November 15, 2024 | 02:49 GMT +7
Hotline: 0913.378.918
November 15, 2024 | 02:49 GMT +7
Hotline: 0913.378.918
Vietnam imported more than 4.5 million tons of fertilizer last year. Photo: TL.
According to the General Department of Vietnam Customs, in 2021, fertilizer import of the country reached 4.54 million tons, with a turnover of USD 1.45 billion, an average price of USD 319.7/ton, up 19.4% in quantity, up 52.6% in turnover 27.8% in price compared to 2020.
China is the major market supplying all kinds of fertilizers to Vietnam, accounting for 44.5% of the total quantity and 42% of the country’s total fertilizer import turnover, reaching 2.02 million tons, worth USD 610.29 million, up 27.3% in quantity and 65.6% in value.
The following second is the Southeast Asian market. In 2021, fertilizer import from this market increased sharply by 37.2% in quantity and 117.4% in turnover compared to 2020, reaching 504,838 tons, worth USD 190.44 million.
The next in line is the Russian market. The total import quantity of fertilizer from Russia in 2021 reached 386,193 tons, worth USD 143.5 million, up 7.9% in quantity and 30.3% in turnover compared to 2020.
Translated by Hoang Duy
(VAN) The assignment of production unit codes is a mandatory requirement, akin to a "passport," that enables the exportation of numerous specialty fruits from Hau Giang to demanding markets.
(VAN) If realized, production would be up slightly from a projected 19.7 million tonnes 2023-24.
(VAN) Vietnam's seafood exports to China saw strong growth in the first 10 months of the year, making China - Hong Kong the largest market for Vietnamese seafood exports.
(VAN) The trade deficit has decreased after 15 years of encouraging Vietnamese citizens to prioritize the use of Vietnamese products, and there has been a consistent trade surplus since 2016.
(VAN) After a sharp decline in 2023, fertilizer exports have regained growth this year, both in volume and value, although export prices are still on a downward trend.
(VAN) Despite the numerous obstacles, Vietnam is confident that its seafood export turnover will surpass 10 billion USD in 2024.
(VAN) The United States is the largest market for Vietnamese seafood. Exports to this market will present both opportunities and challenges with Donald Trump's return to the presidency.
