| In 2023, fertilizer exports of all kinds decreased by 40.7% in turnover. Fertilizer exports in January 2024 increased in both volume and turnover. |
According to statistics from the General Department of Customs, in the first two months of 2024, the country exported 351,962 tons of various fertilizers, equivalent to 145.42 million USD, with an average price of 413.2 USD/ton, up 26.5% in volume, up 12.8% in turnover but down 10.9% in price compared to the first two months of 2023.
In February 2024 alone, 171,741 tons of various fertilizers were exported, reaching 72.52 million USD, priced at 422.3 USD/ton, down 4.7% in volume, down 0.5% in turnover but up 4.4% in price compared to January 2024; Compared to February 2023, it increased 13.7% in volume, up 11.5% in turnover but down 1.9% in price.
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| In the first two months of 2024, the whole country exported 351,962 tons of fertilizer. |
Vietnam's fertilizers are mainly exported to the Cambodian market, which alone accounts for over 19% of the total volume and total export turnover of fertilizers in the country, reaching 67,530 tons, equivalent to 27.98 million USD, with an average price of 414.3 USD/ton, up 10% in volume, but down 5.4% in turnover and down 14% in price compared to the same period in 2023.
In February 2024 alone, exports to this market decreased by 21.3% in volume, 26% in value and 6% in price compared to January 2024, reaching 29,750 tons, equivalent to 11.9 million USD.
Behind the Cambodian market are markets such as: South Korea with 60,720 tons, equivalent to 25.2 million USD, average price of 415 USD/ton, a sharp increase of 51.3% in volume, 63.6% in turnover and 8.1% in price, accounting for over 17% of the total volume and total export turnover of fertilizers of the whole country.
Exports to the Philippines market reached 17,894 tons, equivalent to 8.1 million USD, with an average price of 454 USD/ton, up 217% in volume and 90.9% in turnover, while prices decreased by 39.8%, accounting for over 5% of total volume and total turnover.
Exports to the Malaysian market reached 22,407 tons, equivalent to 7.4 million USD, with an average price of 330.2 USD/ton, up 12.7% in volume, up 19% in turnover, up 5.7% in price, accounting for 6.4% in total volume and 5.1% in total turnover.
The increase in fertilizer export volume and turnover is due to the positive contribution of domestic fertilizer manufacturing enterprises. Specifically, Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC, Hose: DCM) and PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo).
Accordingly, Apromaco is the largest exporter with an output of 47.3 thousand tons, an increase of 27.8 thousand tons compared to January 2024. PVCFC is the second largest exporter with 43.4 thousand tons of urea, an increase of 36.9 thousand tons compared to January.
Next is PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo, stock code DPM) with 12 thousand tons of urea, down 26.9 thousand tons compared to January.
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