Exports of agro-forestry-aquatic products down nearly 5% in January

Vietnam’s export value of agro-forestry-aquatic products was estimated at US$5.08 billion in January, marking a 4.9% decline compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

Of which, the export revenue of farm produce reached US$2.64 billion, down 6.2% year-on-year; livestock products, US$39 million, down 9.3%; aquatic products, US$750 million, up 0.3%; and forestry products nearly US$1.5 billion, down 4.8%.

Several key agricultural exports saw a decline in value compared to January last year. Notably, fruit and vegetable exports were estimated at US$400 million, representing a year-on-year decrease of 18.1%.

Despite an overall decline, some commodities recorded growth in export value despite lower shipment volumes.

Coffee exports were estimated at 140,000 tonnes, generating US$763 million, a 41.1% drop in volume but a 5% increase in value compared to January 2024. The average export price of Vietnamese coffee in January reached US$5,450 per tonne, surging 78.5% year-on-year. Rubber exports totaled 180,000 tonnes, valued at US$341 million, reflecting a 14.5% decline in volume but a 14.6% increase in value.

Asia remained Vietnam’s largest export market for agricultural, forestry, and aquatic products, accounting for 47.9% of total exports, followed by Americas (23.8%), Europe (11.4%), Africa (1.8%) and Oceania (1.5%).

Exports to the Americas, Asia, and Europe witnessed a decline in January. Typically, exports to the American region hit US$1.21 billion, down 3.5%; Asia US$2.43 billion, down 1.8%; Europe US$577 million, down 16.2%. Meanwhile, exports to Africa surged 31.3%, while shipments to Oceania saw a modest increase of 0.2%.

According to the MARD, import value of agro-forestry-aquatic products in January reached US$3.9 billion, marking an 11.9% increase year-on-year.

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