AsemconnectVietnam - The statistics of the General Department of Customs showed that, in the first quarter of 2023, the whole country exported 404,912 tonnes of fertilizers of all kinds, equivalent to 183.58 million USD, the average price was 453.4 USD/tonne, a sharp decrease in turnover compared with the same period last year.

Also in the first quarter of this yeawr, the country's imports of 387.5 USD/tonne.
Vietnam’s fertilizer exports in March and the first 3 months of 2023
In the first quarter of 2023, the whole country exported 404,912 tonnes of fertilizers of all kinds, equivalent to 183.58 million USD, with the average price of 453.4 USD/tonne.
According to the statistics figures of the General Department of Customs, in the first quarter of 2023, the whole country exported 404,912 tonnes of fertilizers of all kinds, equivalent to 183.58 million USD, the average price was 453.4 USD/tonne, down by 14.6% in volume, down by 40.2% in turnover and 30% in price compared to the first quarter of 2022.
Particularly in March of 2023, 126,638 tonnes of fertilizers of all kinds were exported, reaching 54.62 million USD, priced at 431.3 USD/tonne, down by over 16% in both volume and turnover but increased slightly by 0.2% in price compared with February of 2023. In comparison to March of 2022, the figure increased by 4.2% in volume, but decreased by 16.4% in turnover and decreased by 19.7% in price.
Leading fertilizer export markets in March and the first three months of 2023
Vietnam's fertilizer exports were mainly to Cambodia, which alone accounted for 26% of the country's total fertilizer export volume and turnover, reaching 105,480 tonnes, equivalent to 47.63 million USD, the average price was 451.5 USD/tonne, increasing by 7.9% in volume but decreasing by 2.2% in turnover and the price decreasing by 9.3% compared to the first quarter of 2022.
Particularly in March of 2023, the exports to this market reached 44,111 tonnes, equivalent to 18.05 million USD, the average price was 409 USD/tonne, up by 56.9% in volume and 37.4% in turnover, but the price decreased by 12.4% compared to February of 2023.
Behind Cambodia's main market was the South Korean market with 44,418 tonnes, equivalent to 16.77 million USD, the average price of 377.5 USD/tonne, a sharp increase of 46.3% in volume, but a decrease of 27% in turnover and 50% in price, accounting for 11% of the total volume and 9.1% of the total fertilizer export turnover of the country.
The exports to the Malaysian market reached 29,876 tonnes, equivalent to 10.18 million USD, the average price was 340.6 USD/tonne, down by 23.4% in volume, 34.7% in turnover and 14.7% in price, accounting for 7.4% of the total volume and 5.5% of the total turnover.
The exports to RCEP FTA markets reached 219,925 tonnes, equivalent to 96.5 million USD, down by 4.1% in volume, down by 23.6% in turnover. Meanwhile, the exports to FTA CPTTP markets reached 31,944 tonnes, equivalent to 11.18 million USD, down by 33% in volume, down by 48% in turnover; and the exports to the Southeast Asian market reached 173,439 tonnes, equivalent to 78.73 million USD, down by 8.9% in volume, down by 19.2% in turnover.
Vietnam’s imports of fertilizer in March and the first three months of 2023
In the first quarter of 2023, Vietnam’s fertilizer imports reached 612,900 tonnes, worth over 237.52 million USD, the average price was 387.5 USD/tonne.
According to the preliminary statistics figures of the General Department of Customs, in March of 2023, the whole country imported 291,402 tonnes of fertilizer, equivalent to 113.2 million USD, the average price was 388.5 USD/tonne, up by 59.6% in volume, up by 67.7% in turnover and 5% in price compared to February of 2023. In comparison to March of 2022, the figure decreased by 13.3%, 27.7% and 16.6% respectively in volume, turnover and price.
In March of 2023, fertilizer imports from the main market China increased by 63% in volume, increased by 56.9% in turnover, but decreased by 3.7% in price compared to February of 2023, reaching 143,876 tonnes, equivalent to 143,876 50.05 million USD, and the price was at 347.8 USD/tonne
In comparison to March of 2022, it increased by 4.4% in volume, but decreased by 5% in turnover and decreased by 9% in price. The imports from the South Korean market in March of 2023 fell sharply by 64.7% in volume, 74.6% in turnover and 28.2% in price compared to February of 2023, reaching 5,678 tonnes, equivalent to over 3.18 million USD, price of 560.8 USD/tonne. In comparison with March of 2022, it increased strongly by 75.3% in volume, 140% in turnover and 37% in price.
Generally, in the first quarter of 2023, the country's fertilizer imports reached 612,900 tonnes, worth of over 237.52 million USD, the average price was 387.5 USD/tonne, down by 34% in volume, down by 46.2 % in turnover and down by 18.5% in price compared to the first quarter of 2022.
Leading fertilizer import markets in March and the first three months of 2023
China was still the leading fertilizer supplier to Vietnam, accounting for 49.3% of the total volume and 45.2% of the total fertilizer import turnover of the country, reaching 301,969 tonnes, equivalent to 107. 46 million USD, average price 355.9 USD/tonne, down by 16.7% in volume, down by 26% in turnover and down by 11.3% in price compared to the first quarter of 2022.
The South Korean market ranked second, accounting for 5% of the total volume and 7.9% of the total turnover, with 30,957 tonnes, equivalent to 18.74 million USD, the average price of 605.5 USD/tonne, down by 21.3% in volume, down by 17% in turnover but up by 5.5% in price compared to the first quarter of 2022.
Fertilizer imports from the Southeast Asian market reached 88,662 tonnes, equivalent to 36.89 million USD, up by 30% in volume, down by 8.4% in turnover over the same period last year, accounting for 14% of the total volume and accounting for 15.5 % of the total fertilizer import turnover of the country.
Fertilizers imported from the FTA CPTTP market reached 87,506 tonnes, equivalent to 13.44 million USD, down by 50% in volume, down by 77.3% in turnover over the same period last year, accounting for 14.3% of the total volume and accounting for 5.7% of the total fertilizer import turnover of the country.
Fertilizer imports from the RCEP FTA market reached 496,983 tonnes, equivalent to 171.34 million USD, down by 15.7% in volume, down by 26.6% in turnover over the same period last year, accounting for 81% of the total volume and accounting for 73 % of the total fertilizer import turnover of the country.
CK
Source: VITIC