Vietnam’s agro-forestry-fishery exports race past 2024 record in first 11 months
Vietnam’s agro-forestry-fishery sector has set a new benchmark, posting an estimated US$64.01 billion in export earnings in the first 11 months of 2025, a 12.6% rise year on year and already higher than 2024’s figure of US$62.4 billion, the Ministry of Agriculture and Environment (MAE) reported.
Agricultural products remained the biggest contributor with US$34.24 billion, up 15%. Livestock exports grew 16.8% to US$567.4 million, aquatic products advanced 13.2% to US$10.38 billion, and forestry exports climbed 5.9% to US$16.61 billion.
Export turnover in November alone is estimated at US$5.8 billion, down 3.7% from October but up 8.4% from a year earlier. Imports, meanwhile, reached US$3.92 billion, a decrease of 3.2% month on month and 2.9% year on year.
For the 11-month period, agro-forestry-fishery imports rose 10.1% to US$44.45 billion.
The sector recorded a trade surplus of US$1.88 billion in November — 4.7% lower than in October but 43.3% higher than the same period last year. The cumulative surplus for the first 11 months reached US$19.55 billion, up 19%.
A number of key agricultural commodities powered the sector’s strong performance. Coffee, fruit and vegetables, cashew nuts, and pepper all saw sharp gains, supported by robust global demand and rising export prices.
Coffee remained the standout, with overseas shipments reaching 1.4 million tonnes worth US$7.88 billion during January–November, up 14.1% in volume and 59.7% in value from a year earlier. Average prices surged nearly 40% to US$5,667.6 per tonne. Germany, Italy, and Spain were the biggest buyers, while Mexico recorded a spectacular 26-fold increase.
Fruit and vegetable exports also performed strongly, climbing 19.5% to US$7.91 billion on sustained demand from China and growing shipments to the US. Cashew exports rose nearly 20% in value to US$4.76 billion despite only small volume growth, reflecting higher prices.
Pepper saw the steepest price gains as the export volume fell, but value still rose more than 23% to US$1.5 billion.
However, several major commodities posted declines. Rice experienced the sharpest fall, with both volume and value down amid intense global competition and falling prices. Shipments reached 7.5 million tonnes worth US$3.83 billion, down 11.5% and 27.7%, respectively. Tea and rubber also continued to soften due to weak demand and market volatility.
According to the MAE, the sector will continue pushing both domestic consumption and export growth as it works toward the 2025 export goal of around US$70 billion. In response to the US’ reciprocal tariffs, the ministry is rolling out a package of adaptive measures covering science and technology, markets, policy, economic diplomacy and industry linkages, alongside enhanced support for exporters in market access and trade promotion.