April 4, 2025 | 09:32 GMT +7
Hotline: 0913.378.918
April 4, 2025 | 09:32 GMT +7
Hotline: 0913.378.918
Fertilizer exports hit an all-time record high in 2021. Photo: TL.
According to the General Department of Customs, in 2021 Vietnam exported over 1.35 million tons of fertilizer, earning USD 559.35 million, up 16.4% in volume and 64.2% in turnover compared to 2020. This concluded an all-time record high in fertilizers exported last year.
Cambodia is Vietnam's largest fertilizer market, accounting for 40.2% of the total volume and 37.4% of the country's total fertilizer export turnover. Fertilizer exports to Cambodia reached 544,443 tons, equivalent to over USD 209.18 million, up 29.2% in volume and 59% in turnover compared to the figures in 2020.
Vietnam's second largest fertilizer market (in terms of value) is South Korea. Vietnam exports 97,789 tons of fertilizer to the South Korean market in 2021 which amounted to USD 70.84 million with an average price of USD 724.4/ton. This resulted in a spectacular increase of 379% in volume, 2,001% in turnover and 338.7% in price in comparison to the previous year.
Fertilizer exports to the Malaysian market in 2021 reached 106,917 tons, worth USD 36.16 million, up 14.3% in volume and 97.6% in turnover.
Fertilizer exports to the Philippines market reached 61,385 tons, valued at USD 26.03 million, up 242.4% in volume and 401.6% in turnover compared to 2020.
Translated by Samuel Pham
(VAN) Cited from Mr. Pham Quang Huy, Vietnam's Agricultural Attaché in the U.S: The United States will impose a 10% tariff on all partners and specific reciprocal tariffs on several countries.
(VAN) According to the aggregated data from the Ministry of Industry and Trade, since 2002, the United States has risen to this position and has maintained it ever since.
(VAN) A fertilizer market analyst says prices remain high heading into planting season.
(VAN) Environmental protection policies in various markets are constantly evolving, and without adequate preparation to meet these demands, businesses may lose their competitive edge.
(VAN) Vietnam needs to have a comprehensive strategy for developing the Halal ecosystem, while also building a national brand for Halal agricultural exports in order to compete.
(VAN) Efforts are in progress to establish a direct export route.
/2025/03/28/4222-2-113617_215.jpg)
(VAN) Vietnam Outstanding Export Products Fair 2025 gathered more than 700 booths, displaying key products such as agricultural products, food, handicrafts, and textiles.
