Vietnam’s Car Import Volume Hikes by 6 Times in H1 2019

According to the statistics of Vietnamese Customs, in the first 6 months of 2019, 75,437 units of cars were imported to Vietnam. This figure is around 6 times the record in the same period last year. In terms of the import value , the figure also increased by at least 5 times, reaching USD 1.63 bn.

To view the data by car type, 5,427 units are vehicles for 9 or less passengers (increasing by 6 times from the same period last year) and 17,879 units for trucks (also increasing by more than 6 times from the same period last year).

If to calculate one single month in June, 10,540 units (valued at USD around 0.254 bn) were imported to Vietnam (up 26.5% from the same month in 2018). Amongst the figure, 7,145 units (valued at USD 0.137 bn) are vehicles for 9 or less passengers, representing around 67.8% of its total car import. 2,731 units (valued at USD 77.10 million) are trucks. 654 units (valued at USD 40.30 million) are vehicles for special purposes.  

In addition, in June 2019 Vietnam imported around USD 0.291 bn worth of auto parts, down 18.4% from the same period last year. Its main auto parts import origins are South Korea, Japan, Thailand, China, Indonesia and Germany.

Thailand is the largest car import origin of Vietnam. In June, Vietnam imported 7,575 units from Thailand, followed by Indonesia (1,468 units), China (653 units), S. Korea (274 units) and Japan (150 units). These 6 largest import origins represented 96% of the total car import of Vietnam in June.