Export of animal feed to the US increased sharply

According to the Industry and Trade Information Centre (Ministry of Industry and Trade), the export of animal feed and raw materials to the US market in March 2022 reached $12.29 million, up 37% compared to February 2022 and an increase of 30% compared to March 2021.

Generally speaking for the whole first quarter, export of animal feed and raw materials to the US market reached $31.22 million, increased sharply by 31.9% compared to the first quarter of 2021 and accounted for 11.5% of the total turnover.

According to the General Department of Customs, in the first quarter of this year, the export of animal feed and raw materials reached $272.55 million, increasing strongly by 35.5% compared to the same period last year.

China is still the largest market for Vietnam's animal feed and raw materials, reaching over $125.18 million, a sharp increase of 140.8% compared to the first quarter of 2021 and accounting for 45.9% of the total export turnover of this group of merchandise of the country.

The following market is Cambodia, which accounted for 11.7%, reaching nearly $31.88 million, down 5.3%. The US is currently the third-largest market for Vietnam's animal feed and raw materials exports.