China purchases 800,000 tons of tapioca starch from Vietnam

Published 2024년 9월 29일

Tridge summary

In July, China significantly boosted its imports of cassava starch, spending $145.1 million on 289,200 tons, marking a 66.3% increase in volume and 55.9% in value year-on-year. This trend has persisted for five months. From January to July, China imported 2.05 million tons worth $1.08 billion, mainly from Southeast Asia, with Thailand and Vietnam as the top suppliers. Vietnam's exports to China rose by 40% in volume and 56% in value. Despite a 3.8% drop in volume, Vietnam's cassava exports reached 1.79 million tons worth $822.7 million in the first eight months, a 7% increase in value year-on-year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Statistics from the General Administration of Customs of China show that in July, China spent US$145.1 million to purchase 289,200 tons of cassava starch (HS 11081400 code), with import volume and import value increasing by 66.3% and 55.9% year-on-year respectively. This is also the fifth consecutive month that China's cassava starch imports have increased compared with the same period in 2023. In the first seven months of this year, China spent US$1.08 billion to purchase 2.05 million tons of cassava starch from Southeast Asian countries; import volume and import value increased by 21.8% and 33.7% year-on-year respectively. Among them, it was mainly imported from Thailand, Vietnam, Laos, Cambodia and Indonesia. Thailand became China's largest supplier of cassava starch in the first seven months of this year. Vietnam is China's second largest supplier of cassava starch, with an export volume of 762,720 tons and an export value of more than US$393.2 million. Compared with the same ...

Source: Foodmate