China still the country’s largest market in 2023.
Vietnam exported $1.2 billion worth of animal feed and raw materials in 2023 while importing $5.1 billion, according to the Ministry of Agriculture and Rural Development.
Export revenue reached $1.11 billion in the first eleven months, a year-on-year rise of 7 per cent.
China remained the biggest importer of Vietnam’s animal feed and raw materials during the eleven-month period, with $539.75 million, an increase 32.9 per cent compared to the same period of 2022 and accounting for 48.6 per cent of the total.
It was followed by Cambodia and Malaysia, with $155.55 million and $108.65 million, respectively, up 0.9 per cent and 30.2 per cent.
Vietnam now has 269 facilities producing animal feed, with a total capacity of 43.2 million tons, including 90 foreign-owned facilities.
