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Fertilizer exports decreased in first 10 months of 2023 

 Friday, November 24,2023

AsemconnectVietnam - In the first 10 months of 2023, the country exported nearly 1.3 million tonnes of fertilizers of all kinds, equivalent to 540.01 million USD, the average price was 415.6 USD/tonne.

According to the statistics figures from the General Department of Customs, in the first 10 months of 2023, the country exported nearly 1.3 million tonnes of fertilizers of all kinds, equivalent to 540.01 million USD, average price of 415.6 USD/tonne, a decrease 14.7% in volume, 44.5% decrease in turnover and 34.9% decrease in price compared to the same period of 2022.
In October of 2023 alone, 106,889 tonnes of fertilizers of all kinds were exported, reaching 48.72 million USD, priced at 455.8 USD/tonne, an increase of 16.5% in volume, an increase of 18% in turnover and an increase of 1.3% in value compared to September of 2023. In comparison to October of 2022, there was a decrease of 21.3% in volume, a decrease of 44.1% in turnover and a decrease of 29% in price.
Vietnam's fertilizer exports were mainly to the Cambodian market. This market alone accounted for over 36% of the total volume and total fertilizer export turnover of the country, reaching 467,931 tonnes, equivalent to 198 million USD, the average price was 423.2 USD/tonne, up by 13.8% in volume but down by 9.6% in turnover and down by 20.5% in price compared to the same period of 2022. Particularly in October of 2023, the exports to this market reached 29,226 tonnes, equivalent to 13.06 million USD, the average price was 446.8 USD/tonne, down by 20.5% in volume, down by 24% in turnover, and down by 4.5% in price compared to September of 2023.
Behind the main market of Cambodia was the Malaysian market with 81,410 tonnes, equivalent to 27.58 million USD, the average price was at 338.8 USD/tonne, down by 31.4% in volume, down by 56.2% in turnover and down by 36.2% of price, accounted for 6.3% of total volume and 5.1% of total fertilizer export turnover of the country.
The exports to the South Korean market reached 59,864 tonnes, equivalent to 22.84 million USD, the average price was 381.5 USD/tonne, a sharp decrease of 30% in volume, 64% decrease in turnover and 48.6% decrease in price, accounting for 4.6% of total volume and 4.2% of total turnover.
The exports to FTA RCEP markets reached 759,739 tonnes, equivalent to 316.33 million USD, down by 9.5% in volume and by 37% in turnover. Meanwhile, the exports to CPTTP FTA markets reached 87,805 tonnes, equivalent to 30.31 million USD, down by 37% in volume, down by 60.8% in turnover. The exports to the Southeast Asian market reached 693,480 tonnes, equivalent to 290.76 million USD, down by 5.3% in volume and 31.4% in turnover.
CK
Source: VITIC

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