November 23, 2024 | 14:51 GMT +7
Hotline: 0913.378.918
November 23, 2024 | 14:51 GMT +7
Hotline: 0913.378.918
Fertilizer imports in 10 months have hit over USD 1 billion. Photo: TL.
According to the General Department of Vietnam Customs, fertilizer imports into Vietnam in the first ten months of this year totaled 3.8 million tons with a value of USD 1.15 billion, a year-on-year increase of 20.4 percent in volume and 46.8 percent in value.
Thus, in just ten months, fertilizer import turnover surpassed the previous year's total of USD 925 million and returned to USD 1 billion after a year away from this landmark.
Vietnam imports the majority of fertilizer from the Chinese market. Between January and October 2021, imports from China totaled 1.7 million tons, valued at USD 490.31 million, an increase of 28.9 percent and 63.7 percent respectively over the same period in 2020. Fertilizers imported from China accounted for 44.6% of total volume and 42.7 percent of total fertilizer import turnover in the entire country.
Fertilizer imports from Southeast Asia were 429,531 tons, valued at USD 151.21 million, increasing 42.8 percent in volume and 108.8 percent in value over the previous ten months. This is Vietnam's second-largest importer of fertilizer, accounting for 13.18 percent of overall import turnover.
The Russian market is in the third position with 329,307 tons worth USD 112.91 million, up 12 percent in volume and 22.5 percent in revenue during the first ten months of 2020, accounting for 9.84 percent of overall revenue.
Translated by Linh Linh
(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.
(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.
(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%.
(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.
(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.
(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.
(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.
