Vietnam imported US$445.12 million worth of motor vehicles in March, up 17.87 percent from February, according to Vietnam’s General Department of Customs. This brought total imports for the first quarter to US$982.60 million.
Thailand was the largest supplier, contributing US$155.85 million in March, an increase of 24.81 percent. Imports from China and Indonesia followed closely, rising by 34.46 percent and 26.52 percent respectively. The USA recorded a sharp month-on-month increase of over 600 percent to US$1.51 million. Meanwhile, imports from Germany fell 58.27 percent and Russia saw no recorded shipments after February.
See also: Automotive Industry in Vietnam
Vietnam motor vehicle imports, March, US$ millions
March | February | MoM | YTD | % of Total | |
Total | 445.12 | 377.62 | 17.87% | 982.60 | 100.00% |
Other | 7.93 | 27.02 | -70.65% | 41.78 | 4.25% |
Thailand | 155.85 | 124.87 | 24.81% | 313.27 | 31.88% |
China | 136.22 | 101.31 | 34.46% | 306.90 | 31.23% |
Indonesia | 123.33 | 97.47 | 26.52% | 258.83 | 26.34% |
Japan | 14.56 | 13.99 | 4.10% | 36.62 | 3.73% |
Russia | 0.00 | 6.20 | -100.00% | 8.15 | 0.83% |
UK | 3.52 | 2.07 | 70.27% | 6.83 | 0.70% |
Germany | 1.75 | 4.19 | -58.27% | 6.81 | 0.69% |
USA | 1.51 | 0.22 | 601.40% | 2.17 | 0.22% |
South Korea | 0.45 | 0.00 | 0.00% | 0.96 | 0.10% |
Austria | 0.00 | 0.28 | -100.00% | 0.28 | 0.03% |