Argentina increases agricultural exports to Vietnam

Argentina’s agricultural exports to Vietnam in the first quarter of this year reached 191,780 tonnes and earned US$70.38 million, up 105 percent in volume and 71 percent in value compared to the same period last year.

Argentina increases agricultural exports to Vietnam

Argentina increases agricultural exports to Vietnam

According to the Argentinean hygiene and food quality department (SENASA), the products with the highest export value include soybean powder (US$28.8 million), corn (US$21.46 million), and vegetable-based cattle feed (US$4.93 million).

Animal products exported to Vietnam brought Argentina US$14.43 million, particularly cow’s milk, fish, chicken powder, shrimp and cattle hides.

Last year, Argentina’s agricultural exports to Vietnam fell by 31 percent in volume to 1,410,849 tonnes and 3 percent in value to US$581 million against 2010.

Argentina imported 989 tonnes of agricultural products worth US$3.26 million from Vietnam, down 12 percent in volume, but up 117 percent in value. Its major imports were pepper, coconut, coffee, tea and saffron.

Vietnam is one of the non-traditional markets receiving more attention from Argentina’s export expansion plan.

Source: VOV

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