Agro-forestry-fishery exports rise 7.6% in first quarter

Thursday, 30/03/2017 22:36
Export turnover of agricultural, forestry and seafood products reached an estimated USD2.9 billion in March, bringing the figure for the first quarter of 2017 to USD7.6 billion, a year-on-year rise of 7.6%, according to the Ministry of Agriculture and Rural Development.

Rubber export turnover rises sharply in the first quarter

Of this, the export value of major agricultural products was estimated at USD4.2 billion, up 13.5% over a year earlier.

Specifically, seafood exports were valued at USD1.5 billion, a year-on-year increase of 3.6%, while export turnover of main forestry products posted USD1.8 billion, up 12.4% compared to the same period last year.

Over the past three months, rubber and coffee saw impressive growth in value.

Rubber export volume in March was 65,000 tonnes, worth USD138 million, raising the volume for the first three months of the year to 249,000 tonnes, valued at USD510 million, up 1.9% in volume and 90.6% in value.

China, the Republic of Korea and Malaysia are the three biggest rubber consumption markets of Vietnam in the first two months, occupying 67.3%, 4.1% and 4%, respectively.

Meanwhile, coffee exports in the first three months saw a 5.4% reduction in volume, at 449,000 tonnes, and a 25.6% rise in value at USD1 billion.

Markets witnessing a sharp rise in coffee export value in the first two months of the year were the Republic of Korea (79.3%),  the US (60%), Algeria (50.1%), Spain (33.6%), Germany (28.8%), the UK (27.4%), Japan (21%) and Italy (20.2%)./.

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