Animal feed, corn imports from Argentina account for large share

Argentina is the largest exporter of animal feed and corn for Vietnam from South America with a value of US$1.6 billion in the first eight months of this year, according to the General Department of Vietnam Customs.

In the period, animal feed and corn accounted for 86% of total import value. Vietnam imported more than US$1 billion of animal feed and materials from Argentina (up 4.92%) and 2.7 million tons of corn valued at US$525.7 million (up 54.66% in volume and 59.83% in value against the same period last year).

Garment and footwear materials were also major import products with US$29.3 million in eight months, up 57.05%.

In general, 87.5% of import products from Argentina saw a growth in eight months, particularly cotton (up 357.07% to US$6 million).