: Overview

Vietnam dairy imports by country, September 2024

SeptemberAugustChangeYTD
Total86,183,247108,856,845-20.83%830,358,244
New Zealand19,971,34224,588,491-18.78%211,799,796
USA7,983,42612,005,239-33.50%99,154,430
Australia7,193,23814,351,293-49.88%88,917,345
Other7,135,2186,230,90314.51%53,922,211
Malaysia5,927,4606,173,468-3.98%46,182,901
Thailand3,828,9376,421,298-40.37%41,885,250
Japan2,201,9405,527,613-60.16%37,993,084
Singapore5,686,7445,746,396-1.04%37,325,160
Ireland3,816,0714,577,518-16.63%36,376,798
France5,192,9974,738,3229.60%35,714,560
Germany4,839,9634,741,6302.07%35,157,421
Netherlands4,645,7955,025,933-7.56%28,873,956
Poland1,858,0982,919,290-36.35%21,132,048
Switzerland1,845,9091,893,212-2.50%16,597,838
South Korea2,026,8662,041,291-0.71%14,536,937
Spain996,692836,28819.18%8,062,703
Belgium383,412238,14361.00%6,475,690
Lithuania375,706312,01420.41%5,942,851
Denmark273,433488,503-44.03%4,037,943
Philippines000.00%235,872
Armenia000.00%33,450

Source: Vietnam Exports Tracker

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