Vietnam’s imports of parts and accessories for motor vehicles dropped by 22.09 percent month-on-month in January, reaching US$373.16 million, according to Vietnam’s General Department of Customs. This follows a decline from US$478.98 million recorded in December.
Year-to-date, Vietnam’s total imports of motor vehicle parts and accessories stood at US$373.16 million. China remained the largest supplier, contributing US$148.17 million, or 39.7 percent of the total. South Korea followed with US$80.05 million, representing 21.5 percent, while Thailand supplied US$46.96 million.
Among major suppliers, the Netherlands recorded the highest month-on-month growth, increasing 19.13 percent. In contrast, Russia saw the steepest decline, with imports falling 84.12 percent. Other suppliers such as the USA, Malaysia, and Indonesia also experienced significant drops of 61.57 percent, 41.95 percent, and 46.76 percent, respectively.
The motor vehicle parts and accessories sector in Vietnam remains heavily reliant on China, which accounts for nearly 40 percent of imports. Despite growth in the Netherlands, the overall decline in imports from key suppliers highlights shifting market trends and potential supply chain adjustments.
See also:
Vietnam motor vehicle parts and accessories imports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 373.16 | 478.98 | -22.09% | 373.16 | 100.00% |
| Other | 8.09 | 8.42 | -3.94% | 8.09 | 2.17% |
| China | 148.17 | 170.04 | -12.86% | 148.17 | 39.71% |
| South Korea | 80.05 | 91.47 | -12.49% | 80.05 | 21.45% |
| Thailand | 46.96 | 68.11 | -31.05% | 46.96 | 12.58% |
| Japan | 32.83 | 51.98 | -36.83% | 32.83 | 8.80% |
| India | 25.09 | 35.52 | -29.37% | 25.09 | 6.72% |
| Indonesia | 19.03 | 35.74 | -46.76% | 19.03 | 5.10% |
| Netherlands | 3.26 | 2.73 | 19.13% | 3.26 | 0.87% |
| Germany | 2.32 | 3.03 | -23.64% | 2.32 | 0.62% |
| Philippines | 1.77 | 2.72 | -34.73% | 1.77 | 0.48% |
| Turkey | 1.64 | 1.84 | -11.12% | 1.64 | 0.44% |
| Malaysia | 1.42 | 2.44 | -41.95% | 1.42 | 0.38% |
| USA | 1.11 | 2.89 | -61.57% | 1.11 | 0.30% |
| Brazil | 0.80 | 0.74 | 7.69% | 0.80 | 0.21% |
| Italy | 0.45 | 0.67 | -33.53% | 0.45 | 0.12% |
| Spain | 0.15 | 0.42 | -64.14% | 0.15 | 0.04% |
| Russia | 0.03 | 0.21 | -84.12% | 0.03 | 0.01% |