Vietnam’s imports of pharmaceutical materials in September fell by 20.41 percent over August, falling from US$39.7 million to US$31.6 million, according to data from Vietnam’s General Department of Customs. This brings the total value of pharmaceutical materials imported into Vietnam in 2024 year-to-date to US$347.3 million.
Key insights
- Despite a 16.91 percent decline in imports from China (dropping from US$28,664,787 to US$23,817,031), China continues to be the top supplier of pharmaceutical materials, with a year-to-date total of US$245,220,442.
- Imports from France skyrocketed by 542.64 percent, though the absolute numbers are small, rising from US$42,630 in August to US$273,957 in September. This represents a significant increase but from a relatively low base.
- India, traditionally a major supplier, saw a significant drop in imports, falling by 40.48 percent from US$6,960,828 in August to US$4,142,880 in September. However, India remains a key supplier with a year-to-date total of US$59,906,132.
See also: Vietnam’s Pharmaceuticals Industry
Pharmaceutical materials imports, Vietnam, September 2024, US$
| September | August | Change | YTD | |
| Total | 31,635,060 | 39,748,574 | -20.41% | 347,336,700 |
| China | 23,817,031 | 28,664,787 | -16.91% | 245,220,442 |
| France | 273,957 | 42,630 | 542.64% | 1,228,636 |
| Germany | 818,362 | 549,185 | 49.01% | 3,978,097 |
| India | 4,142,880 | 6,960,828 | -40.48% | 59,906,132 |
| Italy | 365,563 | 356,503 | 2.54% | 7,396,618 |
| Singapore | 316,305 | 263,666 | 19.96% | 1,937,761 |
| South Korea | 126,693 | 156,076 | -18.83% | 2,162,068 |
| Spain | 417,189 | 1,591,336 | -73.78% | 10,711,215 |
| Switzerland | 532,608 | 259,210 | 105.47% | 3,122,027 |
| Thailand | 406,350 | 176,100 | 130.75% | 1,544,131 |
| UK | 40,090 | 110,442 | -63.70% | 1,383,903 |
| Other | 378,032 | 617,811 | -38.81% | 8,745,670 |
Source: Vietnam Imports Tracker