Fertilizer exports reached over 709.91 million USD in 2024
Friday, January 24,2025
AsemconnectVietnam - According to the statistics figures from the General Department of Customs, in 2024, the country exported nearly 1.73 million tonnes of fertilizers of all kinds, equivalent to over 709.91 million USD, with an average price of 411.1 USD/tonne, up by 11.7% in volume, up by 9.4% in turnover but down slightly by 2% in price compared to the same period in 2023.
In December of 2024 alone, 154,801 tonnes of fertilizers of all kinds were exported, reaching 65.35 million USD, with a price of 422.1 USD/tonne, up by 18.4% in volume, up by 21.4% in turnover and up by 2.5% in price compared to November of 2024.
In comparison to December of 2023, it decreased by 4.9% in volume, 8.3% in turnover and 3.6% in price. Vietnam's fertilizer exports were mainly to the Cambodian market, which alone accounts for 34.3% of the total volume and 33.9% of the total fertilizer export turnover of the country, reaching 592,121 tonnes, equivalent to 240.82 million USD, with an average price of 406.7 USD/tonne, up by 1.4% in volume, down by 2.3% in turnover and down 3.6% in price compared to the same period of 2023.
In December of 2024 alone, exports to this market reached 55,980 tonnes, equivalent to 21.24 million USD, with an average price of 379.5 USD/tonne, down by 2.8% in volume, down by 4% in turnover and down by 1.3% in price compared to November of 2024. Following the main market of Cambodia was the Korean market with 220,174 tonnes, equivalent to 89.14 million USD, average price of 404.9 USD/tonne, a sharp increase of 146.6% in volume, 154.6% in turnover and 3.2% in price, accounting for nearly 13% of the total volume and total export turnover of fertilizers of the whole country.
The exports to the Philippines market reached 109,381 tonnes, equivalent to 46.35 million USD, average price of 423.8 USD/tonne, up by 93.3% in volume, up by 78.9% in turnover but price decreased by 7.4%, accounting for 6.3% of the total volume and 6.5% of the total turnover.
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Source: VITIC
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