Imports of the group were valued at USD25.9 billion, a year-on-year decrease of 0.5%.
Thus, agriculture, forestry and fishery enjoyed a surplus of USD7.3 billion, USD664 million higher than the same period last year. So far, the agricultural sector has had 6 groups of products earning export value of over USD2 billion.
Photo for illustration. (Source: haiquanonline.com.vn)
MARD reported that forestry products still maintained rapid export growth in the 10 months as they brought home 9.04 billion USD, up 18.8% over a year earlier and accounting for 27.2% of the total.
Some commodities saw strong growth in exports compared to the same period last year, including: rubber 5.6%, tea 14.3%, cinnamon 32%, rattan 40.6%, and livestock products 3.9%.
Meanwhile, shipments of key agricultural products witnessed reduction of 7.4% with USD15.25 billion, making up 46% of the total, and those of seafood decreased 2.4% to USD7.06 billion, making up 21.3% of the total.
The ministry said a strong decrease in export price of several agricultural products like cashew, pepper, rice and coffee was the main factor leading to the fall in revenue in the period.
In the 10 months, exports of fruits and vegetables earned USD2.3 billion, down 1.3%. The decline came from shipment decrease to the Chinese market where authorities have tightened regulations on chemical residue, food safety, and package material requirements.
China remained the biggest importer of Vietnamese agricultural products, accounting for 26.8% of the market share, followed by the US (21.7%), the EU (11.9%) and ASEAN (10.3%)./.