Vietnamese automotive enterprises are broadening their supply chain by sourcing car parts and components from multiple countries, including China, South Korea, Thailand, Japan, Indonesia, and India. This diversification reflects ongoing efforts to meet the evolving demands of the industry.
According to Vietnam Customs, the country imported $479 million worth of auto parts in December 2024, reflecting a slight 1% increase from the previous month. China remained the largest supplier with shipments totaling $170 million, up 16.9% month-on-month. Meanwhile, South Korea supplied $91.5 million worth of parts despite a 22.1% decline, while imports from Thailand grew 14.1% to $68 million. Japan’s exports to Vietnam increased by 6.1% to $52 million, while Indonesia and India supplied $35.7 million and $35.5 million, respectively.
For the full year of 2024, Vietnam’s auto parts imports reached $4.86 billion, marking an 18.3% rise compared to 2023. This upward trend underscores the country’s sustained demand for automotive components from a variety of global sources.
In addition to parts, Vietnam’s imports of completely built-up (CBU) automobiles also showed notable shifts. December 2024 saw the import of 12,881 CBU units valued at $303.6 million, a 27.9% decline from November’s 17,855 units. The majority of these imports came from Thailand, Indonesia, and China, which together accounted for 94% of the total. Specifically, Indonesia led with 5,685 units, followed by Thailand with 3,624 units and China with 2,783 units.
Passenger vehicles remained the dominant category, with Vietnam importing 10,477 cars with nine seats or fewer in December—81.3% of all CBU imports. This segment saw a 29.4% decline from November, with shipments from Indonesia, Thailand, and China falling by 22.7%, 30.5%, and 31.9%, respectively. Meanwhile, Vietnam imported nine buses and 1,046 trucks, the latter seeing a 29.2% decline in volume but a 5.2% increase in value.
Despite December’s slowdown, Vietnam’s total CBU imports for 2024 surged 45.8% year-on-year to 173,561 units. Within this, passenger cars with nine seats or fewer rose 47.7% to 142,773 units, while truck imports increased 4.4% to 15,008 units.
Additionally, Vietnam imported 1,349 specialized vehicles in December 2024, valued at $68.3 million. While the volume decreased by 9.8%, the overall value rose by 11.3% compared to November. China remained the leading supplier, accounting for 87% of these imports despite an 18.7% decline in shipment volume.
These import trends highlight Vietnam’s growing automotive market and its commitment to diversifying supply sources to support industry growth.
Stay updated with the latest in supply chain news at The Supply Chain Report. For free international trade tools, visit ADAMftd.com.
#VietnamAuto #SupplyChainNews #TradeUpdate #AutoIndustry #MarketTrends
