Farm exports generate US$25 bln in revenue
Export revenue from farming, forestry and seafood products is estimated to hit US$2.28 billion in October, the Ministry of Agriculture and Rural Development noted.
The figure has brought the total export value during the first ten months of 2014 up to US$25.39 billion, which represents an increase of 11.2% compared to the same period last year.
In the ten-month period, agriculture reported a year on year growth of 11.5% in export value, reaching US$12.25 billion; while fishery exports increased by 19.9% to US$6.48 billion, followed by the forestry sector with US$5.24 billion, up by 12.9%.
In October, several products recorded an increase in export, including coffee, cashew nuts, pepper, seafood, timber and wooden products, and rice, which had actually experienced a slump since the beginning of the year.
Vietnam has exported 669,000 tonnes of rice so far this month, generating US$317 million. As a result, rice exports during the ten months rose to 5.68 million tonnes, bringing home US$2.59 billion, down by 2.7% in volume, but up by 1.2% in value.
The ministry said coffee performed the best during the period, with year-on-year surges of 37.1% to 1.49 million tonnes in export volume and 33.5% to US$3.10 billion in value.
Meanwhile, a decline in the export of tea, rubber, cassava and cassava-based products was recorded.
The ministry’s data also revealed that only 12,000 tonnes of tea, worth US$21 million, were shipped abroad in October, contributing to a year-on-year fall of 5.6% in volume to 109,000 tonnes and 0.6% in value to US$186 million during the first ten months of this year.
In the ten-month period, agriculture reported a year on year growth of 11.5% in export value, reaching US$12.25 billion; while fishery exports increased by 19.9% to US$6.48 billion, followed by the forestry sector with US$5.24 billion, up by 12.9%.
In October, several products recorded an increase in export, including coffee, cashew nuts, pepper, seafood, timber and wooden products, and rice, which had actually experienced a slump since the beginning of the year.
Vietnam has exported 669,000 tonnes of rice so far this month, generating US$317 million. As a result, rice exports during the ten months rose to 5.68 million tonnes, bringing home US$2.59 billion, down by 2.7% in volume, but up by 1.2% in value.
The ministry said coffee performed the best during the period, with year-on-year surges of 37.1% to 1.49 million tonnes in export volume and 33.5% to US$3.10 billion in value.
Meanwhile, a decline in the export of tea, rubber, cassava and cassava-based products was recorded.
The ministry’s data also revealed that only 12,000 tonnes of tea, worth US$21 million, were shipped abroad in October, contributing to a year-on-year fall of 5.6% in volume to 109,000 tonnes and 0.6% in value to US$186 million during the first ten months of this year.