Vietnam’s Motorcyle Import Drops Over 40% In Q1/2012

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Vietnam’s imported motorcyles were estimated at 12,613 units ($20.5 million) in the first three months of this year, making year-on-year falls of 47.7% in volume and 42% in value, the General Department of Vietnam Customs said.

Of note, the country’s imported motorcyles sharply increased to 4,776 units for $7.7 million in March, rising 87% on month in volume and up 82.3% on month in value, the customs department’s data showed.

Italy is the Vietnam’s largest CBU motorcyle supplier in the period with 2,130 pieces for $5.2 million, accounting for 45% of the country’s imported motorcyle quantity and 70% of the value. Thailand ranks second with 1,978 pieces and China stays third with 593 units.

The Southeast Asia country also spent a total of $197 million to import spare-parts of motorcyles in the Jan-March period, down 16% on year, including $60 million of March (down 20.7% on month).

Source TEI/StoxPlus

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