Thursday, 29 June 2023

Business : Fertilizer exports decrease in Vietnam

 

 

The export of fertiliser has decreased in Vietnam.

Why is it so ?

You can read the short report below.

 https://e.vnexpress.net/news/markets/fertilizer-exports-decrease-4621517.html

 Vietnam shipped abroad 692,259 tonnes of fertilizers in the first five months of this year for more than $289 million, down 8.9% in volume and 42.2% in value over the same period in 2022, reported the Vietnam Customs.

In May alone, the export volume reached 154,995 tonnes of all kinds, up 17.5% year on year, with a turnover of $56.9 million, a rise of 17.4% over that of April but a decrease of 35.2% over the same period last year.

The major market of Vietnamese fertilizers in the period under review was Cambodia which made up 33% of the total export volume and value of the product.

It was followed by the Republic of Korea with 47,838 tonnes with a value of US$17.62

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