The US becomes the number 1 supplier of agricultural products to Vietnam

Published 2021년 11월 2일

Tridge summary

Vietnam has experienced a significant increase in its agricultural import turnover in the first 10 months of 2021, with a 39.1% rise compared to the same period in 2020, totaling 35.6 billion USD. The main agricultural products imported included livestock products, aquatic products, forest products, and production inputs. The US and Cambodia were the top two sources of agricultural products, with the US providing cotton, animal feed, soybeans, and timber, among other products. Conversely, Vietnam exported over 10.8 billion USD worth of agricultural products to the US, with wood and wood products being the primary export.

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

Original content

According to recent data provided by the Ministry of Agriculture and Rural Development on October 2, in the first 10 months of 2021, Vietnam's import turnover of agricultural, forestry and fishery products is estimated at 35.6 billion USD, up 39.1% over the same period in 2020. In which, the import value of main agricultural products is estimated at 22.5 billion USD; livestock products reached over 2.9 billion USD; group of aquatic products is estimated at more than 1.6 billion USD; the main group of forest products is about 2.6 billion USD; production input group is nearly 6 billion USD. In terms of supply, in the first 10 months of the year, the US was the number one source of agricultural products in Vietnam with a turnover of nearly $3.3 billion, accounting for 9.2% of the market share; The second place is Cambodia with a value of 3.15 billion USD, accounting for 8.9% market share. Before that, summarizing the end of the third quarter of 2021, Cambodia was the number one ...

Source: CafeF