Vietnam's meat imports increase but exports decrease in Q3

Published 2024년 11월 15일

Tridge summary

Vietnam's Q3 import volume of meat and meat products increased by 4.2% from the previous year, but their value decreased by 0.8%. The country's largest meat suppliers were India, the US, Russia, Poland, Australia, South Korea, and Brazil. Pork imports alone rose by 17% in volume and 18% in value, with Brazil being the largest supplier despite a sharp decrease in imports compared to the previous year. On the other hand, Vietnam's meat and meat product exports in Q3 decreased by 8.4% in volume and 12.4% in value compared to the previous year, with Hong Kong (China) being the largest market for these exports.

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

Original content

Although the import volume increased by 4.2% compared to the same period last year, the value decreased slightly by 0.8%. The largest meat suppliers to Vietnam in this quarter were India, the US, Russia, Poland, Australia, South Korea and Brazil. In particular, imports from some countries such as Australia, South Korea and the US grew strongly. Regarding pork alone, Vietnam imported 32,010 tons, worth 72.51 million USD in the third quarter. Compared to the second quarter, the import volume increased by 17%, while the value also increased by 18%. The average import price of pork in the third quarter reached 2,265 USD/ton, equivalent to about 57,000 VND/kg, lower than the current domestic price of live pigs (60,000-64,000 VND/kg). Brazil remains the largest market supplying pork to Vietnam, with 11,800 tons worth 28.04 million USD. However, imports from Brazil decreased sharply compared to the same period last year, down 43% in volume and 45.6% in value. Besides Brazil, Russia, ...

Source: Voh