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Vietnam pharmaceutical materials imports fall 20.41 percent in September over August

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

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