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Vietnam's total fertilizer exports hit a record high

 Last Update: 2022-10-31
 Source: Internet
 Author: User

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According to the latest statistics from the General Administration of Customs of Vietnam, in the first nine months of 2022, Vietnam exported nearly 1.
39 million tons of various fertilizers, equivalent to US$886 million, an increase of 45.
4% in volume and 166% in total exports compared to the same period in 2021, a record
high.

In addition to the strong growth in export volumes, fertilizer export earnings jumped over last year's full-year performance, with an increase of more than $300 million due to the rise in the price of exported fertilizers as world prices rose
.
Specifically, in the first nine months of 2022, the average price of Vietnam's fertilizer exports reached US$637.
7 per ton, an average price increase of 83%
over the first nine months of 2021.

In 2021, Vietnam exported 1.
35 million tons of various fertilizers with a total value of US$559 million, an increase of 16.
4% and 64%
respectively over 2020.

At present, Vietnam has four nitrogen fertilizer production plants, namely Phu Mei Nitrogen Fertilizer Plant, Jinou Nitrogen Fertilizer Plant, Hebei Nitrogen Fertilizer Factory and Ninh Binh Nitrogen Fertilizer Plant, with an average annual total production capacity of about 2.
65 million tons
.
Vietnam's fertilizer industry is expected to grow at an average annual rate of 4.
9%
between 2021 and 2026.
(End)

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