AsemconnectVietnam - The preliminary statistics figures from the General Department of Customs showed that, in the first 3 months of 2024, Vietnam’s exports of animal feed and raw materials reached nearly 222.27 million USD, down by 3.1% compared to the first 3 months of the year 2023.

Meanwhile, in the first 3 months of 2024, the imports of animal feed and raw materials reached nearly 1.21 billion USD, an increase of 4.2% compared to the first 3 months of 2023.
Vietnam’s exports of animal feed and raw materials in March and the first 3 months of 2024
According to the preliminary statistics figures from the General Department of Customs, in the first 3 months of 2024, Vietnam’s exports of animal feed and raw materials reached nearly 222.27 million USD, down by 3.1% compared to the first 3 months of the year 2023.
In March of 2024 alone, the country’s exports of animal feed and materials reached 79.57 million USD, an increase of 36.7% compared to February of 2024 and a decrease of 23.3% compared to March of 2023.
Vietnam's main export markets for animal feed and raw materials in March and the first 3 months of 2024
China was Vietnam's largest export market for animal feed and raw materials, accounting for 35.9% of the country's total export turnover of animal feed and raw materials. In the first 3 months of 2024, the country’s exports of animal feed and raw materials to this market reached over 79.85 million USD, down by 19.9% compared to the first 3 months of 2023. In March of 2024 alone, the country’s exports to this market reached 31.27 million USD, up by 47% compared to February of 2024 but down by 38.2% compared to March of 2023.
The next was the Cambodian market, reaching 30.5 million USD, down by 26%, accounting for 13.7%; Malaysia reached 26.48 million USD, an increase of 15.5%, accounting for 11.9%; the U.S reached 27.67 million USD, a sharp increase of 154%, accounting for 12.5%.
The Southeast Asian market was leading the list of the country’s major export markets of animal feed and materials, with over 71.73 million USD, down by 11.3% compared to the first 3 months of 2023, accounting for 32.3% of the total exports of animal feed and raw materials of the country.
Vietnam’s imports of animal feed and raw materials in March and the first 3 months of 2024
The preliminary statistics figures from the General Department of Customs showed that, Vietnam’s imports of animal feed and raw materials in March of 2024 increased by 37% compared to February of 2024 and increased by 12.6% compared to March of 2023, reaching 467.66 million USD. Overall, in the first 3 months of 2024, the country’s total imports of this product group reached nearly 1.21 billion USD, an increase of 4.2% compared to the first 3 months of 2023.
Vietnam's main import markets for animal feed and raw materials in March and the first 3 months of 2024
The largest animal feed and raw material import market was the US market, accounting for 23.8% of the country's total import turnover of this product group, reaching nearly 287.81 million USD, an increase of 68.5% compared the first 3 months of 2023. In March of 2024 alone, the figure reached 121.83 million USD, an increase of 34% compared to February of 2024 and an increase of 168% compared to March of 2023.
The Argentine market ranked second, accounting for 20.1%, reaching 243.4 million USD, down by 32% over the same period of 2023. In March of 2024 alone, the country’s imports of animal feed and materials from this market reached nearly 113.97 million USD, a sharp increase of 284% compared to February of 2024 and an increase of 55.3% compared to March of 2023.
The next was the Brazilian market. In March of 2024, the country’s imports of animal feed and materials from Brazil decreased sharply by 62% compared to February of 2024 and decreased by 28% compared to March of 2023, reaching nearly 38.72 million USD. In the first 3 months of 2024, the country’s imports of animal feed and materials from this market increased sharply by 117.5% compared to the first 3 months of 2023; reaching over 195.73 million USD, accounting for 16.2% of the total turnover.
The imports of animal feed and raw materials from the Southeast Asian market in the first 3 months of 2024 increased by 7.1% compared to the first 3 months of 2023, reaching over 84.82 million USD, accounting for 7% while the imports from the EU market decreased sharply by 64.6%, reaching 32.94 million USD, accounting for 2.7%.
CK
Source: VITIC