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Vietnam’s motor vehicle imports decline by 19.24 percent in December

Vietnam imported US$303.57 million worth of motor vehicles in December 2024, reflecting a 19.24 percent decrease compared to November, according to data from Vietnam’s General Department of Customs. Year-to-date imports in this category reached US$3.62 billion.

Indonesia remained the top supplier, contributing US$82.14 million in December despite a 25.60 percent decline month-on-month. Thailand and China followed, exporting US$67.43 million and US$86.80 million, with respective drops of 41.59 percent and 4.94 percent.

Notable growth was observed in imports from Russia and South Korea, with increases of 8,037.57 percent and 200.65 percent, respectively. Conversely, imports from India and Germany experienced significant declines of 93.12 percent and 72.82 percent, respectively.

See also: Automotive Industry in Vietnam

Vietnam import data for motor vehicles in December 2024 US$

DecemberNovemberMoMYTD
Total303,571,525375,902,061-19.24%3,618,183,875
Other11,413,65616,053,221-28.90%78,818,862
China86,797,68591,308,694-4.94%909,098,724
Indonesia82,141,133110,397,683-25.60%1,036,277,498
Thailand67,430,660115,440,776-41.59%1,241,422,184
Russia23,221,051285,3568,037.57%45,572,649
Japan19,862,16026,751,992-25.75%191,666,204
South Korea10,042,4073,340,213200.65%33,231,070
UK1,224,5081,420,415-13.79%20,694,747
Germany620,0072,280,811-72.82%17,159,002
India593,0008,622,900-93.12%18,574,742
USA225,25823,534,790
France2,133,403

See also: How to Start an Import Business in Vietnam

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