Friday, February 23,2024 - 21:19 GMT+7  Việt Nam EngLish 

Animal feed exports increase by 6.5% in first 10 months of 2023 

 Wednesday, November 29,2023

AsemconnectVietnam - According to the preliminary statistics figures of the General Department of Customs, the country's animal feed export turnover in the first 10 months of 2023 reached over 1.01 billion USD, an increase of 6.5% compared to the first 10 months of 2022.

In October of 2023 alone, it reached 117.64 million USD, an increase of 15.1% compared to September of 2023 and an increase of 31.9% compared to October of 2022.
The exports of animal feed to the Chinese market - the largest market, in October of 2023 increased by 31.4% compared to September of 2023 and increased sharply by 89.6% compared to October of 2022, reaching 60.45% million USD. The total export turnover to this market in the 10 months of 2023 reached 496.28 million USD, an increase of 35.1% compared to the 10 months of 2022, accounting for 49% of the total export turnover of this product group of the whole country.
The exports of animal feed to the Cambodian market - the second largest market in the 10 months of 2023 increased by 2.3% over the same period last year, reaching 143.1 million USD, accounting for 14.1% of the total turnover. In October of 2023 alone, it decreased by 37.8% compared to September of 2023 and decreased by 42.2% compared to October of 2022, reaching nearly 10 million USD.
The Malaysian market ranked third in turnover, reaching 99.18 million USD, up by 34% over the same period last year. In October 2023 alone, it increased by 13.1% compared to September of 2023 and increased by 37.7% compared to October of 2022, reaching 12.94 million USD.
Animal feed exports to the FTA-RCEP market in the first 10 months of 2023 increased by 17.8% over the same period last year, reaching 838.78 million USD, accounting for 82.9% of the total turnover. The exports to the CPTTP market increased by 11.4% over the same period last year, reaching 120.65 million USD, accounting for 11.9% of the total turnover. The exports to the Southeast Asian market increased slightly by 2.8% over the same period last year, reaching 300.21 million USD, accounting for 29.7%.
CK
Source: VITIC

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