Imports of animal feed and materials increased over 18% in ten months
Thursday, November 15,2018AsemconnectVietnam - Vietnam imported US$332 million worth of animal feed and materials in October, decreased by 13.85 per cent over the previous month and but up by 32.56 per cent over the same month of last year, showed the statistics figures of the General Department of Customs.
It was followed by the U.S with over $64 million in October, up by 5.48 per cent month – on – month and by 651.14 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 ten months of this year to over $566 million, up by 189.63 per cent year – on – year.
Meanwhile, the imports animal feed and materials from Brazil reached over $33 million in October, up by 46.59 per cent month – on – month and by 698.43 per cent year – on – year. The total imports of animal feed and materials from China in the first ten months of this year reached over $421 million, increased by 288.72 per cent year – on – year.
In the first ten months of this year, Vietnam spent over $3.2 billion on importing animal feed and materials, up by 18.19 per cent over the same period last year.
Vietnam’s imports of animal feed and materials in the first ten months of 2018 - Unit: US$ thousand – source: VITIC – according to the figures of the General Department of Customs
Market
|
First 10 months of 2017
|
October of 2018
|
October of 2018 vs. October of 2018 (%)
|
First 10 months of 2018
|
First 10 months of 2018 vs. same period of 2017 (%)
|
Total
|
2,726,043
|
332,986
|
-13.9
|
3,222,045
|
18.2
|
Argentina
|
1,321,067
|
120,605
|
-18.8
|
1,007,433
|
-23.7
|
India
|
113,085
|
12,667
|
-4.3
|
152,284
|
34.7
|
Britain
|
1,424
|
82
|
34
|
1,114
|
-21.8
|
Austria
|
47,885
|
225
|
-62.8
|
5,101
|
-89.4
|
Belgium
|
11,752
|
741
|
6
|
22,189
|
88.8
|
Brazil
|
108,388
|
33,090
|
-46.6
|
421,325
|
288.7
|
The U.A.E
|
64,660
|
2,016
|
-51.0
|
51,741
|
-20
|
Canada
|
63,664
|
1,837
|
-21.0
|
17,569
|
-72.4
|
Chile
|
9,345
|
3,119
|
-11.4
|
23,652
|
153.1
|
Taiwan
|
69,744
|
7,139
|
-13.5
|
77,796
|
11.5
|
Germany
|
6,759
|
820
|
-37.7
|
8,406
|
24.4
|
The Netherlands
|
16,550
|
3,018
|
12.4
|
20,107
|
21.5
|
South Korea
|
30,344
|
4,239
|
7.3
|
41,154
|
35.6
|
The U.S
|
195,688
|
64,577
|
5.5
|
566,772
|
189.6
|
Indonesia
|
87,803
|
8,111
|
22.6
|
78,013
|
-11.2
|
Italy
|
56,571
|
5,185
|
11.6
|
43,111
|
-23.8
|
Malaysia
|
24,356
|
1,531
|
-26.9
|
29,430
|
20.8
|
Mexico
|
1,967
|
393
|
180.3
|
3,536
|
79.7
|
Japan
|
3,826
|
375
|
8.7
|
3,330
|
-13
|
Australia
|
8,780
|
1,444
|
25.0
|
12,919
|
47.1
|
France
|
20,486
|
3,877
|
84.0
|
28,935
|
41.3
|
The Philippines
|
15,835
|
3,012
|
394.8
|
14,344
|
-9.4
|
Singapore
|
12,636
|
2,040
|
30.3
|
14,774
|
16.9
|
Spain
|
9,291
|
2,003
|
-17.4
|
14,040
|
51.1
|
Thailand
|
62,664
|
6,559
|
27.4
|
86,314
|
37.7
|
China
|
132,373
|
18,222
|
22.3
|
191,516
|
44.7
|
Vietnam also imported wheat, corn, soybean; oil and grease as materials for producing animal feed and materials
Vietnam’s imports of materials for animal feed and materials in the first 10 months of 2018 – source: VITIC – according to the figures of the General Department of Customs
Item
|
First 10 months of 2017
|
First 10 months of 2018
|
Comparison
|
|||
Quantity (thousand tons)
|
Value (thousand US$)
|
Quantity (thousand tons)
|
Value (thousand US$)
|
Quantity
(%)
|
Value (%)
|
|
Wheat
|
4,037
|
855,653
|
4,643
|
1,106,617
|
15
|
29.3
|
Corn
|
6,446
|
1,262,242
|
8,233
|
1,709,102
|
27.7
|
35.4
|
Soybean
|
1,376
|
590,754
|
1,450
|
626,282
|
5.4
|
6
|
Oil and grease
|
|
616,522
|
|
607,454
|
|
-1.5
|
In the first 10 months of this year, the imports of wheat from Russia increased by over 9 times in quantity and over 10 times in value, while the imports from the U.S increased by over 13 times in quantity and over 12 times in value.
Soybean: Vietnam’s imports of soybean reached 125,000 tons worth of over $51 million in October and over 1.4 million tons worth of $626 million in the first 10 months of this year, increased by 5.42 per cent in quantity and increased by 6.01 per cent in value compared with the same period of 2017.
Corn: The imports of corn reached over 971,000 tons worth of $208 million in October and over 8.1 million tons worth of $1.7 billion in the first 10 months of this year, increased by 27.72 per cent in quantity and 35.4 per cent in value compared with the same period of 2017. Argentina and Brazil were the leading soybean import markets of Vietnam in the first 10 months of this year with 50 per cent and 16 per cent of the total market share, respectively.
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