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    Home > Food News > Food Articles > Vietnam's fertilizer exports up 682% in January

    Vietnam's fertilizer exports up 682% in January

    • Last Update: 2022-03-02
    • Source: Internet
    • Author: User
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    (NDO) According to Vietnam’s Ministry of Industry and Trade, Vietnam ’s exports of fertilizers, chemicals , animal feed , and steel all increased sharply in January 2022.
    Among them, fertilizer exports increased by 682% year-on-year and chemicals increased by 98.
    6%.
    % .
     
    According to data from the General Administration of Customs, fertilizer imports in January exceeded 322,000 tons, and the export value was US$153.
    6 million.
    The export volume and export value decreased by 14.
    5% and 6% respectively compared with December 2021
    .
    Compared with January 2021, fertilizer import volume and import value increased by 0.
    2% and 81.
    7% respectively
    .
     
    Vietnam mainly imports fertilizers from China, with an import volume of more than 137,400 tons and an import value of US$57.
    6 million, accounting for 42.
    6% and 37.
    5% of the national fertilizer import volume and import value, respectively
    .
    Compared with December last year, the import volume and import value decreased by 18% and 12.
    7% respectively
    .

     
      Vietnam's production and business activities have gradually adapted to the epidemic and returned to the new normal
    .
    Therefore, in January 2022, most export commodities maintained positive growth, except for various types of fertilizers, which increased by 682%, chemicals increased by 98.
    6%, animal feed and raw materials increased by 72.
    8%, plastics increased by 57%, grass, rattan, bamboo woven and Carpet products increased by 61%, and various types of steel increased by 43.
    6%
    .

     
      Recently, due to the soaring fertilizer prices and the soaring demand for fertilizers, Vietnamese fertilizer manufacturers have achieved huge profits in 2021
    .
     
      Among them, it is worth mentioning that the operating income of Vietnam Chemical Group (Vinachem) reached a record 51.
    2 trillion VND last year, which exceeded the annual plan by 16% and increased by 24% compared with 2020
    .
     
      Phu My Oil & Gas Fertilizer Co.
    , Ltd.
    is expected to have a total revenue of over VND 12.
    8 trillion and a pre-tax profit of about VND 3.
    6 trillion.
    Compared with 2020, operating income and pre-tax profit have increased by 63% and 324% respectively
    .
    It was also the company's most profitable year in nearly 10 years
    .

     
      Analysts believe that the Vietnamese fertilizer industry will benefit in the short term as it has great opportunities to increase market share in the international market
    .
    The turbulent situation caused by the epidemic has led to an increase in the demand for food reserves, which is also a positive signal for domestic fertilizer companies in Vietnam
    .

     
      In January, there were 7 categories of goods with an export value of over US$1 billion, accounting for 63.
    3% of Vietnam's total exports
    .
    Among them, the export value of mobile phones and parts was the largest, accounting for 4 billion US dollars, accounting for 13.
    8% of the total export value, down 34.
    4% year-on-year; computers, electronic products and their parts reached 3.
    5 billion US dollars, down 10.
    2% year-on-year; textiles and clothing reached 3.
    3 billion US dollars, This is an increase of 24.
    2% over the same period last year
    .

     
      The export value of agriculture, forestry and fishery is expected to reach US$2.
    67 billion, down 3.
    35% from December 2021, but up 21.
    4% from the same period in 2021, accounting for 9.
    2% of total exports
    .
    Among them, except for rice, cassava and cassava products, which decreased by 4.
    3% and 27.
    5% year-on-year, the export value of other commodities increased: the export of aquatic products is expected to reach 870 million US dollars, an increase of 42.
    9%; coffee is 395 million US dollars, an increase of 40.
    9%; Chinese prickly ash 71 million US dollars, an increase of 47.
    3%; cashew kernels 296 million US dollars, an increase of 9.
    6%
    .
    (over)
    Export of chemical animal feed
     
      According to data from the General Administration of Customs, fertilizer imports in January exceeded 322,000 tons, and the export value was US$153.
    6 million.
    The export volume and export value decreased by 14.
    5% and 6% respectively compared with December 2021
    .
    Compared with January 2021, fertilizer import volume and import value increased by 0.
    2% and 81.
    7% respectively
    .

     
      Vietnam mainly imports fertilizers from China, with an import volume of more than 137,400 tons and an import value of US$57.
    6 million, accounting for 42.
    6% and 37.
    5% of the national fertilizer import volume and import value, respectively
    .
    Compared with December last year, the import volume and import value decreased by 18% and 12.
    7% respectively
    .

     
      Vietnam's production and business activities have gradually adapted to the epidemic and returned to the new normal
    .
    Therefore, in January 2022, most export commodities maintained positive growth, except for various types of fertilizers, which increased by 682%, chemicals increased by 98.
    6%, animal feed and raw materials increased by 72.
    8%, plastics increased by 57%, grass, rattan, bamboo woven and Carpet products increased by 61%, and various types of steel increased by 43.
    6%
    .

     
      Recently, due to the soaring fertilizer prices and the soaring demand for fertilizers, Vietnamese fertilizer manufacturers have achieved huge profits in 2021
    .
     
      Among them, it is worth mentioning that the operating income of Vietnam Chemical Group (Vinachem) reached a record 51.
    2 trillion VND last year, which exceeded the annual plan by 16% and increased by 24% compared with 2020
    .
     
      Phu My Oil & Gas Fertilizer Co.
    , Ltd.
    is expected to have a total revenue of over VND 12.
    8 trillion and a pre-tax profit of about VND 3.
    6 trillion.
    Compared with 2020, operating income and pre-tax profit have increased by 63% and 324% respectively
    .
    It was also the company's most profitable year in nearly 10 years
    .

     
      Analysts believe that the Vietnamese fertilizer industry will benefit in the short term as it has great opportunities to increase market share in the international market
    .
    The turbulent situation caused by the epidemic has led to an increase in the demand for food reserves, which is also a positive signal for domestic fertilizer companies in Vietnam
    .

     
      In January, there were 7 categories of goods with an export value of over US$1 billion, accounting for 63.
    3% of Vietnam's total exports
    .
    Among them, the export value of mobile phones and parts was the largest, accounting for 4 billion US dollars, accounting for 13.
    8% of the total export value, down 34.
    4% year-on-year; computers, electronic products and their parts reached 3.
    5 billion US dollars, down 10.
    2% year-on-year; textiles and clothing reached 3.
    3 billion US dollars, This is an increase of 24.
    2% over the same period last year
    .

     
      The export value of agriculture, forestry and fishery is expected to reach US$2.
    67 billion, down 3.
    35% from December 2021, but up 21.
    4% from the same period in 2021, accounting for 9.
    2% of total exports
    .
    Among them, except for rice, cassava and cassava products, which decreased by 4.
    3% and 27.
    5% year-on-year, the export value of other commodities increased: the export of aquatic products is expected to reach 870 million US dollars, an increase of 42.
    9%; coffee is 395 million US dollars, an increase of 40.
    9%; Chinese prickly ash 71 million US dollars, an increase of 47.
    3%; cashew kernels 296 million US dollars, an increase of 9.
    6%
    .
    (over)
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