Vietnam’s pharmaceutical product imports jumped 42.78 percent month-on-month in February, reaching US$360.72 million, according to Vietnam’s General Department of Customs. Year-to-date, total imports have reached US$613.34 million, reflecting strong demand for medical supplies.
The USA led the market with imports soaring 169.59 percent to US$54.88 million, accounting for 15.21 percent of total imports. Germany followed with US$48.11 million, up 117.99 percent, while Belgium recorded a sharp increase of 109.64 percent. France saw minimal growth at 0.42 percent but remained a key supplier at US$29.36 million.
Thailand saw the highest relative increase, rising 429.48 percent to US$11.14 million, while Russia posted a surge of 1,052.07 percent, reaching US$8.88 million. Conversely, imports from China fell 19.84 percent, and Australia saw a sharp decline of 59.35 percent.
See also: Pharmaceuticals Industry in Vietnam
Vietnam pharmaceutical product imports, February 2025, US$ millions
February | % Total | January | MoM | YTD | |
Total | 360.72 | 100.00% | 252.63 | 42.78% | 613.34 |
Other | 25.25 | 7.00% | 17.35 | 45.50% | 42.59 |
USA | 54.88 | 15.21% | 20.36 | 169.59% | 75.24 |
Germany | 48.11 | 13.34% | 22.07 | 117.99% | 70.17 |
France | 29.36 | 8.14% | 29.24 | 0.42% | 58.60 |
Belgium | 27.63 | 7.66% | 13.18 | 109.64% | 40.81 |
Italy | 24.61 | 6.82% | 23.51 | 4.66% | 48.12 |
India | 17.62 | 4.89% | 28.44 | -38.04% | 46.07 |
Sweden | 15.84 | 4.39% | 8.10 | 95.46% | 23.94 |
Ireland | 14.20 | 3.94% | 6.28 | 126.08% | 20.48 |
Thailand | 11.14 | 3.09% | 2.10 | 429.48% | 13.25 |
Switzerland | 10.84 | 3.00% | 6.91 | 56.91% | 17.74 |
Austria | 10.78 | 2.99% | 9.16 | 17.66% | 19.94 |
Russia | 8.88 | 2.46% | 0.77 | 1052.07% | 8.88 |
South Korea | 7.90 | 2.19% | 0.00 | 0.00% | 19.08 |
Spain | 7.79 | 2.16% | 6.46 | 20.57% | 14.24 |
Poland | 7.08 | 1.96% | 5.57 | 27.08% | 12.64 |
UK | 6.36 | 1.76% | 6.38 | -0.37% | 12.72 |
Netherlands | 5.55 | 1.54% | 4.90 | 13.42% | 10.45 |
Denmark | 4.07 | 1.13% | 0.96 | 325.21% | 5.03 |
China | 3.95 | 1.09% | 4.92 | -19.84% | 8.87 |
Australia | 3.60 | 1.00% | 8.87 | -59.35% | 12.47 |
Turkey | 3.08 | 0.85% | 0.70 | 341.18% | 3.77 |
Japan | 2.77 | 0.77% | 2.53 | 9.74% | 5.30 |
Hungary | 1.82 | 0.50% | 1.12 | 61.77% | 2.94 |
Argentina | 1.68 | 0.46% | 1.81 | -7.21% | 3.48 |
Cyprus | 1.68 | 0.46% | 2.70 | -37.98% | 4.38 |
Taiwan | 0.98 | 0.27% | 1.22 | -19.40% | 2.20 |
Canada | 0.74 | 0.21% | 1.36 | -45.52% | 2.10 |
Bangladesh | 0.66 | 0.18% | 1.11 | -41.21% | 1.77 |
Pakistan | 0.57 | 0.16% | 1.83 | -69.18% | 2.40 |
Indonesia | 0.56 | 0.15% | 0.86 | -35.42% | 1.42 |
Singapore | 0.47 | 0.13% | 11.18 | -95.82% | 1.24 |
Malaysia | 0.19 | 0.05% | 0.67 | -71.00% | 0.87 |
Philippines | 0.11 | 0.03% | 0.00 | 0.00% | 0.12 |