AsemconnectVietnam - In the first 5 months of 2023, the whole country exported 692,259 tonnes of fertilizers of all kinds, equivalent to 289.07 million USD, with an average price of 417.6 USD/tonne.

According to the statistics figures of the General Department of Customs, in the first 5 months of 2023, the whole country exported 692,259 tonnes of fertilizers of all kinds, equivalent to 289.07 million USD, the average price was 417.6 USD/tonne, down by 8.9. % in volume, down by 42.2% in turnover and 36.5% in price over the same period of 2022.
Particularly in May of 2023, 154,995 tonnes of fertilizers of all kinds were exported, reaching 56.9 million USD, priced at 367.1 USD/tonne, up by 17.5% in volume, up by 17.4% in turnover but down slightly by 1% in price compared to April of 2023. In comparison to May of 2022, it increased by 16.9% in volume, but decreased by 35.2% in turnover and decreased by 44.6% in price.
Cambodia was leading the list of the country’s main fertilizer export markets, accounted for 33% of the country's total fertilizer export volume and turnover, reaching 227,708 tonnes, equivalent to 95.47 million USD, the average price was 419.3 USD/tonne, an increase of 8% in volume but a decrease of 19.2% in turnover and a decrease in price of 25.1% over the same period of 2022. In May of 2023, the exports to this market reached 76,236 tonnes, equivalent to 29.92 million USD, the average price was 392.5 USD/tonne, up by 64.7% in volume and 65.4% in turnover, the price increased slightly by 0.4% compared to April of 2023.
Behind Cambodia's main market was the South Korean market with 47,838 tonnes, equivalent to 17.62 million USD, the average price was 368.3 USD/tonne, down by 16.9% in volume, down by 62% in turnover and down by 54.4% in price, accounting for 6.9% of the total volume and 6% of the total fertilizer export turnover of the country.
The exports to the Malaysian market reached 45,552 tonnes, equivalent to 15.23 million USD, the average price was 334.3 USD/tonne, a sharp decrease of 44.3% in volume, 59.8% in turnover and 27.8 % in price, accounting for 6.6% of the total volume and 5.3% of the total turnover.
Meanwhile, the exports to RCEP FTA markets reached 391,107 tonnes, equivalent to 162.64 million USD, down by 16.2% in volume, down by 42.8% in turnover. And the exports to FTA CPTTP markets reached 48,442 tonnes, equivalent to 16.61 million USD, down by 47.9% in volume, down by 63.5% in turnover. The exports to the Southeast Asian market reached 340,379 tonnes, equivalent to 143.63 million USD, down by 14.5% in volume, down by 37.6% in turnover.
CK
Source: VITIC