Which market does Vietnam import the most wheat from?

Temporarily suspending wheat imports from Ukraine in the first 6 months of the year: Algeria's grain imports decreased by nearly 18%

According to preliminary statistics of the General Department of Customs, in July 2023, the country imported 334,021 tons of wheat, equivalent to 111.13 million USD, with an average price of 332.7 USD/ton, down 25.3% in volume and 26% in value compared to June 2023 and down 1% in price. Compared to July 2022, it also decreased by 2% in volume, 21% in value and 19.6% in price.

Wheat imports

In general, in the first 7 months of 2023, the country's imported wheat volume reached over 2.81 million tons, equivalent to over 1 million USD, an increase of 8.7% in volume, an increase of 2.9% in turnover compared to the first 7 months of 2022, the average price reached 356.4 USD/ton, a decrease of 5.4%.

In July 2023, wheat imports from the main market Australia decreased by over 21% in both volume and value compared to June 2023, the price also decreased by 0.3%, reaching 328,899 tons, equivalent to 109.03 million USD, price 331.5 USD/ton; compared to July 2022, it increased by 8.7% in volume, but decreased by 12.3% in value and decreased by 19.4% in price.

In the first 7 months of 2023, wheat imports from the Australian market, accounting for 75.5% of the total volume and 73.5% of the total wheat import turnover of the whole country, reached nearly 2.13 million tons, equivalent to 737.04 million USD, with an average price of 346.8 USD/ton, up 17.4% in volume, up 7.2% in turnover but down 8.7% in price compared to the first 7 months of 2022.

Behind the main market Australia is the Brazilian market, accounting for nearly 9.3% of the total volume and 9.6% of the total turnover, reaching 261,611 tons, equivalent to 95.82 million USD, with an average price of 366.3 USD/ton, down 19% in volume, down 14.9% in turnover but up 5% in price compared to the first 7 months of 2022.

Next, the US market reached 172,245 tons, equivalent to 70.51 million USD, price 409.4 USD/ton, a sharp increase of 35.5% in volume, 21.5% in turnover but a decrease of 10.4% in price compared to the first 7 months of 2022, accounting for 6% of the total volume and 7% of the total wheat import turnover of the whole country.

Wheat imports from the Canadian market reached 165,986 tons, equivalent to 68.91 million USD, a sharp increase of 3,000% in volume and 2,603% in value compared to the first 7 months of 2022.

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