Meat imports not expected to increase significantly
VOV.VN - Vietnam’s import of meat and related products is not expected to increase dramatically later this year due to an abundant domestic supply that basically meets demand, according to the Ministry of Industry and Trade’s Department of Import-Export Management.
Data compiled by the General Department of Vietnam Customs indicates that Vietnam imported 191,580 tonnes of meat and meat products worth US$417.75 million in the third quarter of the year, up 4.4% in volume and 24.4% in value compared to the same period last year.
India, the United States, Brazil, the Republic of Korea, and Russia were among the largest exporters of meat and meat products to Vietnam in the reviewed period. Of these, India took the lead with 37,350 tonnes valued at US$125.84 million, up 164.9% in volume and 180.7% in value on-year.
Most notably, the import of pork continued to decline due to falling demand, while that of beef, poultry, and buffalo meat continued to rise.
Vietnam imported 31,760 tonnes of pork worth US$67.07 million in the third quarter, a drop of 24.4% in volume and 30.6% in value year on year.
Brazil, Russia, Germany, Canada, and Poland made up the five biggest suppliers of pork to the country. Brazil topped the list with 11,790 tonnes supplied worth US$25.6 million, up 8% in volume and down 2.2% in value.