| Animal feed export turnover in the first 8 months of 2023 reached 792 million USD. Animal feed and raw material exports join the billion-dollar export club. |
According to preliminary statistics from the General Department of Customs, the country's animal feed export turnover in the first 11 months of 2023 reached over 1.11 billion USD, an increase of 7% compared to the first 11 months of 2022.
Of which, November 2023 alone reached 98.53 million USD, down 16.3% compared to October 2023 but up 12.6% compared to November 2022.
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| Animal feed exports in 11 months of 2023 increased by nearly 7% |
Animal feed exports to the Chinese market - the largest market, in November 2023 decreased by 28% compared to October 2023 but increased by 12% compared to November 2022, reaching over 43.47 million USD, the cumulative export turnover to this market in the first 11 months of 2023 reached 539.75 million USD, a sharp increase of 32.9% over the same period in 2022, accounting for 48.6% of the total export turnover of this group of goods nationwide.
Animal feed exports to the Cambodian market - the second largest market - increased by 0.9% over the same period, reaching 155.55 million USD, accounting for 14% of the total turnover; in November 2023 alone, it increased by 24.5% compared to October 2023 but decreased by 12% compared to November 2022, reaching 12.45 million USD.
The Malaysian market ranked third in terms of turnover, reaching 108.65 million USD, up 30.2% over the same period; in November 2023 alone, animal feed exports to this market decreased by 26.9% compared to October 2023 and decreased by 0.1% compared to November 2022, reaching 9.46 million USD.
Animal feed exports to the FTA - RCEP market reached 915.67 million USD, up 16.6% over the same period, accounting for 82.4% of the total turnover. Animal feed exports to the FTA, CPTPP market reached 132.98 million USD, up 10.2%, accounting for 12%. Animal feed exports to the Southeast Asian market reached 329.99 million USD, up 2.5%, accounting for 29.7%.
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