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

Vietnam’s imports of precious metals and stones rose over 10 percent in March

Vietnam imported US$90.99 million worth of precious stones, precious metals and related articles in March, up 10.07 percent from February, according to Vietnam’s General Department of Customs. This brought the total value for the first quarter to US$229.09 million.

Hong Kong was the largest supplier in March with US$15.85 million, a 41.10 percent increase from the previous month. China’s shipments rose sharply by 194.82 percent to US$11.66 million, while imports from Belgium more than doubled. Meanwhile, India’s exports to Vietnam dropped 15.07 percent, and Switzerland saw a sharp 72.79 percent decline.

See also: Mining in Vietnam: Industry Overview

Vietnam precious metal imports, March, US$ millions

MarchFebruaryMoMYTD% of Total
Total90.9982.6610.07%229.09100.00%
Other13.079.5636.72%28.7012.53%
India11.8113.91-15.07%36.4415.91%
Hong Kong15.8511.2341.10%35.6015.54%
South Korea10.8110.701.02%31.0913.57%
China11.663.96194.82%22.129.66%
Belgium9.173.92133.77%13.575.92%
Switzerland2.278.36-72.79%13.175.75%
Japan5.224.7011.16%12.215.33%
Thailand3.073.62-15.35%9.714.24%
USA1.634.62-64.77%8.563.74%
France1.973.63-45.73%6.292.75%
Austria1.912.46-22.35%5.982.61%
Australia1.341.38-2.94%3.361.47%
Taiwan0.550.4232.18%1.250.54%
Canada0.550.21163.36%0.890.39%
UAE0.090.000.00%0.090.04%
South Africa0.030.000.00%0.060.03%

See also: How to Start an Import Business in Vietnam

get the latest news sent straight to your inbox