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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

March February MoM YTD % of Total
Total 52.62 39.20 34.24% 128.40 100.00%
Other 1.43 1.01 41.04% 2.96 2.31%
China 37.33 27.34 36.52% 92.92 72.37%
India 10.81 5.62 92.42% 21.47 16.72%
Spain 0.40 2.73 -85.47% 4.08 3.17%
Switzerland 0.71 0.69 3.28% 1.61 1.25%
Italy 0.37 0.55 -32.36% 1.28 1.00%
South Korea 0.39 0.09 351.69% 1.03 0.80%
Germany 0.32 0.13 143.69% 0.74 0.57%
Singapore 0.16 0.28 -43.33% 0.59 0.46%
France 0.20 0.29 -31.56% 0.51 0.39%
Thailand 0.12 0.34 -63.96% 0.47 0.37%
Austria 0.19 0.00 0.00% 0.39 0.31%
UK 0.18 0.12 50.88% 0.36 0.28%

See also: How to Start an Import Business in Vietnam

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