November 23, 2024 | 18:51 GMT +7

  • Click to copy
Saturday- 11:22, 29/01/2022

Fertilizer exports hit an all-time record high

(VAN) Fertilizer exports increased sharply in both volume and turnover. Fertilizers exported last year set an all-time record high.
Fertilizer exports hit an all-time record high in 2021. Photo: TL.

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.

Author: Son Trang

Translated by Samuel Pham

IGC sees global grain stocks tightening

IGC sees global grain stocks tightening

(VAN) In its monthly grain market report, released on Nov. 21, the IGC revised total grains ending stocks lower by 8 million tonnes, to 576 million, a 3.5% decrease from the previous year.

How to escape the 'cheap price trap' for tea exports?

How to escape the 'cheap price trap' for tea exports?

(VAN) Vietnam's tea industry, one of the top five tea-exporting countries in the world, is facing a concerning reality as the average export price of Vietnamese tea is only 67% of the global tea price.

Fruit and vegetable prices surge in Russia, driving inflation

Fruit and vegetable prices surge in Russia, driving inflation

(VAN) Analysts at EastFruit have observed that fruits and vegetables are contributing to inflation in Russia, despite the government's efforts to combat it through fiscal policies and an increase in the key interest rate to 21%.

The importance of tea varieties for the Vietnamese tea industry

The importance of tea varieties for the Vietnamese tea industry

(VAN) Expanding high-quality tea varieties has become a strategic goal for Vietnam's tea industry to increase export value and escape the 'cheap price trap' when exporting tea to global markets.

Developing OCOP products to reach export markets worldwide

Developing OCOP products to reach export markets worldwide

(VAN) After implementing the OCOP program, several products from Bac Kan Province have established a strong presence in the market and are moving towards export.

Nearly 10 tons of bird's nest were exported to China

Nearly 10 tons of bird's nest were exported to China

(VAN) On November 20, a Vietnamese company exported nearly 10 tons of bird's nest to China's market through the Bac Luan II border gate in Quang Ninh.

Halal certification helps enhance the position of Vietnamese agricultural products

Halal certification helps enhance the position of Vietnamese agricultural products

(VAN) Many businesses believe that Halal market is huge and has a lot of potential; even in Vietnam, there are Muslims, and improving product quality is important.

Read more