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According to the preliminary plan of the General Maritime Administration, soybean imports in the first eight months of 2024 will reach almost 1.45 million tons valued at 754.48 million USD, with an average price of 521.6 USD/t, an increase of 5.2% in volume, a decrease of 14% in value, and a decrease of 18.2% in price compared to the first eight months of 2023.
Brazil was the largest soybean supplier to Vietnam in the first eight months of 2024, accounting for 59% of the total volume and 56.9% of the total soybean import turnover of the country, reaching 852,614 tons, equivalent to nearly 429.21 million USD.
The second largest market in the first eight months of 2024 was the United States, reaching 470,501 tons, equivalent to 253.46 million USD, accounting for 32.5% of the total volume and 33.6% of the total soybean import turnover of the country.
Next, the Canadian market reached 83,221 tons, equivalent to 49.75 million USD, accounting for 5.8% of the total volume and 6.6% of the total soybean import turnover of the country.
September 17, 2024/ Vietnam Industry and Trade Information Center - Ministry of Industry and Trade (VITIC)/ Vietnam.
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