Why is it that China buys the most of this agricultural product in the world from Vietnam and Thailand but still buys from Laos?

Published 2022년 4월 5일

Tridge summary

China is the world's leading importer of cassava and tapioca starch, with Thailand and Vietnam being its main suppliers. In 2021, China's cassava imports reached $1.41 billion, a 97.6% increase from 2020, and its tapioca starch imports amounted to $1.52 billion, a 51.6% rise from the previous year. This surge is primarily due to the recovery of China's pig industry and challenges in maize supply from South American weather conditions. In 2021, Vietnam became the largest exporter of cassava and cassava products to China, accounting for 93.6% of the volume and 92.9% of the value of total exports. Despite China's strict import and export policies due to COVID-19, Vietnam's exports of these products are expected to rise in 2022.

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

Original content

China is currently the world's largest import market for cassava and tapioca starch, in which China mainly buys cassava and cassava products from Thailand and Vietnam. According to the report of the Import-Export Department (Ministry of Industry and Trade), in 2021, China is the market to buy the most cassava and tapioca starch in the world. same period in 2020. Accordingly, in the first 11 months of 2021, China's cassava imports reached 1.41 billion USD, up 97.6% over the same period in 2020. Of which, China's imports from Vietnam reached 140.86 million USD. , an increase of 52.8% over the same period in 2020. Meanwhile, China's tapioca starch imports in the first 11 months of 2021 reached $1.52 billion, up 51.6% over the same period in 2020. Particularly, purchases from Vietnam reached $258.22 million. Entering 2022, from the beginning of the year China has accelerated the purchase of a large amount of cassava and cassava products. According to statistics from the General ...

Source: Danviet