Agro-forestry-fishery exports generate US$25.7 billion in 8 months

The agro-forestry-fishery sector raked in US$3.13 billion from exports in August, raising the total value in the first eight months of this year to US$25.7 billion, up 7.3% year-on-year.

agro-forestry-fishery exports generate us$25.7 billion in 8 months hinh 0

According to the Ministry of Agriculture and Rural Development, the best performers in the period included rice, fruit and vegetables, key forestry products and seafood. 

Exports to major markets like the Association of Southeast Asian Nations (ASEAN), the Republic of Korea (RoK), China, the US and Japan increased significantly over the past eight months. 

The country exported about 4.4 million tonnes of rice worth US$2.2 million between January-August, up 6.8% in volume and 22.1% in value from the same period last year. In August alone, 441,000 tonnes valued at US$209 million was shipped abroad. 

China remained Vietnam’s largest rice importer, making up 24.7% of the market share. 

Strong growth in rice export was also seen in other markets like Indonesia, Iraq, the Philippines, Malaysia, Ivory Coast and the United Arab Emirates (UAE). 

Vietnam earned US$5.6 billion from the export of wood and timber products, representing a year-on-year rise of 12.6%. The US, China, Japan and the RoK were the country’s major markets in this sector. 

During the reviewed period, the country exported US$5.5 billion worth of aquatic products, up 5.3% from the corresponding time last year, mostly to the US, Japan, China, and the RoK. 

Fruit and vegetable exports posted US$2.7 billion, up 14.1% year-on-year. 

However, other key agricultural products like pepper, coffee and rubber saw export value decrease in the past eight months. 

The ministry said import turnover of the sector also expanded by 9.2% to US$20.72 billion, with strongest growth in Urea, corn, seafood, wheat, fruit and vegetables, cattle feed and materials.


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