Vietnam’s exports and imports of animal feed and materials in May
Tuesday, June 25,2019
AsemconnectVietnam - Vietnam’s exports of animal feed and materials decreased slightly in May, while the country’s imports of animal feed and materials increased month – on – month, according to the figures of the General Department of Customs.
Vietnam’s exports of animal feed and materials decreased in May
Vietnam’s exports of animal feed and materials in May of 2019 have decreased by 2 per cent compared to April of 2019, or 61 million dollars.
Generally, from the beginning of the year to the end of May 2019, the country’s exports of animal feed and materials reached 263.83 million USD, down by 10.4 per cent compared to the same period of 2018.
Leading export markets of animal feed and materials in May
Southeast Asia was the main export market for this group of products of Vietnam, accounting for 35 per cent of the proportion with 92.36 million USD, up by 3.21 per cent over the same period last year. Particularly in May of 2019, the country’s exports of animal feed and materials to Southeast Asia increased by 6.69 per cent compared with April of 2019 and by 5.01 per cent compared to May of 2018, reaching over 20 million USD.
Among the markets that imported animal feed and raw materials from Vietnam, China was leading with 69.91 million USD, however, compared to the same period, it declined by 22.32 per cent. In May of 2019, the exports to this market also decreased by 34.69 per cent compared to April of 2019 and decreased by 48.58 per cent compared to May of 2018 to 14.72 million USD.
The followings were Cambodia and India. The country’s exports of animal feed and materials to Cambodia increased by 8.3 per cent to 38.77 million USD. Particularly, in May, the country’s exports of animal feed and materials to this market decreased by 0.3 per cent compared with April 2019 to only 7.51 million USD. Meanwhile, the exports to India decreased by 21.73 per cent, equivalent to 29.28 million USD, but the exports in May of 2019 increased by 50.34 per cent compared to April of 2019 to 9.88 million USD.
In addition, Vietnam also exported to other markets such as the US, Singapore, South Korea, etc.
In the first 5 months of 2019, the country’s exports of animal feed and raw materials to almost all markets decreased. The export to the Korean market decreased the most by 41.49 per cent over the same period last year to 7.68 million USD. In May of 2019 alone, the country’s exports of animal feed and materials to South Korea reached 1.44 million USD, down by 44.45 per cent compared to April of 2019 and decreased by 8.1 per cent compared to May of 2018.
On the other hand, Bangladesh’s imports of animal feed and raw materials from Vietnam increased by 42.72 per cent over the same period last year to 6.75 million USD. In May of 2019 alone, the country’s exports of animal feed and materials to Bangladesh reached 2.35 million USD, 2 times higher than April of 2019 and 3.5 times (corresponding to 254.64 per cent) higher than the figure of May of 2018.
Vietnam’s imports of animal feed and materials increased in May
Vietnam imported US$353 million worth of animal feed and materials in May of this year, increased by 28.47 per cent over the previous month and by 3.92 per cent in value over the same month of last year, showed the statistics figures of the General Department of Customs.
In May, Vietnam’s imports of animal feed and materials from Argentina reached $154 million, increased by 69.02 per cent compared with the previous month and by 64.24 per cent over the same month of last year. The figure brought the country’s total imports of animal feed and materials from Argentina in the first 5 months of this year to over $521 million, accounted for 35.4 per cent of the total market share.
It was followed by the U.S with over $42 million in May, down by 22.73 per cent month – on – month and down by 25.34 per cent over the same month of last year. The figure brought the country’s total imports of animal feed and materials from the U.S in the first 5 months of this year to over $290 million, up by 14.61 per cent year – on – year.
Meanwhile, the imports animal feed and materials from Brazil reached over $27 million in May, up by 444 per cent month – on – month but down by 63.58 per cent year – on – year. The total imports of animal feed and materials from Brazil in the first 5 months of this year reached over $114 million, increased by 38.46 per cent year – on – year.
In the first 5 months of this year, Vietnam spent over $1.6 billion on importing animal feed and materials, up by 0.28 per cent over the same period last year.
In the period, the country’s imports of animal feed and materials from Australia reached $14.9 million, increased sharply by 152.91 per cent; from Canada –$21.8 million, up by 140.68 per cent; from Spain – over $5 million, up by 45.94 per cent; and from Chile – over $4.6 million, up by 42.86 per cent year – on – year.
Vietnam also imported wheat, corn, soybean; oil and grease as materials for producing animal feed and materials in the first 5 months of this year.
Wheat: Vietnam’s imports of wheat were estimated at 293,000 tons worth of $82 million in May and over 1,045,000 tons worth of over $294 million in the first 5 months of this year, decreased by 58 per cent in quantity and by 49.73 per cent in value compared with the same period of 2018.
The leading wheat import markets in the first 5 months of this year were Australia with the market share of 46 per cent; Russia – 17 per cent; Canada – 11 per cent; and the U.S – 3 per cent.
In the first 5 months of this year, the imports of wheat from Russia decreased by 86.38 per cent in quantity and 83.24 per cent in value year – on - year, while the imports from the U.S decreased by 70.6 per cent in quantity and 71.46 per cent in value; from Russia – down by 60.15 per cent in quantity and 48.64 per cent in value and from Australia – down by 17.73 per cent in quantity and 7.89 per cent in value compared with the same period last year. However, the imports from Brazil increased sharply by 10.98 per cent in quantity and 41.36 per cent in value over the same period last year.
Soybean: Vietnam’s imports of soybean reached 179,000 tons worth of over $72 million in May and over 769,000 tons worth of $304 million in the first 5 months of this year, increased by 6.96 per cent in quantity but down by 2.5 per cent in value compared with the same period of 2018.
Corn: The imports of corn reached over 1,147,000 tons worth of $235 million in May and over 4 million tons worth of $862 million in the first 5 months of this year,
increased by 0.51 per cent in quantity and 6.29 per cent in value compared with the same period of 2018.
Argentina and Brazil were the leading soybean import markets of Vietnam in the first 5 months of this year with 56 per cent and 41 per cent of the total market share, respectively.
Especially, in the first 5 months of this year, the imports of corn from Argentina decreased sharply by 11.86 per cent in quantity and 6.3 per cent in value compared with the same period last year.
CK
Source: VITIC
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