August 21, 2024

China makes up 40.7% of Vietnam's exports of animal feed and raw materials

Exports of animal feed and raw materials to China account for 40.7% of Vietnam's total export turnover of these items.

The information was shared by Pham Kim Dang, deputy director of the Department of Livestock Production under the country's Ministry of Agriculture and Rural Development, at a conference on sustainable farming development in Hanoi on August 14.

Statistics from the General Department of Customs show that the export of animal feed and raw materials reached over US$492.88 million in the first six months of 2024, a year-on-year decline of 5.6%.

Exports reached US$86.6 million in June, down 6.2% month-on-month and down 10% year-on-year.

China is the largest import market for animal feed and raw materials from Vietnam.

The export of animal feed to the Chinese market reached over US$200.48 million in the first six months of 2024, down 16.6% year-on-year. Vietnam's exports to this market reached US$36.59 million in June, down 24.4% year-on-year.

VNA