Although not the major fertilizer import market of Vietnam in the first 10 months of this year, but the import of fertilizers from the Philippines market increased remarkably, more than once in volume and 0.8 times in value over the same period in 2016.

According to data compiled by the General Department of Vietnam Customs, in October, 1974 Vietnam imported fertilizer increased both volume and value, up 75.1% in volume and 92.5% in value over September, raising Import fertilizer amount in the first 10 months of 2017 to 3.9 million tons of fertilizer of more than $ 1 billion, up 16.34% in volume and 14.01% in value over the same period in 2016.

With geographical proximity to Vietnam, favorable transportation of goods China continues to lead the main supply market for Vietnam, accounting for 39.9% of the total imported fertilizer, reaching 1, 5 million tons worth $ 392.1 million, up 1.73% in volume and up 3.91% in value over the same period. Russia was the second largest supplier, with 454.7 thousand tonnes worth USD 138.3 million, up 45.23 percent in volume and 33.27 percent in value, followed by Belarus, However, the value of export decreased compared to the same period last year, equivalent to 0.74% and 12.21% respectively, worth 230.8 thousand tons, worth USD 59.8 million.

In addition to these three main markets, Vietnam also imports fertilizers from other markets such as Japan, Indonesia, Laos, Malaysia, …. In general, the amount of fertilizer imported from the markets have growth rate, accounting for 72.2%, of which the import from the Philippines market increased sharply, up 162.78% in volume and up 154.55% in terms of volume. valued at 37.8 thousand tons, valued at $ 14.2 million. In contrast, imports from the markets decreased only 27.7% and imported from Thailand decreased the most, decreased 54.31% in volume and 26.57% in value, equivalent to 17.3 thousand ton, worth $ 5.9 million.

In particular, in the first 10 months of this year, the fertilizer market for Vietnam has added Saudi Arabia market with import volume of 2.4 thousand tons, valued at 631.1 thousand USD.

Fertilizer import market in 10 months 2017