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In 2020, Vietnam imported 3.8 million tons of fertilizers of all kinds, worth nearly 952 million USD, up 0.11% in volume but down 9.18% in turnover compared to 2019.
According to preliminary data of the General Department of Customs, in 2020, Vietnam spent 952 million USD to import 3.8 million fertilizers, up 0.11% in volume but down 9.18% in turnover compared to the previous year. 2019.
The average fertilizer import price in 2020 reached $250.18/ton, down 9.28% compared to 2019's average price ($275.76/ton). In which, China is the largest market supplying fertilizer to Vietnam, accounting for 41.74% of the country's total fertilizer imports and 38.73% of the total import turnover of this commodity group of the whole country. water, reaching 1.59 million tons, worth $368.5 million, up 3.79% in volume and down 3.34% in value compared to 2019.
In 2020, Vietnam imported 3.8 million tons of fertilizer, worth $952 million.
In addition to the Chinese market, Vietnam also imported fertilizers from the Russian market, reaching 110.19 million USD, accounting for 11.58% of the total import turnover of this commodity group of the country; Israel reached 55.29 million USD, accounting for 5.81%.
In 2020, Vietnam's imports increased quite well in the Canadian market (up 104.43% in volume and 62.23% in value) and the German market (up 132.85% in volume and 67.31% in value). price).
Some markets supplying fertilizer to Vietnam decreased in both quantity and value compared to 2019 such as: Belarus, Philippines, Malaysia, Taiwan, Indonesia, Thailand, India.
According to the Ministry of Industry and Trade, from having to import nearly 60%, Vietnam has been proactive in urea supply, meeting the needs of agricultural production, and developing new fertilizers such as DAP and potassium. Enterprises have also invested in-depth, innovated technology and equipment, improved nutritional content, product quality of phosphate and NPK fertilizers.
At the peak of 2016 - 2019, fertilizer imports exceeded 1 billion USD/year. Specifically, in 2016 imported 4.2 million tons, worth 1.1 billion USD, in 2017 imported 4.6 million tons, worth 1.23 billion USD, in 2018 4.2 million tons were imported, worth 1.2 million USD. billion USD, in 2019 imported 3.722 million tons, worth 1,019 billion USD.
In 2021, with favorable weather forecast and high prices of agricultural products will be the driving force for fertilizer manufacturers to boost output. In particular, the value-added tax policy to support and develop fertilizer businesses in 2021. It is expected that the total demand for fertilizer in the Mekong Delta (the largest fertilizer consuming area in the country) will recover. recover about 4-6% over the same period; in which, mainly increased consumption of DAP, NPK fertilizers and other types such as phosphate fertilizers, organic fertilizers.
Source: https://baodautu.vn/38-trieu-tan-phan-bon-duoc-nhap-khau-ve-viet-nam-trong-nam-2020-d137104.html
