Vietnam’s imports of motor vehicles decreased by 46.24 percent month-on-month in January, reaching US$163.19 million, according to Vietnam’s General Department of Customs. This follows a significant decline from US$303.57 million recorded in December.
Year-to-date, Vietnam’s total imports of motor vehicles stood at US$163.19 million. China remained the largest supplier, contributing US$72.70 million, or 44.5 percent of the total. Indonesia followed with US$38.04 million, representing 23.3 percent, while Thailand supplied US$32.54 million.
Among major suppliers, the USA recorded the highest month-on-month growth, increasing 95.28 percent. Germany also saw a notable rise of 42.06 percent. In contrast, South Korea saw the steepest decline, with imports falling 94.92 percent. Russia, Japan, and Indonesia also posted significant drops of 91.61 percent, 59.38 percent, and 53.70 percent, respectively.
The motor vehicle industry in Vietnam continues to be heavily reliant on China, which accounted for nearly half of total imports. While the USA and Germany saw growth, the overall decline in imports from key suppliers such as South Korea and Indonesia reflects shifting trade patterns and potentially weaker demand for vehicles.
See also: Automotive Industry in Vietnam
Vietnam motor vehicle imports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 163.19 | 303.57 | -46.24% | 163.19 | 100.00% |
| Other | 6.82 | 12.01 | -43.17% | 6.82 | 4.18% |
| China | 72.70 | 86.80 | -16.24% | 72.70 | 44.55% |
| Indonesia | 38.04 | 82.14 | -53.70% | 38.04 | 23.31% |
| Thailand | 32.54 | 67.43 | -51.74% | 32.54 | 19.94% |
| Japan | 8.07 | 19.86 | -59.38% | 8.07 | 4.94% |
| Russia | 1.95 | 23.22 | -91.61% | 1.95 | 1.19% |
| UK | 1.24 | 1.22 | 1.33% | 1.24 | 0.76% |
| Germany | 0.88 | 0.62 | 42.06% | 0.88 | 0.54% |
| South Korea | 0.51 | 10.04 | -94.92% | 0.51 | 0.31% |
| USA | 0.44 | 0.23 | 95.28% | 0.44 | 0.27% |