Cassava exports see record growth rate in January

Cassava recorded the strongest export growth rate in January, as Vietnam shipped 76,118 tonnes abroad, earning 19.9 million USD, up 369.6% month-on-month in volume and 340.8% in value, according to the General Department of Vietnam Customs.

Thursday, February 22, 2024 10:13

Cassava exports see record growth rate in January ảnh 1

Vietnamese cassava (Photo: hiephoisanvietnam.org.vn)

Hanoi (VNA) – Cassava recorded the strongest export growth rate inJanuary, as Vietnam shipped 76,118 tonnes abroad, earning 19.9 million USD, up 369.6%month-on-month in volume and 340.8% in value, according to the General Department of Vietnam Customs.

The figures represented increases of 30.9%in volume and 36.4% in value compared to those of the same month last year.

In the month, the export revenue of cassavaand cassava products surpassed 195 million USD, up 38.1% month-on-month.

China maintained its position as Vietnam'slargest cassava importer. In January, Vietnam exported 401,945 tonnes ofcassava and related products to China, earning 183 million USD, up 48% in volumeand 38% in value from the previous month. China's market share also expandedfrom 91% in 2023 to 94% in the first month of 2024.

The Southeast Asian country also sold theseproducts to the Republic of Korea, Malaysia, Japan and Pakistan.

Vietnam currently ranks second in the worldin terms of cassava exports, after Thailand.

The export value of cassava and cassava productsrose from 958 million USD in 2018 to nearly 1.5 billion USD in 2022. The revenueis expected to increase to 2 billion USD by 2028 and 2.5 billion USD by 2050./.

VNA

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