MARKET SHARE OF IMPORTED ANIMAL FEED AND MAIZE FROM ARGENTINA IS OVERWHELMING

VCN – The turnover of animal feed and maize from Argentina are dominating the import market of these two commodities in Vietnam.

market share of imported animal feed and maize from argentina is overwhelming
Chart of the ratio of import turnover of animal feed and maize in the total import turnover of these two commodities in Vietnam in July of 2017. Graph: T.Bình

Currently, the animal husbandry in Vietnam is heavily dependent on the import of animal feed. According to the General Department of Vietnam Customs, as at 15/8, Vietnam spent $US 2.09 billion for importing animal feed.

Notably, the imported animal feeds item is based primarily on Argentina. According to the latest information about the import market of the General Department of Vietnam Customs, by the end of July, Argentina provided a large quantity of animal feed to Vietnam which is worth $US 944.5 million, accounting for 47, 5% of the total import turnover of the whole country.

Besides that, Argentina is also the number one market about importing maize. By the end of July, the total amount of imported maize from Argentina reached over 2.384 million tons, with a total turnover is over $US 460 million, this result accounted for nearly 56.3% of total output and nearly 54.4% of the total import turnover of maize of the whole country in the same time.

These two items are also the main import items of Vietnam from Argentina, accounting for 85.5% of total import turnover from this country.

Currently, Argentina is the largest import market of Vietnam in South America and is the second largest import market in “billion USD” of the America (by the end of July) after the US market.

By Thái Bình/Thanh Thuy

Source: http://customsnews.vn/

TWO MORE IMPORT COMMODITY GROUPS VALUED AT $US 20 BILLION

VCN – In the first time (as by 15/8), Vietnam already has 2 import commodity groups reached over $US 20 billion according to lasted information from General Department of Vietnam Customs.

two more import commodity groups valued at us 20 billion
Imported excavators of Doosan brand (Korea) in Hai Phong port. Photo: T.Bình

The two groups that reached this milestone are machinery and equipment group and computer, electronic products, and components, group. Notably, the import turnovers of these two groups have grown significantly by billions of dollars compared to the same period last year.

In that, machinery and equipment reached $US 22.603 billion, increased by $US 5.81 billion and continues to be the largest import group in Vietnam. The second place is computers, electronic products and components with $US 20.581 billion, increased by $US 4.276 billion.

With the total turnover of $US 43.184 billion, these two main groups accounted for nearly 34.2% of the total value of imported goods in the country at the same time. Moreover, the largest supply market of both groups is Korea.

According to the latest information on the import market at the end of July, computers, electronic products and components imported from Korea reached $US 7.1152 billion, accounting for nearly 37.3% of total import turnover of this group in the whole country. Meanwhile, machinery and equipment reached $US 6.964 billion, accounting for 32.8% market share.

Along with Korea, China and Japan are also major import markets for Vietnam’s machinery and computers, electronic products and components. In particular, the import turnover of machinery and equipment from China reached $US 6.255 billion, accounting for nearly 29.5%; While import turnover of computers, electronic products and components reached $US 3.816 billion, accounting for nearly 20%.

For the Japanese market, import turnover of machinery and equipment reached $US 2.493 billion, accounting for 11.7%; And import turnover of computers, electronic products and components reached $US 1.62 billion, accounting for over 8.4%.

By Thái Bình/Thanh Thuy

Source: http://customsnews.vn