Illustrative image (Photo: VNA)

Vietnam’s fertilizer import volume reached the highest level in more than two years in August, according to the General Department of Customs, while prices fell from a year earlier.

In August, Vietnam imported more than 472,283 tons of fertilizers worth $159 million, 54% more than in July in volume and 85% in value. This was the highest import volume since July 2021.

Fertilizer prices hit $338 a ton last month, up 19% on the month but down 26% year-on-year.

At the end of August, fertilizer imports increased by 13% to 2.5 million tonnes, but the value of imports fell by 19% year-on-year to US$833 million.

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During the period, the average price of imported fertilizer was estimated at USD 347 per ton, 25% less than last year.

Fertilizer prices hit $338 a ton last month, up 19% on the month but down 26% year-on-year

China is the country’s largest supplier of fertilizers so far this year, with approximately half of all imported fertilizers, with more than 1.2 million tons, valued at USD 375 million, an increase of 15 % year-on-year in volume and 14% in value.

Japan follows, with more than 225,000 tons of imported fertilizers and a value of 21 million USD.

Article republished from the Vietnamese state media VNA within the framework of an agreement between both parties to share content. Link to the original article:

Vietnam News Agency VNA

Vietnam News Agency (VNA) is a state news organization that publishes, disseminates official information, and collects and provides news through various forms of multimedia content for domestic and foreign media agencies.

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