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Vietnam’s pharmaceutical product imports surge by 68.56 percent in December

Vietnam imported US$518.17 million worth of pharmaceutical products in December 2024, reflecting a sharp 68.56 percent increase compared to November, according to data from Vietnam’s General Department of Customs. Year-to-date imports reached US$4.40 billion.

The USA led the surge, with imports skyrocketing by 331.62 percent to US$101.02 million. India and South Korea also showed significant growth, with imports increasing by 85.26 percent and 139.22 percent, respectively. Belgium recorded an impressive 92.25 percent growth, contributing US$28.03 million in December.

France, Germany, and Ireland also experienced notable increases, with imports rising by 38.99 percent, 60.11 percent, and 70.23 percent, respectively. Meanwhile, Thailand registered the highest growth rate of 219.61 percent, reaching US$15.41 million. In contrast, imports from Italy fell by 13.12 percent.

See also: Pharmaceuticals Industry in Vietnam

Vietnam import data for pharmaceutical products in December 2024 US$

DecemberNovemberMoMYTD
Total518,165,974307,401,43768.56%4,399,432,452
Other149,710,881111,828,57233.88%1,427,340,408
USA101,023,21823,405,557331.62%512,534,682
France66,539,43747,873,64838.99%572,461,541
Germany44,295,44427,664,78360.11%404,802,719
India35,224,11019,013,62385.26%335,706,632
South Korea29,262,29012,232,267139.22%206,114,819
Belgium28,030,80514,580,68092.25%202,302,011
Italy23,082,60526,568,889-13.12%302,564,405
Thailand15,405,0254,819,984219.61%106,338,264
Ireland13,482,1717,919,93070.23%190,526,394
Austria12,109,98811,493,5045.36%138,740,577

See also: How to Start an Import Business in Vietnam

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