Imports of animal feed and raw materials fell in first 8 months of 2023
Friday, September 29,2023
AsemconnectVietnam - In the first 8 months of 2023, Vietnam’s imports of animal feed and raw materials reached over 3.4 billion USD, down by 6.8% over the same period of 2022.
According to the preliminary statistics figures from the General Department of Customs, Vietnam’s imports of animal feed and raw materials in August of 2023 increased by 6.4% compared to July of 2023 but decreased by 4.3% compared to August of 2022, reaching 548.79 million USD.
Overall, in the first 8 months of 2023, Vietnam’s imports of this product group reached over 3.4 billion USD, down by 6.8% over the same period of 2022.
The largest import market of animal feed and raw materials was Argentina, accounting for 28.9% of the country's total import turnover of this product group, reaching over 981.21 million USD, down by 10.3% over the same period of 2022. In August of 2023 alone, the country’s imports of animal feed and materials from Argentina reached 234.87 million USD, a sharp increase of 52.3% compared to July of 2023 and an increase of 28.7% compared to August of 2022.
Brazilian market ranked second, accounting for 16.5%, reaching nearly 560.35 million USD, down by 26.9% over the same period last year. In August of 2023 alone, the country’s imports from this market reached 88.91 million USD, a sharp decrease of 40.2% compared to July of 2023 and a decrease of 32.3% compared to August of 2022.
The next was the US market. In August of 2023, the country’s imports decreased by 19.9% compared to July of 2023 and decreased by 14.6% compared to August of 2022, reaching 59.43 million USD. Totally in the entire 8 months of 2023, the country’s imports from this market increased by 4.6% over the same period of 2022; reaching 477.29 million USD, accounting for 14% of total turnover.
The imports of animal feed and raw materials from the EU market in the first 8 months of 2023 decreased by 34.2% compared to the first 8 months of 2022, reaching 207.51 million USD; while the imports from the Southeast Asian market decreased by 18.5%, reaching 205.11 million USD.
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Source: VITIC
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