In the first 6 months of 2024, Vietnam spent 2.56 billion USD importing animal feed and raw materials, an increase of 9.6% compared to the first 6 months of 2023.
According to preliminary statistics of the General Department of Customs, import of goods group food Livestock and raw materials imported to Vietnam in June 2024 decreased by 4% compared to May 2024 but increased by 4.5% compared to June 2023, reaching 423.75 million USD. In general, in the first 6 months of 2024, imports of this group of goods reached over 2.56 billion USD, an increase of 9.6% compared to the first 6 months of 2023.
The largest import of animal feed and raw materials comes from the Argentine market, accounting for 28% of the total import turnover of this group of goods nationwide, reaching nearly 717.79 million USD, an increase of 21% compared to the first 6 months of 2023; of which June 2024 alone reached 172.41 million USD, an increase of 8.5% compared to May 2024 and a sharp increase of 51.4% compared to June 2023.
Ranked second is the US market, accounting for 22.8%, reaching 582.96 million USD, a sharp increase of 69.6% over the same period in 2023; in June 2024 alone, imports from this market reached over 84.75 million USD, an increase of 23.7% over May 2024 and an increase of 34.7% over June 2023.
Next to the Brazilian market in June 2024 import down 29.8% compared to May 2024 and down 36.8% compared to June 2023, reaching over 57.92 million USD; in the first 6 months of 2024, imports from this market increased by 15.2% compared to the first 6 months of 2023; reaching over 371.76 million USD, accounting for 14.5% of the total turnover.
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