Vietnam's exports of confectionery and grain products suddenly soared 55% in August.
Preliminary statistics from the General Department of Customs show that Vietnam's exports of confectionery and grain products suddenly soared in August. This is one of the four items with the strongest growth.
Specifically, exports of this product in August earned more than 130 million USD, an increase of 55% in just 1 month. Cumulatively in the first 8 months of the year, exports of confectionery and grain products reached more than 682 million USD, a slight increase of 4.3% over the same period.
The US, Japan, Korea, Cambodia and China are the main markets importing this product from our country with a market share of 16.1%; 7.5%; 6.16%; 5% and 5.94% respectively.
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Vietnam's export value of confectionery and cereals in the first 8 months of 2023 |
In August, the US spent more than 11.9 million USD to import this product, a slight decrease of 0.24% compared to July. Accumulated in 8 months, the country spent more than 89.6 million USD to import cakes. candy and grain products in our country, down 18.66% over the same period.
Hàn Quốc là thị trường đứng thứ 3 khi xuất khẩu mặt hàng này tới xứ sở kim chi trong tháng 8 đạt hơn 6,7 triệu USD, tăng 0,3% so với tháng 7. Tính tổng 8 tháng, Hàn Quốc đã nhập khẩu mặt hàng này với số tiền hơn 45,2 triệu USD.
Vietnam's exports of confectionery and grain products in 2022 will reach more than 995 million USD, an increase of 31.4% compared to 2021. Besides the above countries, markets such as Singapore, Philippines, Laos, and Ghana. .. is also purchasing this product from Vietnam.
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Vietnam's 5 main markets for confectionery and cereal products |
On the other hand, imports of confectionery and cereal products to Vietnam in August reached 49.2 million USD, an increase of 18.9% compared to July. Accumulated in 8 months, imports of this item reached more than 309 million USD. million USD, down 7.6% over the same period. The origin of Vietnam's confectionery and cereal products is mainly from the Indonesian market. Our country spent more than 70 million importing this item from Indonesia in the first 8 months of the year.
In addition, FAO also raised its forecast for global grain inventories to 878 million tons at the end of the 2023-24 crop year, about 2.3% higher than the previous crop year. The grain consumption-reserve ratio accordingly remained at 30.6%, indicating a comfortable supply outlook in the new crop year.
