Agro-forestry-fishery enjoys trade surplus in 11 months

Monday, 06/12/2021 15:30
(CPV) - Export of agricultural, forestry and fishery products is estimated to reach 4.2 billion USD in November 2021, bringing the total export turnover of the whole industry in 11 months to 43.48 billion USD, surpassing the 2020 figure and setting the record, according to the Ministry of Agriculture and Rural Development.

Agricultural exports enjoy growth in both volume and value. (Photo: baodautu.vn)

Specifically, the export of main agricultural products was estimated at over 19.3 billion USD, up 13.7%; main forest products reached about 14.3 billion USD, up 20.9%; seafood posted over 7.9 billion USD, up 3.5%; livestock production was estimated at 393 million USD, up 4.0%; and the production input group over 1.5 billion USD, up 25.9%.

Products or product groups witnessing export value increases include: coffee, rubber, rice, vegetables and fruits, pepper, cashew nuts, cassava and cassava products, livestock products, wooden products, rattan, bamboo, sedge carpet, and cinnamon.

Particularly, rubber, cashew nuts, cassava and cassava products saw increases in both export volume and value, specifically: rubber 40.5% in value; rice by 7.3%; cashew nuts, 14.6%; and cassava and cassava products, 23%.

In spite of a decrease of 6.7% in export volume, export value of pepper rose 44% thanks to average export price increasing by 54.4%. Pepper has the highest average export price since the beginning of the year.

Coffee also saw volume reduction, of 4.4%, but its export value still increased by 5.9%, thanks to price increase of nearly 11%.

Over the past 11 months, Vietnam mainly exported agricultural, forestry and fishery products to markets in Asia (accounting for 43.1% of the market share), the Americas (29.6%), Africa (1.9%) and Oceania (1.6%).

The US is the largest export market with over 11.9 billion USD, accounting for a 27.5% market share; in which the value of wood and wood products made up 67.2% of Vietnam’s agricultural, forestry and fishery export turnover to the market.

It was followed by China with nearly 8.4 billion USD, accounting for a 19.2% market share, and Japan with nearly 3 billion USD, accounting for 6.9%.

According to the Ministry of Agriculture and Rural Development, in the 11 months, import turnover of agricultural, forestry and fishery products reached about 39.18 billion USD, a year-on-year increase of 39%. With this, the trade surplus of the commodity was 4.3 billion, a year-on-year decrease of 56.5%./.

                

BTA

RELATED NEWS

Comment
FullName
Email
Contents

/

Confirm