Vietnam spent 4.27 billion USD importing animal feed and raw materials.

Vietnam spent 2.85 billion USD importing animal feed and raw materials. From which markets does Vietnam import animal feed?

According to preliminary statistics from the General Department of Customs, imports of animal feed and raw materials to Vietnam in October 2023 continued to increase by 7.5% compared to September 2023 and increased by 12.6% compared to October 2022, reaching 451.55 million USD.

In the first 10 months of 2023, imports of this group of goods reached over 4.27 billion USD, down 5.2% compared to the first 10 months of 2022.

The largest import of animal feed and raw materials comes from the Argentine market, accounting for 28.2% of the total import turnover of this group of goods nationwide, reaching nearly 1.21 billion USD, down 10.1% compared to the first 10 months of 2022; of which, October 2023 alone reached 107.95 million USD, down 6.9% compared to September 2023 but up 26.3% compared to October 2022.


In the first 10 months of 2023, imports of this group of goods reached over 4.27 billion USD, down 5.2% compared to the first 10 months of 2022. Photo: Investment Newspaper

Nhập khẩu thức ăn chăn nuôi từ Mỹ, Ấn Độ, Axcshentina tăng mạnh trong quý I/2023.

In the first 10 months of 2023, imports of this group of goods reached over 4.27 billion USD, down 5.2% compared to the first 10 months of 2022. Photo: Investment Newspaper

Ranked second is the Brazilian market, accounting for 19.1%, reaching 816.21 million USD, down 11.7% over the same period in 2022; in October 2023 alone, imports from this market reached over 132.77 million USD, up 7.8% over September 2023 and up 41.8% over October 2022.

Next, the US market in October 2023 imported 19.3% more than September 2023 but decreased 8.2% compared to October 2022, reaching nearly 69.16 million USD; cumulatively in the first 10 months of 2023, imports from this market increased slightly by 3.9% compared to the first 10 months of 2022; reaching 603.7 million USD, accounting for 14.1% of the total turnover.

Imports of animal feed and raw materials from the Southeast Asian market in the first 10 months of 2023 decreased by 15% compared to the first 10 months of 2022, reaching 261.04 million USD, accounting for 6.1%. Imports from the EU market decreased sharply by 43.8%, reaching 222.44 million USD, accounting for 5.2%.

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