Specifically, statistics from the General Department of Customs show that, in the first 5 months of 2023, the whole country exported 692,259 tons of fertilizers of all kinds, equivalent to 289.07 million USD, the average price was 417.6 USD/ton, a decrease. 8.9% in volume, 42.2% in turnover and 36.5% in price compared to the same period in 2022.

In particular, in May 2023 alone, 154,995 tons of fertilizers of all kinds were exported, reaching US$56.9 million, priced at US$367.1/ton, up 17.5% in volume, up 17.4% in turnover but decreasing. slightly 0.1% in price compared to April 2023; Compared to May 2022, it increased by 16.9% in volume, but decreased by 35.2% in turnover and decreased by 44.6% in price.

Fertilizer export index in the first 5 months of 2023

Vietnam's fertilizers are mainly exported to Cambodia. This market alone accounted for 33% of the total fertilizer export volume and turnover of the whole country, reaching 227,708 tons, equivalent to 95.47 million USD, the average price was 419.3 USD/ton, up 8% in terms of export value. volume but decreased by 19.2% in turnover and the price decreased by 25.1% over the same period in 2022. In May 2023, exports to this market reached 76,236 tons, equivalent to 29.92 million USD, the average price of 392 $0.5/ton, up 64.7% in volume and 65.4% in turnover, price increased slightly by 0.4% compared to April 2023.

Behind Cambodia's main market is the Korean market with 47,838 tons, equivalent to 17.62 million USD, the average price is 368.3 USD/ton, down 16.9% in volume, down 62% in turnover and down 54 .4% in price, accounting for 6.9% of the total volume and 6% of the total fertilizer export turnover of the country.

Exports to the Malaysian market reached 45,552 tons, equivalent to 15.23 million USD, the average price was 334.3 USD/ton, a sharp decrease of 44.3% in volume, 59.8% in turnover and 27.8 % in price. %, accounting for 6.6% of the total volume and 5.3% of the total turnover.

Exports to RCEP FTA markets reached 391,107 tons, equivalent to 162.64 million USD, down 16.2% in volume, down 42.8% in turnover. Exports to FTA CPTTP markets reached 48,442 tons, equivalent to 16.61 million USD, down 47.9% in volume, down 63.5% in turnover. Exports to the Southeast Asian market reached 340,379 tons, equivalent to 143.63 million USD, down 14.5% in volume, down 37.6% in turnover.

One of the major fertilizer exporters to Cambodia is Binh Dien Fertilizer Joint Stock Company . However, in the first 5 months of 2023, Binh Dien recorded a decrease in exports to this market. Most recently, at the Company's General Meeting of Shareholders taking place on April 28, answering questions from shareholders about the decrease in consumption volume in the export market, Mr. Binh Dien fertilizer said that exports to the Cambodian market showed unusual signs when it decreased to 3,000 tons. Mr. Dong said that many Thai and Chinese enterprises flooded into Cambodia to invest and consume inputs and outputs for agricultural production. This is a huge challenge not only for Binh Dien but also for Vietnamese fertilizer manufacturers in this traditional export market.

The export market is difficult and declining, so Binh Dien as well as some domestic fertilizer manufacturers have sought to expand exports to other markets. Most recently, on May 12, Binh Dien fertilizer signed a memorandum of understanding with Phongsavanh Group (Laos) on business cooperation with the goal of transferring advanced agricultural knowledge and fertilizer products. fertilizer to Laos. Besides, Phongsavanh Group will be the exclusive distributor of Dau Trau fertilizer in Laos in the near future.

Leaders of Lam Thao Supe Phosphates and Chemicals Joint Stock Company visited and worked with Chembridge Resources Company (Kaohsiung, Taiwan - China)

Lam Thao Superphosphate and Chemical Joint Stock Company also expanded the fertilizer export market to Taiwan (China). In addition to the traditional markets of Japan, Korea, Malaysia and Cambodia, Laos, Supe Lam Thao has conquered a difficult market, which is Taiwan (China), where agriculture is very developed and demanding. very high quality in fertilizer use.

In addition, Supe Lam Thao had a program to visit and work with Chembridge Resources Company (Kaohsiung, Taiwan - China). Here, Chembridge Resources Company expressed its desire to continue to place large orders for Lam Thao fertilizer products, especially Lam Thao's new fertilizer products to develop a green, clean and sustainable agriculture. sustainable, raising the value of agricultural products in Taiwan.