Market and product

Vietnam imported 4.54 million tonnes of fertilizer in 2021 at a cost of US$1.45 billion, up 19.4% in volume and 27.8% in value on-year, according to figures given by the General Department of Vietnam Customs.

China was the major supplier of fertilizers of all kinds to the country, accounting for 44.5% of the total volume and 42% of the total fertilizer import turnover, reaching 2.02 million tonnes worth US$610.29 million.

During the reviewed period the Southeast Asian market was the nation’s second largest fertilizer provider, with 504,838 tonnes, followed by Russia with 386,193 tonnes.