Fertilizer exports in Q1 enjoy strong growth
VOV.VN - Vietnam shipped 499,786 tonnes of fertilizer abroad during the first quarter of the year for more than US$207 million, marking a year-on-year increase of 23.3% in volume and 13.1% in value, as reported by the General Department of Vietnam Customs.
March alone witnessed the export volume reach 148,792 tonnes of all kinds, down 13.4%, with a turnover of over US$62 million, a decrease of 13.5% over that of February.
During the January to March period this year, the average export price of fertilizer reached US$415 per tonne, falling by 12% against the same period from last year.
The major market for Vietnamese fertilizers in the reviewed period was Cambodia, which bought 103,510 tonnes worth US$42 million, down 1% in volume and 10% in value compared to 2023.
This was followed by the Republic of Korea with 68,947 tonnes and a value of US$28.9 million, rising by 55% and 72% on-year. The Philippines came third by purchasing 36,846 tonnes at a cost of US$17 million, increasing sharply by 306% and 197% on-year, respectively.
The fourth position went to Malaysia which spent US$10.9 million to import 32,111 tonnes of Vietnamese fertilizer.
Other popular markets for the product include Japan, Taiwan (China), Thailand, and Laos.
