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 |