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Economics

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Agro-forestry-seafood exports hit US$20.4 billion

Vietnam earned US$2.3 billion from exporting agro-forestry and fishery products in September, bringing the total revenue of the past nine months to US$20.4 billion, up 10.2 percent year on year.

 The Ministry of Agriculture and Rural Development reported on September 25 that agricultural products fetched US$11.1 billion, up 6.2 percent. Most products saw rises in both volume and value, except for rice, rubber and pepper.

During the nine-month period, the country shipped 6.2 million tonnes of rice for US$2.78 billion, up 4.5 percent in volume but down 6.1 percent in value. China has become Vietnam’s largest rice importer since the beginning of this year.

Coffee also contributed US$2.85 billion, up 29.8 percent, to the country’s farm produce exports with a total volume of 1.36 million tonnes, up 36.8 percent. The growth was attributable to the rising demand from Germany and the US, the largest consumers of Vietnam’s coffee.

Tea products maintained stable growth, raking in US$161 million, up 8.8 percent and 8.3 percent, in volume and value, respectively.

Meanwhile, pepper exports earned US$627 million, down 0.9 percent from shipping 91,000 tonnes abroad, a decrease of 16.7 percent. The country’s largest pepper importers are the US, Germany and the United Arab Emirates.

Wood and wood products export reached nearly US$3.4 billion, an increase of 17.2 percent from the same period last year. Almost all Vietnam’s key markets saw a strong growth, including the US, China and Japan, which account for 30.6 percent, 14.4 percent and 17.2 percent of the total revenue, respectively.

Aquatic products brought in an estimated US$4.5 billion, up 3.5 percent from last year’s same period. The US remains the top importer of Vietnam’s seafood, followed by Japan and the Republic of Korea.

(VOV)

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