Vietnam’s imports from South Korea see slight decline in November

Vietnam’s imports from South Korea totalled US$4.77 billion in November, a 1.82 percent decrease compared to October, according to Vietnam’s General Department of Customs. Year-to-date imports reached US$51.13 billion.

The largest import category was computers, electrical products, and spare parts, which amounted to US$2.82 billion, though this represented a decline of 2.69 percent month-on-month. Machine, equipment, tools, and instruments saw a slight increase of 2.01 percent, reaching US$412.03 million. Imports of petroleum products rose by 8.65 percent to US$163.25 million, while fabrics showed strong growth, increasing by 14.61 percent to US$138.08 million.

Conversely, imports of plastics and other base metals fell sharply, with plastics down by 9.40 percent to US$178.31 million and other base metals dropping by 22.15 percent to US$100.81 million. Imports of parts and accessories of motor vehicles also declined by 3.30 percent to US$117.48 million.

Overall, the decline in imports reflects shifting demand for certain goods, despite growth in specific categories like fabrics and petroleum products.

See also: Trade in Vietnam

Vietnam’s imports from South Korea, November 2024

NovemberOctoberMoMYTD
Total4,773,448,0994,862,159,231-1.82%51,125,118,522
Computers, electrical products, spare-parts and2,819,925,3952,897,919,683-2.69%29,217,952,692
Machine, equipment, tools and instruments412,025,304403,901,1912.01%4,866,993,097
Petroleum products163,250,368150,258,5378.65%2,127,619,374
Plastics178,307,718196,813,820-9.40%2,121,207,480
Other base metals100,805,043129,481,394-22.15%1,405,135,559
Plastic products121,124,696117,856,2062.77%1,397,300,204
Fabrics138,082,529120,476,33614.61%1,373,401,543
Iron and steel138,923,909128,435,2478.17%1,105,930,441
Parts and accessories of motor vehicles117,481,400121,490,163-3.30%963,207,388
Other products72,676,15779,120,900-8.15%928,948,716
Chemical products74,997,59480,170,501-6.45%844,787,901
Iron and steel products62,460,48358,371,4977.01%632,214,464
Chemicals36,908,16735,126,4265.07%461,392,478
Textile, leather and foot-wear materials and44,820,20337,086,73820.85%451,487,494
Telephones, mobile phones and parts thereof34,847,07220,789,34167.62%384,428,011
Insulated wires and cables35,198,34933,327,0415.61%345,889,268
Other petroleum products23,602,49129,302,861-19.45%292,560,897
Rubber24,312,08832,891,962-26.09%286,559,206
Paper22,051,19722,473,053-1.88%237,031,917
Other base metal products16,521,93516,539,612-0.11%182,862,884
Pharmaceutical products12,232,26722,357,499-45.29%176,852,044
Essential oils and resinoids; perfumery, cosmetic17,389,22314,873,78116.91%174,335,140
Yarn8,641,6999,812,974-11.94%110,362,512
Rubber products9,950,68010,477,448-5.03%108,280,736
Other means of transportation, parts and6,892,5164,796,03443.71%90,669,498
Glass and glassware6,647,6837,451,881-10.79%88,767,808
Precious stones, precious metal and articles7,597,8338,612,048-11.78%84,617,599
Fishery products7,427,1707,466,428-0.53%73,819,891
Fertilizers4,285,57013,958,769-69.30%72,834,158
Other edible food preparations6,180,6285,917,0904.45%68,066,559
Animal fodders and animal fodder materials4,665,8614,757,724-1.93%66,483,957
Electric consumer products and parts thereof6,415,1645,323,10220.52%60,644,865
Insecticides, rodenticides and materials3,360,7874,152,559-19.07%54,393,552
Paper products5,533,1664,542,09221.82%52,646,306
Pastrycooks, sweets and cereal products5,381,3884,491,19019.82%49,809,142
Fruits and vegetables4,940,1505,240,705-5.74%48,637,221
Still image, video cameras and parts thereof2,696,5793,493,519-22.81%24,240,638
Motor vehicles3,340,213839,386297.94%23,161,663
Milk and milk products2,025,4112,645,037-23.43%19,217,476
Liquefied petroleum gases (LPG)5,971,4934,297,46638.95%18,201,369
Ores and other minerals product1,585,6692,563,016-38.13%13,013,047
Wood and wooden products858,447911,159-5.79%8,392,786
Animal, vegetable fats and oils898,621969,648-7.33%6,743,133
Pharmaceutical materials23,829221,421-89.24%2,435,093
Cotton183,955154,74718.87%1,581,316
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