Agricultural exports hit US$11.4 billion in five months

(VOV) - Agro-forestry and seafood product exports are estimated at US$2.37 billion in May, bringing the sector’s total export revenue in five months to US$11.4 billion, a fall of 7.3% over the corresponding period.

The Ministry of Agriculture and Rural Development (MARD) reported that exports of key agricultural products dipped 7.4% to US$5.62 billion, especially rice (down 14.6%) and coffee (down 38%).

Meanwhile exports of major forestry products jumped 7% to US$2.69 billion.

agricultural exports hit us$11.4 billion in five months hinh 0

The decline was attributed to price fall in most key export products like paddy, rice, coffee and rubber.

According to the MARD, the sector’s imports in the first 5 months were estimated at US$9.25 billion, an increase of 8.1% against the same period last year.