The Ministry of Industry and Trade’s statistics indicate that during the January to September period, businesses spent US$1.24 billion buying meat and meat products from overseas, up 19.2% year on year.
India alone shipped US$470 million worth of the products to Vietnam, becoming the largest supplier.
Meanwhile, Vietnamese imports of meat and meat products from most markets increased compared to the same period last year, such as Poland, the United States, Australia, Canada, Turkey, and Japan, the Ministry reported. By contrast, the imports from countries such as Russia, Brazil, and Spain decreased in comparison to the same period from 2023.
Vietnam mainly purchased chilled or frozen meat and edible by-products of poultry, pig, cattle, and buffalo.
In the opening nine months of this year, the country imported over 64,000 tonnes of chilled or frozen meat with a value of US$145 million, an annual drop of 5.9% in volume and 18% in value. The average price of imported chilled or frozen meat stood at US$2,245 per tonne, decreasing by 12.9% compared to last year.
Vietnam imported chilled or frozen meat from a total of 32 markets worldwide, with the largest supplier Brazil accounting for 38.5%, Russia for 30.8%, and Canada for 9.1%.