December 23, 2024 | 17:53 GMT +7

  • Click to copy
Sunday- 12:48, 19/09/2021

Fertilizer imports reached over three million tons in eight months

(VAN) Vietnam's fertilizer imports increased sharply in the first eight months of this year, reaching more than three million tons, worth nearly USD 1 billion.
Fertilizer imports have reached over three million tons in the first eight months of the year. Photo: TL.

Fertilizer imports have reached over three million tons in the first eight months of the year. Photo: TL.

According to the General Department of Customs, as of August 2021, the whole country has imported 3.16 million tons of fertilizers of all kinds, equivalent to USD 909.34 million, with an average price of USD 287.6/ton, an increase of  20.7% in volume, 40.7% in turnover and 16.6% in price compared to the first eight months of 2020.

The fertilizers imported to Vietnam mostly come from China. In the past eight months, fertilizer imports from China reached 1.45 million tons, equivalent to USD 398.65 million, up 35.4% in volume, 65.4% in value over the same period in the previous year. Fertilizers imported from China accounted for 45.7% of the total volume and 43.8% of Vietnam's total fertilizer import turnover.

The Russian market is right behind the Chinese market. For the whole eight months of 2021, fertilizer imports from Russia reached 250,907 tons, equivalent to USD 82.61 million, accounting for 7.9% of the total volume and 9.1% of the total fertilizer import turnover of the whole country.

On the other hand, fertilizer imports from the Indonesian market in the first eight months of 2021 have also increased sharply, up 416% in volume, 686% in turnover in comparison to the same period in 2020, reaching 192,207 tons, equivalent to USD 75.81 million, accounting for 6% of the total volume and 8% of the total turnover.

In general, fertilizer imports in August 2021 seems to have experienced a slight decrease compared to the previous months, however, in consideration to the first eight months of 2020, fertilizer imports of the first eight months of this year from all market have shown signs of increase.

Author: Son Trang

Translated by Samuel Pham

Bulgaria’s oilseed harvest drops to decade low

Bulgaria’s oilseed harvest drops to decade low

(VAN) The total oilseed crop including sunflower, rapeseed and soybeans is estimated at 1.6 million tonnes, down from 2 million tonnes a year ago.  

Corn farmers score major win in Mexico GMO corn dispute

Corn farmers score major win in Mexico GMO corn dispute

(VAN) The USMCA dispute panel ruled in favor of the United States on Friday, stating Mexico violated the trade agreement with its decree to ban GMO corn.

Negotiations on exporting Vietnamese passion fruit to the United States

Negotiations on exporting Vietnamese passion fruit to the United States

(VAN) According to information from the Plant Protection Department (Ministry of Agriculture and Rural Development), Vietnam and the United States are negotiating plant quarantine measures for fresh passion fruit.

Livestock production sector is grappling with ‘export’

Livestock production sector is grappling with ‘export’

(VAN) Vietnam's livestock industry is still grappling with the challenge of limited export potential, in addition to its accomplishments.

EU grains output to rebound in 2025

EU grains output to rebound in 2025

(VAN) In its first forecast for the 2025 EU-27+UK grain crop, COCERAL foresees a 7% increase in production over the previous year.

The Philippines: the new China for Brazilian pork exports

The Philippines: the new China for Brazilian pork exports

(VAN) For the first time, the Philippines has become the leading destination for Brazilian pork exports surpassing China, the main destination since 2018. Before that, Russia lead this ranking for over a decade.

China spends more than VND 100,000 billion for Vietnamese fruits and vegetables

China spends more than VND 100,000 billion for Vietnamese fruits and vegetables

(VAN) In 11 months, fruit and vegetable exports to China reached more than USD 4.3 billion (VND 108,000 billion), up 28% over the same period in 2023, the highest ever.

Read more