Vietnam’s imports of pharmaceutical materials decreased by 31.42 percent month-on-month in January, reaching US$36.62 million, according to Vietnam’s General Department of Customs. This follows a decline from US$53.39 million recorded in December.
Year-to-date, Vietnam’s total imports of pharmaceutical materials stood at US$36.62 million. China remained the largest supplier, contributing US$28.29 million, or 77.2 percent of the total, followed by India with US$5.04 million, representing 13.8 percent.
Among major suppliers, Spain recorded the highest month-on-month growth, increasing by 190.15 percent, followed by South Korea at 41.54 percent. In contrast, India saw the steepest decline, with imports falling 45.13 percent. Other key suppliers, such as Switzerland, Germany, and the UK, also posted significant drops of 51.50 percent, 43.90 percent, and 59.60 percent, respectively.
The pharmaceutical materials market in Vietnam continues to be heavily reliant on China, which accounted for nearly 80 percent of total imports. While Spain and South Korea showed growth, overall imports from most suppliers declined, reflecting shifting trade dynamics and possible changes in demand for pharmaceutical products.
See also: Pharmaceuticals Industry in Vietnam
Vietnam pharmaceutical materials imports, January, US$ millions
| January | December | MoM | YTD | % of Total | |
| Total | 36.62 | 53.39 | -31.42% | 36.62 | 100.00% |
| Other | 0.53 | 2.63 | -79.67% | 0.53 | 1.46% |
| China | 28.29 | 38.90 | -27.29% | 28.29 | 77.24% |
| India | 5.04 | 9.18 | -45.13% | 5.04 | 13.76% |
| Spain | 0.95 | 0.33 | 190.15% | 0.95 | 2.59% |
| South Korea | 0.55 | 0.39 | 41.54% | 0.55 | 1.49% |
| Italy | 0.36 | 0.54 | -33.62% | 0.36 | 0.98% |
| Germany | 0.29 | 0.52 | -43.90% | 0.29 | 0.79% |
| Switzerland | 0.20 | 0.41 | -51.50% | 0.20 | 0.55% |
| Austria | 0.20 | 0.20 | 0.09% | 0.20 | 0.54% |
| Singapore | 0.16 | 0.15 | 6.36% | 0.16 | 0.43% |
| UK | 0.06 | 0.15 | -59.60% | 0.06 | 0.17% |