Vietnam’s pharmaceutical product imports surge 42.78 percent in February 2025

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% TotalJanuaryMoMYTD
Total360.72100.00%252.6342.78%613.34
Other25.257.00%17.3545.50%42.59
USA54.8815.21%20.36169.59%75.24
Germany48.1113.34%22.07117.99%70.17
France29.368.14%29.240.42%58.60
Belgium27.637.66%13.18109.64%40.81
Italy24.616.82%23.514.66%48.12
India17.624.89%28.44-38.04%46.07
Sweden15.844.39%8.1095.46%23.94
Ireland14.203.94%6.28126.08%20.48
Thailand11.143.09%2.10429.48%13.25
Switzerland10.843.00%6.9156.91%17.74
Austria10.782.99%9.1617.66%19.94
Russia8.882.46%0.771052.07%8.88
South Korea7.902.19%0.000.00%19.08
Spain7.792.16%6.4620.57%14.24
Poland7.081.96%5.5727.08%12.64
UK6.361.76%6.38-0.37%12.72
Netherlands5.551.54%4.9013.42%10.45
Denmark4.071.13%0.96325.21%5.03
China3.951.09%4.92-19.84%8.87
Australia3.601.00%8.87-59.35%12.47
Turkey3.080.85%0.70341.18%3.77
Japan2.770.77%2.539.74%5.30
Hungary1.820.50%1.1261.77%2.94
Argentina1.680.46%1.81-7.21%3.48
Cyprus1.680.46%2.70-37.98%4.38
Taiwan0.980.27%1.22-19.40%2.20
Canada0.740.21%1.36-45.52%2.10
Bangladesh0.660.18%1.11-41.21%1.77
Pakistan0.570.16%1.83-69.18%2.40
Indonesia0.560.15%0.86-35.42%1.42
Singapore0.470.13%11.18-95.82%1.24
Malaysia0.190.05%0.67-71.00%0.87
Philippines0.110.03%0.000.00%0.12

See also: How to Start an Import Business in Vietnam

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