Tridge summary
Vietnam has seen a significant increase in meat and meat product imports in the first 8 months of 2024, with a sharp 20.3% surge compared to the same period last year, totaling nearly 1.08 billion USD. The country's meat exports, on the other hand, only reached 105 million USD, leading to a trade deficit of approximately 970 million USD. This situation is attributed to the low prices of meat and by-products in countries like Russia, Brazil, and Canada, which are more affordable than domestic prices. Despite being one of the world's leading pig farming nations, Vietnam imports meat from 37 countries, with the most significant imports coming from India, Russia, Brazil, Germany, Canada, the US, Spain, and Poland. The majority of these imports are consumed by budget eateries and restaurants due to their lower prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Source: baomoi.com According to the latest data just released by the General Department of Customs, in the first 8 months of 2024, Vietnam spent nearly 1.08 billion USD to import meat and meat products. Compared to the same period last year, the import value of this group of items increased sharply by 20.3%. Meanwhile, in the opposite direction, Vietnam's meat and meat product exports only reached 105 million USD. Thus, our country is having a trade deficit of about 970 million USD of meat and meat products. Vietnam imports fresh and frozen pork, buffalo, beef, poultry; imports edible animal by-products such as chicken feet, chicken necks, chicken skin, hearts, kidneys, gizzards, etc. in large quantities because the prices of these items are too cheap compared to the same types in the country. According to the report of the Department of Livestock (Ministry of Agriculture and Rural Development), the price of live pigs in countries that are sources of supply for Vietnam is quite ...
Source: AgroInfo.vn
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