Vietnam sharply increases milk importation from ASEAN

According to the General Department of Vietnam Customs, Vietnam’s milk and dairy products imports in January 2021 have reached US$ 91.2 million, up 18.7% in comparison to December 2020, up 10.4% in comparison to January 2020.

Milk and dairy products are still imported mostly from the New Zealand market, with US$ 25.37 million, accounting for 27.8% of the total import turnover of milk and dairy products of the country, which is a 9.6% increase compared to December 2020, but a 19.5% decrease compared to January 2020.

In particular, during the recent January, milk and dairy products’ importations from the ASEAN areas have sharply increased. To be specific, the import value of milk and dairy products from ASEAN reached US$ 21.48 million, up 31.6% compared to December 2020 and up to 129.2% compared to January 2020. With the following strong increase, milk and dairy products from ASEAN account for 23.6% of the total import turnover of Vietnam in January.

In the ASEAN areas, Vietnam imports milk mainly from Malaysia, Thailand and Singapore. These 3 countries are also among the Top 10 largest dairy exporter to Vietnam in 2020 (in 11 months of 2020, Malaysia ranked third with US$ 62 million, Thailand ranked fourth with 57 million USD and Singapore ranked seventh with US$ 42 million).

In 2020, Vietnam sharply reduces imports of milk and dairy products from Singapore (down 53.45% in the 11 months of 2020), whereas, in recent January, milk and dairy products from Singapore imported to Vietnam have increased greatly, reached US$ 10 million, up to 53.5% over December 2020 and up 488.5% over January 2020.

Vietnam strongly increases the country’s importation of milk and dairy products from Malaysia in 2020 (up 21.65% in 11 months). In this year’s January, imports from Malaysia keep up the continual sharp increase, reached 6.9%, which is 51.7% higher compared to December 2020 and 121% higher compared to January 2020.

In contrast to Singapore and Malaysia, milk and dairy products imports from Thailand are 0.14% lower in comparison to January 2020, reached US$ 4.5 million.

Milk and dairy products imported from the EU market also show a positive increase. In January, Vietnam imported US$ 14.51 million of milk and dairy products from the EU, up 30.3% over December 2020 and 13.7% over January 2020, attributed 15.9% of the total import turnover. 

In general, milk and dairy products imports from most markets in the first month of the year all increased in turnover compared to December 2020. Several markets with strong growth include the USA (up 41.12%), France (up 37.52%), Ireland (up 368.57%), Belgium (109.4%)…