Due to the high demand for animal feed productions, maize importation to Vietnam continues to increase sharply in recent years and, at the moment, has reached around 1 million tons per month.
Statistics from the General Department of Vietnam Customs show that in 2020, Vietnam imported more than 12,072 million tons of maize, worth US$ 2.4 billion, up 5% in volume and 2.8% in value compared to 2019. This is also the first year for the amount of maize imported to Vietnam to exceed 12 million tons.
Consequently, in the past year, on average, around 1 million tons of maize are imported to Vietnam every month.
Maize importation is gradually increasing, while in January 2021, Vietnam has imported 1.147 million tons of maize, up 53.7% in volume and 61.2% in value compared to January 2020.
Most of Vietnam’s maize importations come from Argentina. In 2020, Vietnam has imported maize from Argentina with a volume of around 8 million tons, valued at US$ 1.6 billion.
Maize is imported from Argentina much more than the country that ranks second, Brazil. In 2020, Maize imported from Brazil reached 3.063 million tons, valued at approximately US$ 600 million.
Maize imported to Vietnam continues to increase sharply in recent years, firstly due to the strong development of the animal feed industry.
In 2020, despite the difficulties by Covid-19, many animal feed factories in Vietnam are still inaugurated and put into operation. For instance, the animal feed factory of C.P Vietnam located in Binh Phuoc province has the most advanced technology in the world with the phase 1 capacity of 300,000 tons a year; Japfa’s animal feed factory, situated in Binh Dinh province, has the capacity of 180,000 tons a year…
With new projects put into operation, at the end of 2020, the total capacity of animal feed processing factories in Vietnam has reached about 40 million tons a year. The output of Vietnam’s animal feed in 2020 has struck a number exceeding 20 million tons, taking the lead in the ASEAN areas and have a spot in the Top 10 countries with the largest production of animal feed in the world.
With such large output, Vietnam’s animal feed industry isn’t only meeting the needs of domestic livestock development fundamentally, but also promotes exports with a value of more than US$ 800 million in 2020.
Considering the fact that Vietnam is having a policy to promote the development of husbandry and aquaculture, the animal feed industry will continue to expand in scale, increase capacity and output in the coming years. Therefore, imports of maize to Vietnam are forecasted to continue to increase.
Information from the International Pepper Community shows that Vietnam continues to be the largest pepper producer and exporter in the world in 2020.
In the first month of this year, Vietnam’s importation of soybean has strongly increased in both volume and value.
Vietnam’s exportation of seafood, vegetables … to the UK has made steady and positive growth in January, which includes the impacts from the UKVFTA.
As the market share continues to increase, Vietnam cashew nuts have accounted for approximately 90% of the US cashew imports in 2020.
China’s fruit imports value has been increasing and topped US$ 10 billion for the first time in 2020.
China has boosted its grain imports as its hog farming has recovered while it has faced corn shortfall, which is reshaping the global grain market.