AsemconnectVietnam - In January of 2024, Vietnam’s exports of animal feed and raw materials reached 84.73 million USD, down by 1.5% in turnover compared to December of 2023; a sharp increase of 69.3% compared to January of 2023.

Also in January of 2024, imports of animal feed and raw materials reached nearly 424.78 million USD, an increase of 12.6% in turnover compared to January of 2023.
Vietnam’s exports and key export markets for animal feed and raw materials of Vietnam in January of 2024
According to the statistics figures from the General Department of Customs, in January of 2024, Vietnam’s exports of animal feed and raw materials reached 84.73 million USD, down by 1.5% in turnover compared to December of 2023; but increased sharply by 69.3% in turnover compared to January of 2023.
China was the leading consumer market for animal feed and raw materials in Vietnam, accounting for over 32.2% of the country's total export turnover of animal feed and raw materials, reaching 27.31 million USD, down by 27.5% in turnover compared to December of 2023; but increased by 119% compared to January of 2023.
The next was the Cambodian market, accounting for 16.2%, reaching 13.72 million USD, an increase of 22.6% in turnover compared to December of 2023; and an increase of 29.8% compared to January of 2023.
In January of 2024, the country's export of animal feed and raw materials reached 84.73 million USD
The US market ranked third with 11.49 million USD, an increase of 36.8% in turnover compared to December of 2023; and also increased by 390.9% compared to January of 2023, accounting for 13.6% of the country's total export turnover of animal feed and raw materials.
The Malaysian market was in fourth position with 10.98 USD, accounting for 19.54% of turnover compared to December of 2023 and also increased 54.99% compared to January of 2023, accounting for 12.98% of the total export turnover of animal feed and raw materials of the whole country.
The exports to FTA RCEP markets reached 61.92 million USD, an increase of 62.8% in turnover over the same period last year.
The exports to the Southeast Asian market reached 30.33 million USD, an increase of 35.9% in turnover compared to the same period last year.
According to the statistics figures, Vietnam's animal feed export turnover in 2023 reached nearly 1.2 billion USD, an increase of 6% compared to 2022.
Vietnam’s imports and import markets for animal feed and raw materials in January of 2024
According to the preliminary statistics figures of the General Department of Customs, in January of 2024, the imports of animal feed and raw materials reached 424.78 million USD, an increase of 17.9% in turnover compared to December of 2023 and an increase of 12.6% compared to January of 2023.
Argentina still led the market in providing animal feed and raw materials to Vietnam, accounting for 23.5% of the country's total import turnover of animal feed and raw materials, reaching 99.78 million USD, an increase 37% in turnover compared to December of 2023; but down by 31.8% compared to January of 2023.
The next was the US market, accounting for over 17.6% of the total turnover, reaching 74.55 million USD, down by 21.7% in turnover compared to December of 2023; but increased by 25.6% compared to January of 2023.
The Brazilian market ranked third, reaching 54.93 million USD, an increase of 36.2% in turnover compared to December of 2023; and increased by 388.3% compared to January of 2023, accounting for 12.9% of the country's total import turnover of animal feed and raw materials.
The imports from FTA RCEP markets reached 118.08 million USD, up by 77.8% compared to December of 2023 and up by 169.8% compared to January of 2023.
The imports from EU markets reached 10.4 million USD, up by 0.9% compared to December of 2023 but down by 70.8% compared to January of 2023.
The imports from Southeast Asian markets reached 30.7 million USD, up by 9.9% compared to December of 2023 and up by 59.5% compared to January of 2023.
CK
Source: VITIC