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Exports and imports of animal feed and raw materials in February and first 2 months of 2024 

 Wednesday, March 27,2024

AsemconnectVietnam - According to the preliminary statistics figures from the General Department of Customs, in the first 2 months of 2024, Vietnam’s exports of animal feed and raw materials reached nearly 142.7 million USD, an increase of 10.3% compared to the first 2 months of the year 2023.

Meanwhile, the country’s imports of animal feed and raw materials reached nearly 765.79 million USD, up by 2.9% compared to the first 2 months of 2023.
Vietnam’s exports of animal feed and raw materials in February and the first 2 months of 2024
According to the preliminary statistics figures from the General Department of Customs, in the first 2 months of 2024, Vietnam’s exports of animal feed and raw materials reached nearly 142.7 million USD, an increase of 10.3% compared to the first 2 months of the year 2023. In February of 2024 alone, the country’s exports of animal feed and materials reached 58.2 million USD, down by 31.3% compared to January of 2024 and down by 26.7% compared to February of 2023.
Southeast Asia was Vietnam's largest export market for animal feed and raw materials, accounting for 34.8% of the country's total export turnover of animal feed and raw materials. In the first 2 months of 2024, exports of animal feed and raw materials to this market reached over 49.62 million USD, a slight decrease of 0.6% compared to the first 2 months of 2023. In February 2024 alone, the exports of animal feed and materials to this market reached 19.29 million USD, down by 36.4% compared to January of 2024 and down by 30.1% compared to February of 2023.
The next was the Chinese market, reaching over 48.58 million USD, down by 1.1% compared to the first 2 months of 2023, accounting for 34%; Cambodia market reached 21.34 million USD, down by 13.7%, accounting for 15%; Malaysia reached 18.94 million USD, an increase of 22.2%, accounting for 13.3%; America reached 17.91 million USD, an increase of 238.4%, accounting for 12.6%.
Leading animal feed import markets in February and the first 2 months of 2024
In the first 2 months of 2024, Vietnam’s imports of animal feed and raw materials reached nearly 765.79 million USD, an increase of 2.9% compared to the first 2 months of 2023.
According to the preliminary statistics figures of the General Department of Customs, Vietnam’s imports of animal feed and raw materials in February of 2024 decreased by 19.7% compared to January of 2024 and decreased by 7.3% compared to February of 2023, reaching 341.25 million USD. Overall, in the first 2 months of 2024, the imports of this product group reached nearly 765.79 million USD, an increase of 2.9% compared to the first 2 months of 2023.
The U.S was the largest import market of animal feed and raw materials in the first two months of this year, accounting for 21.6% of the country's total import turnover of this product group, reaching nearly 165.23 million USD, an increase of 32% compared to the first 2 months of 2023. Of which, the figure of February of 2024 alone reached 90.91 million USD, an increase of 21.9% compared to January of 2024 and an increase of 38.4% compared to February of 2023.
Ranked second was the Brazilian market, accounting for 20.5%, reaching 157.06 million USD, an increase of 333.9% over the same period in 2023. In February of 2024 alone, the imports from this market reached over 102.13 million USD, a sharp increase of 85.9% compared to January of 2024 and an increase of 309.4% compared to February of 2023.
The next was the Argentine market. In February of 2024, the imports of animal feed and materials from Argentina decreased sharply by 70.3% compared to January of 2024 and decreased 78.8% compared to February of 2023, reaching nearly over 29.67 million USD. In the first 2 months of 2024, the imports of animal feed and materials from this market decreased sharply by 54.5% compared to the first 2 months of 2023; reaching over 129.44 million USD, accounting for 16.9% of the total turnover.
The imports of animal feed and raw materials from the Southeast Asian market in the first 2 months of 2024 increased by 6.5% compared to the first 2 months of 2023, reaching over 52.01 million USD, accounting for 6.8% of the total while the imports from the EU market decreased sharply by 63%, reaching 22.4 million USD, accounting for 2.9%.
CK
Source: VITIC

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