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Vietnam's meat imports increases sharply in the first 4 months

15:09 | 22/05/2020

Viet Nam has imported US$1.36 billion worth of meat and meat products in the first four months of the year, a 17.6 per cent year-on-year increase.

 

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In the first four months, Vietnam imported $1.36 billion of meat and meat products (Photo: Vietnam Biz)

Data from the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development) shows that the value of imported livestock (meat and meat products) in April 2020 is estimated at US$ 364 million. The import value of livestock products in the first 4 months of 2020 was estimated at US$ 1.36 billion, up 17.6% over the same period in 2019.

In the first 3 months of the year, the import value of livestock products reached US$ 999.7 million, up 22.2% compared to the first 3 months of 2019.

Five markets importing meat and meat products of Vietnam are Australia, India, USA, Thailand and Canada with a value of US$ 170.4 million, up 94% over the same period in 2019. The respective values are US$ 79 million (up 158.8%); US$ 78.6 million (up over 88%); US$ 49.3 million (up 70.5%) and US$ 22.3 million.

vietnams meat imports increased sharply in the first 4 months
The export value of most meat products decreased (Photo: Integrated Vietnam)

The export value of most meat products decreased such as frozen pigs reaching US$ 8.8 million, down 52.2%; meat and processed meat by-products (cooked pork feet, boneless chicken legs, dried chicken, etc.) reached US$ 6.1 million, down 12.5%; meat and edible by-products of frozen chickens reached US$ 3.1 million, down 50.5%; frozen frog thighs reached US$ 2.3 million, down 60.8%, reported by Vietnam Biz.

The export value of livestock products in April 2020 is estimated at US$ 41 million, bringing the export value of livestock products in the first 4 months of 2020 to reach US$ 150 million, down 23.8% compared to the same period in 2019.

The five largest export markets for Vietnam's meat and meat products are Hong Kong, China, Japan, Belgium and Papua New Guinea with a value of US$ 10.9 million (down 37.5% compared to the previous year). The respective values are 5.4 million US$ (down 59.8%); US$ 3.3 million (up 24.2%); US$ 1.4 million (down 34.2%) and US$ 670,500 (down 28.5%).

In addition to spending billions of dollars to import meat and meat products for consumption, Vietnam also has to spend billions of dollars to import corn, soybeans, wheat to make food materials and many inputs to serve domestic livestock, reported by Vinanet.

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