ASEAN consumes half of Vietnamese fertilizer exports

April witnessed Vietnam export fertilizers to nine markets, with six ASEAN member states alone consuming 66,648 tonnes, or 50.5% of the country's overall fertilizer export market share.

According to the General Department of Vietnam Customs, Vietnam shipped 131,913 tonnes of fertilizers worth US$48.48 million abroad in April alone, down 22% in volume and 51% in value year on year.

In the first four months, it exported 537,269 tonnes valued at US$232.16 million, declining 17.1% in volume and 43.6% in value respectively compared to the same period last year.

Among the six ASEAN consumers of Vietnamese fertilizers in April, Cambodia took the lead with 46,284 tonnes, and it was the only regional market that has recorded a fertilizer import volume of over 10,000 tonnes from Vietnam.

Cambodia was followed by Malaysia (8,128 tonnes), Laos (7,883 tonnes), Myanmar (3,075 tonnes), the Philippines (1,062 tonnes), and Thailand (216 tonnes).

Vietnam also exported fertilizers to Taiwan (China), the Republic of Korea, and Japan with volumes of 692 tonnes, 3,320 tonnes, and 602 tonnes, respectively. All three markets endured a decline in import volume with 4%, 82%, and 49% year on year.

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