Agricultural sector fulfils annual export target in November
VOV.VN - Vietnam raked in US$43.5 billion from exporting agricultural products during the past 11 months of the year, representing a rise of 14.2% on-year and fulfilling the export target for the whole year, according to the Ministry of Agriculture and Rural Development (MARD).
November alone witnessed agro-forestry-fishery exports reach US$4.2 billion, a year-on-year rise of 8.9% and up 5.8% from the previous month.
The MARD points out that despite experiencing a recent decline due to the COVID-19 pandemic, the export turnover of the majority of key commodity groups increased sharply by the end of November.
Specifically, forestry, seafood, and livestock exports surged by 20.9%, 3.5%, and 4% to US$14.3 billion, US$7.9 billion, and US$393 million, respectively, while the group of production inputs fetched over US$1.5 billion in revenue, a rise of 25.9% against the same period from last year.
Furthermore, the export prices of pepper and rice inched up 54.4% and 6.5%, respectively, while coffee, rubber, and cassava prices also edged up 10.5%, 25.8%, and 13.5%, respectively.
The United States, China, Japan, and the Republic of Korea remain the four largest consumers of Vietnamese agricultural exports.
Notably, farm produce exports to the US reached over US$11.9 billion, accounting for 27.5% of the overall market share, while exports to the Chinese market hit nearly US$8.4 billion, duly making up 19.2% of market share.
The country spent approximately US$39.2 billion on importing agro-forestry-fishery products in the opening 11 months of the year, a boost of 39% compared to last year’s corresponding period.
The US continues to be the largest provider of agricultural products to the Vietnamese market, with turnover recording nearly US$3.5 billion, of which cotton products account for 35.5% of total export value.
