Monday, April 15,2024 - 7:47 GMT+7  Việt Nam EngLish 

Imports of animal feed reached over 4.27 billion USD in first 10 months of 2023 

 Wednesday, November 29,2023

AsemconnectVietnam - In the first 10 months of 2023, Vietnam’s imports of animal feed and raw materials reached over 4.27 billion USD, down by 5.2% compared to the first 10 months of 2022.

According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of animal feed and raw materials in October of 2023 continued to increase by 7.5% compared to September of 2023 and increased by 12.6% compared to October of 2022, reaching 451.55 million USD. Overall, in the first 10 months of 2023, the imports of this product group reached over 4.27 billion USD, down by 5.2% compared to the first 10 months of 2022.
The largest import of animal feed and raw materials was from the Argentine market, accounting for 28.2% of the country's total import turnover of this product group, reaching nearly 1.21 billion USD, down by 10.1% compared to 10 months of 2022. In October of 2023 alone, the figure reached 107.95 million USD, down by 6.9% compared to September of 2023 but up by 26.3% compared to October of 2022.
Brazilian market ranked second, accounting for 19.1%, reaching 816.21 million USD, down by 11.7% over the same period of 2022. In October of 2023 alone, the country’s imports from this market reached over 132.77 million USD, up by 7.8% compared to September of 2023 and up by 41.8% compared to October of 2022.
The next was the US market. In October of 2023, the country’s imports of animal feed from the U.S increased by 19.3% compared to September of 2023 but decreased by 8.2% compared to October of 2022, reaching nearly 69.16 million USD. Totally, the imports of animal feed from this market in the first 10 months of 2023 increased slightly by 3.9% compared to the first 10 months of 2022, reaching 603.7 million USD, accounting for 14.1% of the total turnover.
The imports of animal feed and raw materials from the Southeast Asian market in the first 10 months of 2023 decreased by 15% compared to the first 10 months of 2022, reaching 261.04 million USD, accounting for 6.1%. The imports from the EU market decreased sharply by 43.8%, reaching 222.44 million USD, accounting for 5.2%.
CK
Source: VITIC

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