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Vietnam: The export of cassava and cassava products in the first 4 months of 2022

Published Jun 2, 2022

Tridge summary

In April 2022, Vietnam experienced a 9.7% increase in cassava and cassava product exports, reaching 234,988 tons with a turnover of 105.02 million USD. The average price per ton rose by 19% compared to the previous year, largely due to increased demand and lower export volumes. The majority of these exports were to China, accounting for 91.5% of the total volume and 98.5% of the total turnover. However, the article also highlights challenges such as high logistics costs, dependence on the Chinese market, and competition from other countries like Thailand, Cambodia, and Laos. To mitigate these challenges and diversify its export markets, Vietnam is exploring opportunities presented by Free Trade Agreements (FTAs), including the EU-Vietnam FTA, which offers tariff-free quotas for cassava products. Additionally, the country is focusing on improving cassava quality for the European market and is actively exploring other markets through FTAs.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics of the General Department of Customs, in April 2022, Vietnam exported 234,988 tons of cassava and cassava products, turnover of 105.02 million USD, average price 446.9 USD/ton, an increase of 9 .7% in volume, up 30.5% in turnover and 19% in price compared to April 2021. Generally, in the first 4 months of 2022, the export of cassava and cassava products reached 1.19 million tons, turnover was 517.18 million USD, the average price was 434.1 USD/ton, up 0.05% in volume. up 16.5% in turnover and 16.4% in price over the same period in 2021. Vietnam exported to China 1.09 million tons of cassava and cassava products, with a turnover of US$473.31 million, the average price of US$434.2 per ton, down 1.9% in volume but up 14.8 % in turnover and 17% in price over the same period in 2021; accounting for 91.5% of the total volume and total export turnover of cassava and cassava products of the country. In addition, Vietnam only exports small volume to markets such ...
Source: Vinanet
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