A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s imports of machinery and equipment increase in November

Vietnam’s imports of machinery, equipment, tools, and instruments totalled US$4.43 billion in November, a growth of 3.1 percent compared to October, according to Vietnam’s General Department of Customs. Year-to-date imports reached US$44.21 billion.

China remained the top supplier, with imports increasing by 8.11 percent to US$2.72 billion. South Korea contributed US$412.03 million, marking a slight growth of 2.01 percent, while the USA recorded a 5.34 percent increase, totalling US$96.87 million.

Japan saw a decline of 12.78 percent, with imports amounting to US$342.59 million. Taiwan also dropped by 7.15 percent to US$119.91 million. Imports from Germany fell sharply by 17.68 percent to US$111.18 million, while Malaysia saw a 9.26 percent decrease to US$66.02 million.

The steady growth in overall imports reflects strong demand for machinery and equipment, driven by rising imports from China and other key partners, offsetting declines in regions like Germany and Japan.

See also: Manufacturing in Vietnam

Vietnam machine, equipment, tools and instruments, 2024, US$

NovemberOctoberMoMYTD
Total4,431,094,3084,295,944,7553.1%44,209,466,249
Other117,468,014105,395,24711.45%826,646,946
China2,716,051,9602,512,404,4168.11%26,116,649,053
South Korea412,025,304403,901,1912.01%4,866,993,097
Japan342,592,788392,784,463-12.78%3,607,612,939
Taiwan119,908,744129,139,806-7.15%1,250,014,330
Germany111,178,467135,059,337-17.68%1,218,084,453
USA96,872,24791,961,6385.34%989,496,529
Thailand88,134,22086,046,4362.43%919,162,343
Malaysia66,021,12172,761,549-9.26%655,465,177
India44,298,51943,029,9372.95%498,812,826
Italy40,423,84743,752,525-7.61%423,563,165
Philippines21,067,02325,929,117-18.75%253,742,579
Indonesia18,473,30519,215,028-3.86%211,420,670
France20,465,32621,335,303-4.08%204,071,034
Singapore17,686,03317,391,9091.69%200,793,682
HongKong17,321,24019,461,116-11.00%186,159,453
UK16,249,43917,178,712-5.41%181,962,270
Mexico17,704,36617,575,4160.73%171,837,885
Netherlands16,158,61418,383,380-12.10%143,029,297
Sweden13,581,17210,959,37823.92%129,677,631
Switzerland11,648,01214,276,633-18.41%122,333,154
Finland5,678,8006,456,841-12.05%107,327,630
Czech Republic10,217,1547,616,38634.15%86,837,153
Belgium6,680,7438,915,969-25.07%75,602,285
Hungary15,035,4145,972,093151.76%74,015,347
Norway10,991,7988,034,60436.81%70,761,585
Austria10,120,20812,541,536-19.31%70,174,899
Denmark5,099,0257,233,035-29.50%68,123,247
Spain7,452,2656,889,7978.16%66,833,491
Israel7,127,3385,408,77831.77%66,635,119
Poland5,540,3544,684,26318.28%66,619,202
Turkey3,595,6976,447,772-44.23%58,334,040
Canada2,992,0783,498,330-14.47%46,745,793
Ireland5,186,6793,669,65541.34%46,403,886
Cambodia2,741,2522,501,0749.60%30,226,848
Australia2,940,1483,384,518-13.13%29,421,957
Russia1,382,2941,736,287-20.39%22,145,629
Brazil1,566,2141,063,85647.22%14,858,254
UAE53,790406,729-86.77%10,040,582
New Zealand1,085,613982,38710.51%7,254,470
Belarus000.00%5,835,517
Lithuania183,620224,940-18.37%2,822,955
South Africa59,834234,135-74.44%1,941,305
Ukraine067,534-100.00%1,178,323
Cyprus000.00%1,131,222
Iceland000.00%340,551
Bangladesh34,22931,6997.98%326,446
Get Vietnam manufacturing news sent straight to your inbox

Latest manufacturing news...