Agro-forestry-aquatic product exports rake in US$38.75 billion
Vietnam’s agro-forestry-aquatic product exports surged 13.1% year-on-year in the first 10 months of 2021 to US$38.75 billion, according to the Ministry of Agriculture and Rural Development.
Agricultural product shipments reached nearly US$17.4 billion during the period, a year-on-year increase of 12.7%. Exports of forestry and animal husbandry products earned US$12.8 billion and US$379 million, up 22.3% and 6.1%, respectively.
Exports of aquatic products, meanwhile, declined 0.8% to US$6.9 billion in the January-October period.
The US remained Vietnam’s largest importer, buying over US$10.8 billion worth of agro-forestry-aquatic products, accounting for 27.9% of the total.
A majority of the US’s imports from Vietnam (68.4%) were wood and timber products.
China came second, with US$7.5 billion, representing a market share of 19.3%. China spent mostly on Vietnam’s vegetables and fruits.
Japan ranked third with US$2.6 billion worth of products imported from Vietnam, accounting for 6.8% of the total.