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According to preliminary statistics of the General Department of Customs, in the first seven months of 2024, the export of animal feed and raw materials reached nearly 584.18 million USD, down 10.5% compared to the first seven months of 2023. In July 2024 alone, exports reached over 90.65 million USD, up 4.7% compared to June 2024 but down 30% compared to July 2023.
China is Vietnam's largest export market for animal feed and raw materials, accounting for 40.9% of the country's total export turnover of this category. In the first seven months of 2024, animal feed and raw material exports to this market reached nearly 239.15 million USD, down 23.5% compared to the first seven months of 2023. In July 2024 alone, exports to this market reached 38.22 million USD.
Next is the U.S. market, reaching over 74.87 million USD, up 80.2%, accounting for 12.8%. Cambodia reached 66.47 million USD, down 34.6%, accounting for 11.4%. Malaysia reached 59.37 million USD, down 5%, accounting for 10.2%.
Exports of animal feed and raw materials to the Southeast Asian market reached over 175.76 million USD, down 18.1% compared to the first seven months of 2023, accounting for 30% of the country's total export turnover of this category.
August 20, 2024/ Vietnam Industry and Trade Information Center - Ministry of Industry and Trade (VITIC)/ Vietnam.
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