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Vietnam’s machine, equipment, and tool imports rise in December

Vietnam recorded imports worth US$4.69 billion of machines, equipment, tools, and instruments in December 2024, representing a 5.74 percent month-on-month increase from November, according to data from Vietnam’s General Department of Customs.

Year-to-date imports for these products amounted to US$48.89 billion. China remained the leading supplier with US$2.85 billion in imports, reflecting a 4.88 percent monthly growth. Japan showed a significant rise of 17.78 percent, reaching US$403.51 million in December. Germany exhibited a notable 20.17 percent increase, contributing US$133.61 million. The USA also saw robust growth of 15.45 percent in imports.

Conversely, South Korea and India experienced declines, with imports dropping by 3.34 percent and 7.40 percent, respectively. Taiwan registered steady growth of 9.29 percent, while Italy and Malaysia recorded moderate increases of 6.54 percent and 7.98 percent, respectively.

See also: Manufacturing in Vietnam

Vietnam’s imports of machines, equipment, and tools, December 2024, US$

DecemberNovemberMoMYTD
Total4,685,472,3254,431,094,3085.74%48,887,832,424
Other407,750,134393,587,0913.60%4,072,036,920
China2,848,659,8652,716,051,9604.88%28,961,984,518
Japan403,510,488342,592,78817.78%4,013,126,171
South Korea398,270,642412,025,304-3.34%5,263,122,943
Germany133,605,643111,178,46720.17%1,351,123,607
Taiwan131,045,323119,908,7449.29%1,380,047,207
USA111,835,35396,872,24715.45%1,099,999,051
Thailand95,417,99088,134,2208.26%1,014,430,431
Malaysia71,286,35866,021,1217.98%726,650,979
Italy43,068,80540,423,8476.54%465,400,818
India41,021,72444,298,519-7.40%539,909,779

See also: How to Start an Import Business in Vietnam

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