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Vietnam’s imports of animal and vegetable fats and oils decline 2.74 percent in February 2025

Vietnam’s imports of animal and vegetable fats and oils fell by 2.74 percent month-on-month in February, reaching US$95.74 million, according to Vietnam’s General Department of Customs. This follows January’s total of US$98.43 million, reflecting a slight downturn in import demand.

Year-to-date, total imports have reached US$194.17 million, with Indonesia remaining the largest supplier. Imports from Indonesia accounted for 51.94 percent of the total, despite declining by 7.39 percent. Malaysia followed, contributing 28.38 percent, with a slight drop of 0.72 percent.

Among the key suppliers, Thailand saw the most significant increase, with imports rising by 108.48 percent. Meanwhile, China recorded a sharp decline of 52.81 percent, and imports from Australia dropped by 55.92 percent. Other notable suppliers included India, which saw a 28.41 percent increase, and Chile, which recorded a 14.02 percent rise.

See also: Food and Beverage Industry in Vietnam

Vietnam animal and vegetable fats and oils imports, February 2025, US$ millions

February January MoM % of Total YTD
Total 95.74 98.43 -2.74% 100.00% 194.17
Other 4.40 4.29 2.62% 4.60% 8.70
Indonesia 49.72 53.69 -7.39% 51.94% 103.41
Malaysia 27.17 27.37 -0.72% 28.38% 54.54
Thailand 8.34 4.00 108.48% 8.71% 12.34
China 1.87 3.96 -52.81% 1.95% 5.83
India 1.73 1.35 28.41% 1.81% 3.08
Australia 0.80 1.81 -55.92% 0.83% 2.60
Chile 0.79 0.69 14.02% 0.82% 1.48
South Korea 0.39 0.64 -38.51% 0.41% 1.03
USA 0.29 0.30 -4.04% 0.30% 0.60
Singapore 0.23 0.33 -30.33% 0.24% 0.56

See also: How to Start an Import Business in Vietnam