AsemconnectVietnam - According to the statistics figures from the General Department of Customs, in the first 9 months of 2023, Vietnam exported over 1.19 million tonnes of fertilizers of all kinds, equivalent to 491.25 million USD, the average price was 412 USD/tonne, down by 14% in volume, down by 44.5% in turnover and down by 35.5% in price compared to the first 9 months of 2022.

In September of 2023 alone, 91,756 tonnes of fertilizers of all kinds were exported, reaching 431.31 million USD, priced at 450.2 USD/tonne, down by 42% in volume, down by 29.9% in turnover but up by 20.8% in price compared to with August of 2023. In comparison to September of 2022, the volume, turnover and price decreased sharply, with a corresponding decrease of 42.7%, 56% and 23.2%.
Vietnam's fertilizer mostly exported to the Cambodian market. This market alone accounted for 36.8% of the total volume and 37.7% of the country's total fertilizer export turnover, reaching 438,704 tonnes, equivalent to 184.95 million USD, the average price was at 421.6 USD/tonne, up by 17% in volume, but down by 7.2% in turnover and down by 20.7% in price compared to the same period of 2022. Particularly in September of 2023, the country’s exports of goods to this market decreased by 39.5% in volume, decreased by 31.6% in turnover but increased by 13% in price compared to August of 2023, reaching 36,762 tonnes, equivalent to 17.2 million USD.
Behind the main market of Cambodia were several other markets, such as Malaysia with 74,131 tonnes, equivalent to 24.7 million USD, the average price was 333.3 USD/tonne, a sharp decrease of 36% in volume, a decrease of 59.6% in turnover and decreased 37% in price, accounting for 6.2% of the total volume and 5% of the country's total fertilizer export turnover.
The exports to the Philippine market reached 48,101 tonnes, equivalent to 21.71 million USD, the average price was 451.4 USD/tonne, down by 32% in volume and 60.7% in turnover, the price was down by 42%, accounting for over 4% in total volume and total turnover.
The exports to South Korean market reached 50,520 tonnes, equivalent to 18.84 million USD, the average price was 372.9 USD/tonne, a sharp decrease of 40.6% in volume, 70.3% decrease in turnover, and 49% decrease in price, accounting for over 4.2% of total volume and 3.8% of total turnover.
CK
Source: VITIC