Animal feed exports soar during 11-month period
VOV.VN - Vietnam’s animal feed exports during the 11-month period reached over US$1.11 billion, representing an increase of 7% compared to the same period from last year, according to preliminary statistics released by the General Department of Vietnam Customs.
November alone saw the country’s animal feed exports hit US$98.53 million, marking a decline of 16.3% compared to October, but up 12.6% compared to November, 2022.
China remained as the main importer of the country’s animal feed over the past 11 months, with turnover hitting US$539.75 million, representing a sharp increase of 32.9% against the same period from last year and accounting for 48.6% of the country's total export turnover.
Cambodia ranked second with turnover increasing by 0.9% to reach US$155.55 million, accounting for 14% of total revenue, followed by Malaysia with US$108.65 million, up 30.2% on-year.
Meanwhile, animal feed exports to key free trade agreement (FTA) markets witnessed an upward trajectory with turnover reaching US$915.67 million in the Regional Comprehensive Economic Partnership (RCEP) member markets, an annual rise of 16.6% and making up 82.4% of the total turnover.
The nation exported animal feed products worth US$132.98 million to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) market, marking an increase of 10.2%, and duly accounting for 12% of total turnover.
Elsewhere, animal feed exports to the Southeast Asian market rose by 2.55% to reach US$329.99 in the reviewed period, constituting 29.7% of total revenue.
