HomeEconomyFinancial investmentIn the first 5 months of 2023, Vietnam spent nearly half a billion USD...

In the first 5 months of 2023, Vietnam spent nearly half a billion USD importing meat and meat products


In the 11 months of 2022, Vietnam spent 1,35 billion dong importing meat and chicken products, accounting for over 20% of consumption.

The Import and Export Department (Ministry of Industry and Trade) quoted data from the General Department of Customs as saying that in May 5, Vietnam imported 2023 thousand tons of meat and meat products, worth US$57,62 million, up 108,8% in volume, but down 9,5% in value compared to May 10,2.

This is the fourth consecutive month that the amount of imported meat and meat products has increased over the same period in 4.

In the first 5 months of 2023, Vietnam spent nearly half a billion USD importing meat
In the first 5 months of 2023, Vietnam spent nearly half a billion USD importing meat

Accumulated in the first 5 months of 2023, Vietnam imported 239,13 thousand tons of meat and meat products, worth US$480,32 million, up 1,6% in volume, but down 9,1% in value over the same period in 2022.

In May 5, Vietnam imported meat and meat products from 2023 markets around the world. In which, the United States, India, Russia, Brazil and Poland are the 36 largest markets supplying meat and meat products to Vietnam.

In May 5, Vietnam boosted the import of meat and meat products from a number of markets such as the United States, Russia, Poland, the Netherlands, Spain, Belgium, Slovakia, Italy...

However, imports of meat and meat products from some markets declined, such as Brazil, Korea, Germany, Canada, Australia, etc.

Notably, meat imports from Russia continued to increase sharply after a decline in 2022.

Types of meat and meat products imported mainly in May 5 include: Meat and edible by-products of poultry; Fresh frozen buffalo meat; Edible slaughter by-products of live chilled or frozen pigs, buffaloes and cows; Fresh chilled or frozen pork; Fresh beef chilled or frozen…

In which, the import of poultry meat, edible by-products after slaughter (of pigs, buffaloes, cows) live chilled or frozen tends to increase; While imports of pork and beef decreased compared to the same period in 2022.

Particularly for pork, in the first 5 months of 2023, Vietnam imported 29,61 thousand tons of fresh chilled or frozen pork, worth US$73,62 million, down 19,9% ​​in volume and 5,7% in value over the same period in 2022.

Russia, Brazil, Germany, the Netherlands and Canada are the 5 largest markets supplying tons of fresh chilled or frozen pork to Vietnam.

Except for Russia, the amount of pork imported from these markets all decreased compared to the same period in 2022.

In the first 5 months of 2023, the structure of the pork supply market to Vietnam changed, when the proportion of imports from Russia and Germany increased; while the proportion of imports from Brazil, Canada and the Netherlands decreased.





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