According to preliminary statistics of General Department of Customs, imports of animal feed and raw materials to Vietnam October 2023 continues to increase by 7.5% compared to September 2023 and 12.6% compared to October 2022, reaching 451.55 million USD.

Overall, in the first 10 months of 2023, imports of this product group will reach over 4.27 billion USD, down 5.2% compared to the first 10 months of 2022.

Imports the most animal feed and raw materials from the Argentine market, accounting for 28.2% of total turnover imports This product group of the whole country reached nearly 1.21 billion USD, down 10.1% compared to the first 10 months of 2022; Of which, October 2023 alone reached 107.95 million USD, down 6.9% compared to September 2023 but up 26.3% compared to October 2022.

In the first 10 months of 2023, imports of this product group will reach over 4.27 billion USD, down 5.2% compared to the first 10 months of 2022. Photo of Investment Newspaper

Ranked second is the Brazilian market, accounting for 19.1%, reaching 816.21 million USD, down 11.7% over the same period in 2022; In October 2023 alone, imports from this market reached over 132.77 million USD, up 7.8% compared to September 2023 and up 41.8% compared to October 2022.

Next to the US market in October 2023, imports increased by 19.3% compared to September 2023 but decreased by 8.2% compared to October 2022, reaching nearly 69.16 million USD; Accumulated imports from this market in the first 10 months of 2023 will increase slightly by 3.9% compared to the first 10 months of 2022; reached 603.7 million USD, accounting for 14.1% of total turnover.

Imports of animal feed and raw materials from the market Southeast Asia in the first 10 months of 2023 decreased by 15% compared to the first 10 months in 2022, reaching 261.04 million USD, accounting for 6.1%. Imports from the EU market decreased sharply by 43.8%, reaching 222.44 million USD, accounting for 5.2%.