According to the General Department of Customs, exports of cassava and cassava products in January 2021 were estimated at 472,805 tons, equivalent to US$ 174.62 million, increasing 122.9% in volume and 139.7% in turnover compared to January 2020.
Regarding kinds of product, cassava chips export was estimated at 168,864 tons, equivalent to US$ 40.89 million, a sharp increase of 228% in volume, 364% in turnover compared to January 2020.
China remains a large market for Vietnam's cassava exports, accounting for nearly 96% of the country's total export volume and value of this commodity group in January. In particular, cassava export volume and value to China in the first month of the year increased very strongly, reaching 453,456 tons, equivalent to US$ 166.56 million, up 127.7% in volume and 146.5% in value compared to January 2020.
Compared to December 2020, cassava exports to China in January increased 22% in both volume and value. This shows that China is still promoting the purchase of Vietnamese cassava, resulting in the increase in cassava export in the first month of the year.
In addition to the Chinese market, cassava and cassava products exported to other few markets in January reached over US$ 1 million: Korea 9,279 tons, equivalent to US$ 3.08 million; Taiwan 5,491 tons, equivalent to US$ 2.51 million.
As a result of the world’s burgeoning demand for cassava import, in February 2021, Thailand re-set the price floor of exported cassava products including starch and chips.
After Tet Holiday, early winter-spring rice in the Mekong Delta is yielding a productive harvest. A lot of traders have deposited with farmers to buy rice particularly early at a high price.
Even though the amount of coffee imported to Japan has the propensity to decrease in 2020, this market still increases the coffee imports from Vietnam.
In the first month of 2021, while exports of many agricultural products faced difficulties due to the shortage of containers, wood exports continued to grow strongly and reached over US$1 billion.