Statistics from the Chinese Customs Authority indicate that in July, China imported nearly 289,200 tons of cassava starch, totaling $145.1 million. This marks a 66.3% increase in quantity and a 55.9% rise in value compared to the same period last year.

This trend represents the fifth consecutive month of increased cassava starch imports by China compared to the same period in 2023.

Overall, from January to July 2024, China's imports of cassava starch reached 2.05 million tons, valued at $1.08 billion, reflecting increases of 21.8% in quantity and 33.7% in value year-over-year. The primary suppliers included Thailand, Vietnam, Laos, Cambodia, and Indonesia.

Thailand remains the largest supplier, with China importing nearly 955,900 tons worth $525.5 million from the country, a slight increase of 3.8% in quantity and 13.4% in value compared to the previous year.

Thai cassava starch accounts for 46.6% of China's total imports, a decrease from 54.69% in the same period last year.

Vietnam is the second largest supplier, exporting 762,720 tons of cassava starch to China, valued at over $393.2 million. Compared to last year, exports of this white starch to China from Vietnam have increased by 40% in quantity and 56% in value.

Vietnamese cassava starch makes up 37.2% of China's total imports, up from 32.35% in the first seven months of 2023.

China has also increased its imports of cassava starch from Laos, Cambodia, and Brazil, while reducing imports from Indonesia.

According to the General Customs Department, over the past eight months, Vietnam exported 1.79 million tons of cassava and cassava products, generating $822.7 million. Although this represents a 3.8% decrease in quantity, the value increased by 7% compared to the same period last year.

The average export price for cassava and its derivatives during the first eight months of this year was $458.1 per ton, an 11.3% increase from 2023.

In terms of export markets, China continues to purchase up to 92% of Vietnam's cassava and cassava products. China spent approximately $751 million to buy 1.65 million tons, a decrease of 2.2% in quantity but an increase of 9.3% in value compared to last year.

The primary Vietnamese cassava exports over the past eight months have been cassava starch and dried cassava chips. The export of cassava starch has shown an increasing trend in both quantity and value compared to the same period in 2023.

Tam An