Vietnam spent more than 345 million USD importing frozen chicken and pork meat and by-products

Published May 8, 2024

Tridge summary

Vietnam's first quarter import-export data shows a mixed trend for meat and meat products. Exports experienced a decline, with a decrease of 8.3% in volume and 7.5% in value compared to the previous year, mainly to Asian markets. On the other hand, imports surged, with a 34% increase in volume and a 29.4% increase in value, largely from India. Despite this, pork imports have seen a decrease due to reduced domestic consumption. However, pig farming in Vietnam has shown improvement, with prices on the rise, indicating a positive outlook for the country's domestic pork production in the first quarter, estimated to reach 1.29 million tons, marking a 4.6% increase compared to the same period in the previous year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Import-Export Department, in the first quarter, the number of imports of poultry meat, buffalo meat, and beef in Vietnam tended to increase. The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs as saying that in the first quarter, Vietnam exported 5.34 thousand tons of meat and meat products, worth 23.67 million USD, a decrease of 8 .3% in volume and down 7.5% in value compared to the same period last year. Vietnam's meat and meat products are exported mainly to Asian markets. Vietnam's meat and meat products exports mainly include frozen whole suckling pig, frozen frog meat, frozen chicken feet, frozen whole pork... Notably, except for frozen chicken feet and frozen whole pork, exports of the remaining types of meat and meat products all grow well compared to the same period in 2023. Regarding imports, in the first quarter, Vietnam imported meat and meat products with an output of more than 171.54 ...
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