March 2, 2021 | 20:15 GMT +7

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Friday- 06:25, 05/02/2021

Vietnam gains cassava export growth in 2020

Vietnam’s export of cassava chip and cassava-made products in 2020 increased in both volume and value, mainly to China.
Vietnam's export value of cassava chips and cassava-made products reached more than US$1 billion in 2020

Vietnam's export value of cassava chips and cassava-made products reached more than US$1 billion in 2020

Vietnam’s export of cassava chip and cassava-made products in 2020 increased in both volume and value, mainly to China.

According to the General Department of Customs, in 2020, the exports reached 2.81 million tonnes, earning more than $1 billion, up 10.9 per cent in volume and 4.7 per cent in value compared to 2019.

The average export price of those products last year was $360.2 per tonne, down 5.6 per cent year on year.

In 2020, cassava was one of Vietnam’s few agricultural products gained a growth in exports compared to 2019.

Of which, the cassava chip exports reached 649,530 tonnes worth $141.5 million, up 62.2 per cent in volume and 78.5 per cent in value year on year. The average export price of cassava was $217.9 per tonne, 10 per cent higher than that in 2019.

Meanwhile, the exports of cassava chip and cassava-made products to China accounted for 92.11 per cent of the national total cassava exports to reach 2.58 million tonnes, worth $928.82 million. Those increased 12.9 per cent in volume and 6.2 per cent in value year on year.

In China market, Vietnam is currently the second largest supplier of both cassava chips and tapioca starch, according to China’s General Department of Customs.

This general department said in the first 11 months of 2020, China’s import value of cassava chips reached $717.49 million, up 19.5 per cent over the same period in 2019.

Thailand, Vietnam, Laos, Cambodia and Indonesia were the five largest cassava chips suppliers for China in the first 11 months of 2020.

Of which, Vietnam was the second largest cassava chip suppliers with 92.2 million, up 139.6 per cent over the same period in 2019. Vietnam's cassava chips accounted for 12.84 per cent of China's total cassava chip imports, up sharply from 6.41 per cent in the first 11 months of 2019.

A cassava field in Vietnam.

A cassava field in Vietnam.

Meanwhile, during that period, China imported 2.46 million tonnes of tapioca starch, worth $1 billion, mainly from Thailand, Vietnam, Laos and Cambodia. The imports surged by 15.4 per cent in volume and 8 per cent in value over the same period in 2019.

Of which, Vietnam was the second largest supplier of tapioca to China with 915,700 tonnes, worth about $360 million, up 39.8 per cent in volume and 32.7 per cent.

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