AsemconnectVietnam - In the first 4 months of 2023, the country's imported fertilizer amount reached 908,999 tonnes, worth of over 338.23 million USD, the average price reached 372 USD/tonne.

According to the preliminary statistics figures of the General Department of Customs, in April of 2023, the whole country imported 307,869 tonnes of fertilizer, equivalent to 109.78 million USD, the average price was 356.6 USD/tonne, up by 5.7% in volume, down by 3% in turnover and 8.2% in price compared to March of 2023. In comparison to April of 2022, the figure decreased in volume, turnover and price with corresponding reductions of 5.2%, 29.3% and 25.5%.
In April of 2023, fertilizer imports from the main market China increased by 23% in volume, up by 16.8% in turnover, but decreased by 5% in price compared to March of 2023, reaching 176,995 tonnes, equivalent to 58.44 million USD, the price reached 330.2 USD/tonne. In comparison to April of 2022, it increased by 12.7% in volume, but decreased by 8% in turnover and decreased by 18.4% in price. The imports from South Korean market in April of 2023 increased strongly by 96.4% in volume, up by 83.2% in turnover but decreased by 6.7% in price compared to March of 2023, reaching 11,151 tonnes, equivalent to above 5.83 million USD, and the price of 523 USD/tonne. In comparison with April of 2022, it decreased sharply by 34.4% in volume, 47.4% in turnover and 19.8% in price.
Generally in the first 4 months of 2023, the country's imported fertilizer amount reached 908,999 tonnes, worth of over 338.23 million USD, the average price reached 372 USD/tonne, down by 27.4% in volume, down by 43.2% in turnover and 21.7% in price compared to the first 4 months of 2022. China was still the leading fertilizer supplier to Vietnam, accounting for 52.7% of the total volume and 49% of the total fertilizer import turnover of the whole country, reaching 479,063 tonnes, equivalent to 165.93 million USD, the average price was 346.4 USD/tonne, down by 7.6% in volume, by 20% in turnover and down by 13.6% in price compared to the first 4 months of 2022.
South Korean market ranked second, accounting for 4.6% of the total volume and 7.3% of the total turnover, with 42,108 tonnes, equivalent to 24.58 million USD, the average price of 583.7 USD/tonne, down by 25.3% in volume, 27% in turnover and 2.3% in price compared to the first 4 months of 2022.
Fertilizer imports from Southeast Asia market reached 119,623 tonnes, equivalent to 50.26 million USD, down by 2.6% in volume, down by 33% in turnover over the same period last year, accounting for 13.2% of the total volume and accounting for 14.9% of the total fertilizer import turnover of the country.
Fertilizers imported from the FTA RCEP market reached 744,754 tonnes, equivalent to 251.8 million USD, down by 11.6% in volume, down by 27.2% in turnover over the same period last year, accounting for 81.9% of the total and accounting for 74.5% of the total fertilizer import turnover of the country.
Fertilizer imports from the FTA CPTTP market reached 122,681 tonnes, equivalent to 19.2 million USD, down by 46% in volume, down by 77% in turnover over the same period last year, accounting for 13.5% of the total volume and accounting for 5.7 % of the total fertilizer import turnover of the country.
In general, in the first 4 months of 2023, fertilizer imports from most markets decreased in both volume and turnover compared to the first 4 months of 2022.
CK
Source: VITIC