Animal feed exports to the US rise sharply
VOV.VN - Vietnamese exports of animal feed and related materials to the United States reached US$12.29 million in March, a rise of 37% on-month and an annual increase of 30%.
According to details given by the Ministry of Industry and Trade, the US is currently Vietnam’s third largest consumption market.
In the first quarter of the year, animal feed export turnover to the US hit US$31.22 million, marking a climb of 31.9% compared to the same period from last year and accounting for 11.5% of Vietnam’s total export value of the products.
Statistics compiled by the General Department of Vietnam Customs indicate that Vietnamese animal feed export turnover in Q1 rose 35.5% year on year to US$272.55 million.
China was Vietnam’s largest consumption market in the reviewed period, spending US$125.16 million on importing its animal feed, up 140.8% year on year.
It was followed by Cambodia that imported US$31.88 million worth of animal feed from Vietnam, a drop of 5.3%.
