Agro-forestry, fisheries exports hit US$22.5 bln
Export earnings of agro-forestry and aquatic products in the past ten months were estimated at US$22.5 billion, up 9.5 percent over the same period last year.
According to the Ministry of Agriculture and Rural Development, several agricultural products have maintained stable growth in both volume and value, with some commodities seeing a strong surge, including coffee, cassava and products from cassava.
In the reviewed period, the country shipped abroad 1.4 million tonnes of coffee worth US$3 billion, representing year-on-year rise of 37.7 percent in volume and 32.7 percent in value.
The two largest export markets for Vietnamese coffee products were the US, accounting for 12.1 percent of the export value, and Germany, representing 12 percent.
Cassava exports reached over 3.6 million tonnes, earning US$1.13 billion, up 58.5 percent in volume and 38 percent in value.
Tea exports saw a positive signal with 110,000 tonnes shipped during ten months, worth US$182 million, year-on-year increases of 9 percent in volume and 8.8 percent in value. Pakistan remains the largest importer of Vietnamese tea.
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Wood and wooden products also saw a large increase of 19.3 percent in export value, earning US$3.8 billion.
Most major export markets for Vietnamese wood and wooden products showed strong growth of 28.7 percent in the US, 19.7 percent in Japan and 7.2 percent in China.
Meanwhile aquatic products registered only a slight increase of 1.7 percent in export value to over US$5 billion.
However, export of this commodity was forecast to be up in remaining months of this year because of the increasing demand of importing countries.
Rice and rubber were the only key export products to see increases in export volume but reductions in export value during the first ten months.
Rice had a year-on-year surge of 8.3 percent in volume to 6.9 million tonnes but a year-on-year decrease of 8.7 percent in value to US$3.14 billion. The average export price fell 9 percent to US$452 per tonne compared to the same period last year.
Rubber earned a total of US$2.3 billion from an export volume of 811,000 tonnes. The decrease of 8.7 percent in earnings was attributed to falling prices in the world market since early this year.