Vietnam’s pharmaceutical material imports surged over 34 percent in March

Vietnam imported US$52.62 million worth of pharmaceutical materials in March, up 34.24 percent from February, according to Vietnam’s General Department of Customs. This brought the total value for the first quarter to US$128.40 million.

China was by far the largest supplier, accounting for over 72 percent of the total with US$37.33 million in shipments, a 36.52 percent increase month-on-month. Imports from India nearly doubled to US$10.81 million. Germany and South Korea also recorded sharp rises. In contrast, imports from Spain fell 85.47 percent to just US$396,590.

See also: Pharmaceuticals Industry in Vietnam

Vietnam pharmaceutical material imports, March, US$ millions

MarchFebruaryMoMYTD% of Total
Total52.6239.2034.24%128.40100.00%
Other1.431.0141.04%2.962.31%
China37.3327.3436.52%92.9272.37%
India10.815.6292.42%21.4716.72%
Spain0.402.73-85.47%4.083.17%
Switzerland0.710.693.28%1.611.25%
Italy0.370.55-32.36%1.281.00%
South Korea0.390.09351.69%1.030.80%
Germany0.320.13143.69%0.740.57%
Singapore0.160.28-43.33%0.590.46%
France0.200.29-31.56%0.510.39%
Thailand0.120.34-63.96%0.470.37%
Austria0.190.000.00%0.390.31%
UK0.180.1250.88%0.360.28%

See also: How to Start an Import Business in Vietnam

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