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Vietnam pharmaceutical product imports up 6.95 percent in September over August

Vietnam’s imports of pharmaceutical products in September increased 6.95 percent over August, increasing from US$349.6 million to US$373.9 million, according to data from Vietnam’s General Department of Customs. This brings the total value of pharmaceutical products imported into Vietnam in 2024 year-to-date to US$3.13 billion.

Of note:

  • Italy recorded among the highest month-on-month growth, with an impressive 42.96 percent increase to US$28,827,691 in September. Italy’s total for the year is now US$218,344,495.
  • Belgium, with an 8.50 percent increase, and Switzerland, with a 32.64 percent increase, both showed steady growth, contributing US$23,789,578 and US$11,205,095 in September, respectively.
  • Japan saw a significant spike in imports, with an astonishing 186.40 percent increase, though its September total of US$13,556,978. Japan’s total for the year so far now stands at US$52,869,822.

Pharmaceutical product imports, Vietnam, August 2024

SeptemberAugustChangeYTD
Total373,924,656349,628,2516.95%3,125,983,768
France50,979,99437,120,29337.34%417,347,300
Germany42,275,94947,226,513-10.48%284,149,623
USA37,812,41238,149,192-0.88%332,777,138
India30,646,67023,997,24927.71%251,568,494
Italy28,827,69120,164,63442.96%218,344,495
Belgium23,789,57821,925,4528.50%141,518,565
South Korea15,383,34016,773,932-8.29%141,882,290
Japan13,556,9784,733,579186.40%52,869,822
Switzerland11,205,0958,447,94232.64%77,937,566
Spain10,705,86510,623,5910.77%96,737,801
Other108,741,084120,465,874-3.101,110,850,674

Source: Vietnam Imports Tracker

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