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| Fertilizer imports to Vietnam in June reached 455,858 tons, worth over 154 million USD. (Photo: congthuong.vn) |
According to preliminary statistics from the General Department of Customs, fertilizer imports to Vietnam in June reached 455,858 tons, worth over 154 million USD, down 14.3% in volume and down 12.7% in value from the previous month. Average import price reached 338 USD per ton, up 2% from the previous month.
In the first six months of the year, the country imported more than 2.5 million tons of fertilizer, valued at over 838 million USD, up 52% in volume and up 42.3% in value compared to the same period in 2023.
In terms of market, Vietnam imported the most fertilizer from China with 1.03 million tons, worth more than 295 million USD, up 21% in volume and up 8% in value compared to the same period last year. Average import price reached 286 USD a ton, down 10.8% in value.
Notably, Russia is increasing its exports of this item into Vietnam and has become the second largest supplier with 362,326 tons, worth more than 164 million USD, up 430% in volume and up 355% in value compared to the same period last year. Average import price reached 452 USD a ton, up 14%.
In 2023, Vietnam imported 288,727 tons of fertilizer from Russia, equivalent to more than 132 million USD. Thus, in the first half of the year, the volume of fertilizer imports from Russia exceeded the total output in 2023.
Laos ranked third among Vietnam’s fertilizer suppliers in the period with 172,446 tons, worth more than 45 million USD, up 60% in volume and up 6% in value compared to the same period last year./.