AsemconnectVietnam - In the first 7 months of 2023, Vietnam's imported fertilizer volume reached nearly 2.01 million tonnes, worth of over 674.81 million USD, the average price reached 336.3 USD/tonne.

According to the preliminary statistics figures of the General Department of Customs, in July of 2023, the whole country imported 306,179 tonnes of fertilizer, equivalent to 86.43 million USD, the average price was 282.3 USD/tonne, down by 26.2% in volume, down by 34.2% in turnover and by 10.7% in price compared to June of 2023. In comparison to July of 2022, it increased sharply by 81.5% in volume, increased by 29.5% in turnover but decreased by 28.7% in price.
In July of 2023, fertilizer imports from China's main market decreased by 12.9% in volume, 22.2% in turnover and 10.6% in price compared to June of 2023, reaching 193,361 tonnes, equivalent to 50.34 million USD, priced at 260.3 USD/tonne. In comparison to July of 2022, it increased by 79.6% in volume, increased by 19.5% in turnover but decreased by 33.5% in price. The imports from Laos market in July of 2023 increased by 48.2% in volume, up by 15.9% in turnover but decreased by 21.8% in price compared to June of 2023, reaching 33,311 tonnes, equivalent to over 10.15 million USD, price of 304.8 USD/tonne. In comparison with July of 2022, it increased sharply by 761.2% in volume, increased by 273.3 % in turnover but sharply decreased by 56.7% in price.
Generally, in the first 7 months of 2023, the country's imported fertilizer amount reached nearly 2.01 million tonnes, worth of over 674.81 million USD, the average price reached 336.3 USD/tonne, up by 2.8% in volume, but down by 26.3% in value and by 28.3% in price compared to the first seven months of 2022. China was still the leading market for supplying fertilizer to Vietnam, accounting for 52.2% of the total volume and accounted for 48% of the country's total fertilizer import turnover, reaching 1.05 million tonnes, equivalent to 324.17 million USD, the average price was 309.6 USD/tonne, up by 10.6% in volume, but down by 16.5% in turnover and 24.5% in price compared to 7 months of 2022.
Laos market ranked second, accounting for 7% of the total volume and 7.8% of the total turnover, with 140,647 tonnes, equivalent to 52.76 million USD, the average price was at 375.1 USD/tonne, an increase of 67.8% in volume, up by 8.6% in turnover but down by 35.3% in price compared to 7 months of 2022.
Fertilizer imports from Southeast Asia market reached 268,701 tonnes, equivalent to 102.26 million USD, up by 70.5% in volume, up by 4.1% in turnover over the same period last year, accounting for 13.4% of the total volume and accounted for 15.2% of the total fertilizer import turnover of the country.
Fertilizers imported from the FTA RCEP markets reached 1.58 million tonnes, equivalent to 485.04 million USD, up by 11.9% in volume, down by 15.9% in turnover over the same period last year, accounting for 78.8% in total volume and accounted for 71.9% of the total fertilizer import turnover of the country.
Fertilizer imports from the FTA CPTTP markets reached 228,908 tonnes, equivalent to 34.94 million USD, down by 24.9% in volume, down by 63.9% in turnover over the same period last year, accounting for 11.4% of the total and accounting for 5.2% of the total fertilizer import turnover of the country.
CK
Source: VITIC/congthuong.vn