Vietnam spends over $480M on meat imports in first 5 months
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Vietnam imported more than 239,000 tonnes of meat and meat products worth $480 million in the first five months of this year.
The number climbed by roughly 1.6% in terms of quantity but declined by 9.1% in terms of value, according to the General Department of Customs of Vietnam.
In May, Vietnam imported 57,620 tonnes of meat, worth $108.8 million, up 9.5% in volume but down 10.2% in value year-on-year. This marked the fourth monthly growth in import volume of meat and meat products.
During the period, the country imported from more than 36 markets, with the five largest suppliers being the U.S., India, Russia, Brazil, and Poland.
In particular, meat imports from Russia have steadily soared after decreasing in 2022.
The main types of imported meat and include poultry and offal, fresh chilled or frozen pork, and fresh chilled or frozen beef.
Imports of chilled or frozen poultry, offal of pigs, buffaloes, and cows were on the uptrend, while pork and beef imports decreased year-on-year.
In the first five months of 2023, Vietnam imported 29,610 tonnes of fresh chilled or frozen pork, worth $73.62 million, down 19.9% in volume and 5.7% in value.
Questions & Answers
Q.What are the main types of meat products Vietnam is importing?
What are the main types of meat products Vietnam is importing?
The primary types of imported meat include poultry and offal, fresh chilled or frozen pork, and fresh chilled or frozen beef. Imports of chilled or frozen poultry and offal from pigs, buffaloes, and cows are currently increasing.
Q.How has the value of meat imports changed compared to their volume?
How has the value of meat imports changed compared to their volume?
While the quantity of meat imports increased by roughly 1.6% in the first five months of the year, their overall value declined by 9.1%. This trend was also seen in May, with volume up but value down.
Q.Which countries are Vietnam's largest suppliers of meat and meat products?
Which countries are Vietnam's largest suppliers of meat and meat products?
Vietnam imports meat from over 36 markets, with the top five suppliers being the U.S., India, Russia, Brazil, and Poland. Meat imports from Russia have shown a steady increase after a decline in the previous year.
Q.Has the import of specific meat types like pork and beef changed?
Has the import of specific meat types like pork and beef changed?
Pork and beef imports have decreased year-on-year. In the first five months of 2023, imports of fresh chilled or frozen pork were down 19.9% in volume and 5.7% in value compared to the previous period.
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