Vietnam’s exports and imports of animal feed and materials in first four months of 2019
Wednesday, June 12,2019
AsemconnectVietnam - In the first four months of this year, Vietnam’s exports of animal feed and materials reached 202.77 million USD, decreased by 7.9 per cent compared to the same period last year, according to the statistics figures of the General Department of Customs.
Also in the first four months of this year, Vietnam spent 1,261,741 USD on importing animal feed and materials, decreased slightly by 0.6 per cent year – on – year.
Vietnam’s exports of animal feed and materials fell in four months
In April of 2019, Vietnam’s exports of animal feed and raw materials increased by 10.4 per cent compared to the previous month to over 202 million USD, contributing 0.25 per cent into the total export turnover of the country.
According to preliminary statistics figures from the General Department of Customs, Vietnam had to import billions worth of animal feed and raw materials every year, and the export turnover of this commodity group increased continuously in the recent years.
In 2017, the export turnover of animal feed and materials only increased by 4 per cent year – on - year, but in 2018 it increased by 14.2 per cent. In January of 2019, the exports of animal feed and materials increased by 10.1 per cent compared to December 2018, but decreased by 4.5 per cent compared to January of 2018. In February of 2019, the exports of animal feed and materials decreased by 30.5 per cent over the previous month, but in April of 2019, the exports of animal feed and materials increased by 10.4 per cent compared to March of 2019 with 62.2 million USD. The total exports of animal feed and materials in the first 4 months of 2019 reached 202.77 million USD, accounting for 0.25 per cent of the total, but decreased by 7.9 per cent compared to the same period last year.
Major export markets of animal feed and materials
Vietnam exported animal feed and materials mostly to Southeast Asia - the main market, accounting for 35.65 per cent of the proportion.
Among the top 10 export markets for animal feed and raw materials in Vietnam, there were 5 markets with declining turnover - this is one of the reasons for the decline in export turnover of this commodity group.
Accordingly, China was leading with the turnover of 55.18 million USD, but down by 10.37 per cent over the same period last year. In April 2019 alone, Vietnam exported to this market 22.5 million USD worth of animal feed and materials, an increase of 35.83 per cent compared to March of 2019 but decreased by 11.81 per cent compared to April of 2018.
The second was Cambodia market, with the export turnover of 31.25 million USD, increasing by 8.22 per cent compared to the first 4 months of 2018. In April of 2019 alone, it was exported to 7.54 million USD, down by 11.21 per cent compared to March of 2019 but increased by 10.03 per cent compared to April of 2018.
Malaysia ranked third with the export turnover of 21.21 million USD, up by 8.22 per cent over the same period last year. Among these markets, the exports to India, the U.S and Thailand declined.
In the group of 10 key markets, the exports to India fell the most by 35.79 per cent, equivalent to 19.4 million USD. In April of this year, the exports of animal feed and materials to India decreased by 2.73 per cent over the previous month and by 33.93 per cent compared to April of 2018. The next was the US market – decreased by 29.84 per cent and Thailand - down by 28.62 per cent.
Notably, in April of 2019, Vietnam increased the exports of animal feed and raw materials to the two markets, South Korea and Indonesia. The exports to South Korea increased by 104.09 per cent and to Indonesia – increased by more than 2 times (corresponding to 100.24 per cent) compared to March of 2019.
Vietnam’s imports of animal feed and materials also fell in four months
Vietnam imported US$275 million worth of animal feed and materials in April of this year, decreased by 20.26 per cent over the previous month and by 21.2 per cent in value over the same month of last year, showed the statistics figures of the General Department of Customs.
In April, Vietnam’s imports of animal feed and materials from Argentina reached $91million, decreased by 26.38 per cent compared with the previous month and by 43.56 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 4 months of this year to over $417 million, accounted for 33.1 per cent of the total market share.
It was followed by the U.S with over $54 million in April, up by 18.5 per cent month – on – month and by 7.63 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 4 months of this year to over $248 million, up by 26.09 per cent year – on – year.
Meanwhile, the imports animal feed and materials from India reached over $17 million in April, up by 7.4 per cent month – on – month and by 104.07 per cent year – on – year. The total imports of animal feed and materials from India in the first 4 months of this year reached over $73 million, decreased by 4.15 per cent year – on – year.
In the first 4 months of this year, Vietnam spent over $1.2 billion on importing animal feed and materials, down by 0.62 per cent over the same period last year.
In the period, the country’s imports of animal feed and materials from Australia reached $11.7 million, increased sharply by 187.74 per cent; from Canada –$15.8 million, up by 106.89 per cent; from Spain – over $4.3 million, up by 88.39 per cent; and from Chile – over $3.8 million, up by 62.08 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 4 months of this year.
Wheat: Vietnam’s imports of wheat were estimated at 250,000 tons worth of $71 million in April and over 756,000 tons worth of over $212 million in the first 4 months of this year, decreased by 56.16 per cent in quantity and by 47.92 per cent in value compared with the same period of 2018.
The leading wheat import markets in the first 4 months of this year were Australia with the market share of 37 per cent; Russia – 24 per cent; Canada – 11 per cent; Brazil – 11 per cent.
In the first 4 months of this year, the imports of wheat from Russia decreased by 77.24 per cent in quantity and 71.07 per cent in value year – on - year, while the imports from the U.S decreased by 63.53 per cent in quantity and 64.32 per cent in value; from Australia – down by 45.8 per cent in quantity and 37.86 per cent in value and from Canada – down by 36.65 per cent in quantity and 37.62 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 163,000 tons worth of over $63 million in March and over 601,000 tons worth of $237 million in the first 4 months of this year, increased by 7.06 per cent in quantity and by 2.02 per cent in value compared with the same period of 2018.
Corn: The imports of corn reached over 918,000 tons worth of $193 million in April and nearly 3 million tons worth of $626 million in the first 4 months of this year, decreased by 2.63 per cent in quantity but increased by 5.13 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 4 months of this year with 55 per cent and 40 per cent of the total market share, respectively.
Especially, in the first 4 months of this year, the imports of corn from Argentina decreased sharply by 43.73 per cent in quantity and 39.11 per cent in value compared with the same period last year.
CK
Source: VITIC
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