Vietnam’s fertilizer imports surge in five months

15:23 | 03/06/2017 Trade

Vietnam spent 547 million USD on importing 2.01 million tonnes of fertilizer in the first five months of this year, up nearly 32 percent in volume and 24 percent in value compared to the same period last year, Lao Dong (Labour) newspaper reported.

Illustrative image - Photo: VNA

The country imported 427,000 tonnes of fertilizer, worth 119 million USD in May alone.

The strongest increase was seen in urea imports, up 22 percent in volume and 32 percent in value from 2016 to reach 230,000 tonnes and 60 million USD.

Vietnam mainly imported fertilizer from China, Russia and Indonesia.

In 2016, Vietnam imported 4.16 million tonnes of fertilizer, valued at 1.1 billion USD, down nearly 8 percent in volume and 22 percent in value compared to 2015.

Fertilizer management is under the control of two ministries, with the Ministry of Industry and Trade managing inorganic fertilizer and the Ministry of Agriculture and Rural Development managing organic fertilizer.

Theo VNA