Source: baodautu.vn
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| Import of animal feed from the US, India and Argentina increased sharply in the first quarter of 2023. |
According to statistics of the General Department of Customs, imports of animal feed and raw materials to Vietnam still increased quite well, with the import level in March 2023 increasing by 12.9% compared to February 2023, reaching $415.3 million.
Generally, in the first quarter of 2023, imports of this group of goods reached nearly 1.16 billion USD, up 11.5% compared to the first quarter of 2022.
Import the most animal feed and raw materials from the market Argentinaaccounting for 30.9% of the total import turnover, reaching 358 million USD, a sharp increase of 35.5% compared to the first quarter of 2022.
The second is the Indian market, accounting for 16.8%, reaching over 195 million USD, up 220% over the same period in 2022; In March 2023 alone, imports from this market reached over 112 million USD, up 285.4% compared to February 2023 and sharply increased 326% compared to March 2022.
Next to the US market, imports in the quarter reached 170.8 million USD, up 16.7% over the same period last year, accounting for 14.7% of the total import turnover.
Particularly for these three markets, the import turnover has reached 725 million USD.
Import of animal feed and raw materials from the Southeast Asian market in the first quarter of 2023 decreased by 13.2% compared to the first quarter of 2022, reaching 79.19 million USD.
In 2022, Vietnam imported 10.32 million tons of raw materials and animal feed, spending $5.6 billion, down 1.1% in volume but up 13.6% in value compared to 2021.
Last year, there were 916 enterprise participating in importing animal feed ingredients to Vietnam, a decrease of 17 enterprises compared to 2021. In which, the importer with the highest turnover is CP Vietnam Livestock Joint Stock Company, with 409 million USD; followed by Khai Anh – Binh Thuan Joint Stock Company with USD 344.9 million; Cargill Vietnam Co., Ltd with 292 million USD…
In the opposite direction, the country’s livestock feed exports in the first quarter of 2023 fell deeply by approximately 16%, reaching 229.5 million USD. The trade deficit of this commodity group after the first quarter has reached 930 million USD.
Export of animal feed to China, the largest market, reached 99.7 million USD, down 20.4% compared to the first quarter of 2022, accounting for 43.5% of total export turnover.
Animal feed exports to the Cambodian market recorded an increase of 29.5% over the same period, reaching $41.28 million, accounting for 18% of the total turnover. The Malaysian market ranked third in turnover, reaching 22.93 million USD, a sharp increase of 46% over the same period.
Export of animal feed to the FTA-RCEP market in the first quarter of 2023 decreased by 8.6% over the same period, reaching 193.51 million USD, accounting for 84.3% of the total turnover. Export to the CPTTP market increased by 29% over the same period, reaching 29.48 million USD, accounting for 12.9% of the total turnover. Exports to the Southeast Asian market increased by 8.4% over the same period, reaching 80.89 million USD, accounting for 35.3%.
