Agricultural exports hit US$10.7 billion
(VOV) - Agro-forestry and fishery exports fetched nearly US$2.2 billion in May, bringing their total five-month export earnings to US$10.7 billion, down 4.6% from a year ago.
In five months, the fishery sector raked in US$2.2 billion from exports, a year-on-year decrease of 5.6%. The US, Japan and the Republic of Korea, which are Vietnam’s leading seafood consumers, saw a considerable decline in their imports.
Vietnam shipped 2.86 million tonnes of rice abroad for US$1.265 billion, down 3.2% in volume and 7.9% in value.
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Coffee businesses delivered 697,000 tonnes to foreign importers, earning US$1.49 billion, down 23.2% in volume and 21.7% in value. Germany and the US were Vietnam’s largest coffee consumers, making up 13.5% and 11.8% of Vietnam’s total export value.
Rubber earnings also fell 26.8% in value to US$759 million from exporting 287,000 tonnes, down 16.3% in volume.
To the contrary, tea, pepper, cashew nut and timber products saw impressive export growth.
Cashew nut exports increased 9.7% in volume and 0.8% in value to 85,000 tonnes and US$535 million.
Businesses earned US$446 million from exporting 68,000 tonnes of pepper in five months, up 13.9% in volume and 9.6% in value.
Five-month tea exports hit 48,000 tonnes, earning US$73 million, down 5.6% in volume, but up 1.3% in value.
Timber export earnings also rose 10.4% to US$2 billion in the reviewed period.