Trade surplus in agriculture, forestry and fisheries rises over 62% in first half

Saturday, 29/06/2024 00:29
Export turnover of agricultural, forestry and fishery products is estimated to reach 29.2 billion USD in the first six months of the year, up 19% year on year, according to the Ministry of Agriculture and Rural Development.
Processing pangasius for export at Caseamex Joint Stock Company, Tra Noc Industrial Park, Can Tho. (Photo: VNA)

Along with that, import turnover of agricultural, forestry and fishery products totaled about 20.92 billion USD in the six months.

Thus, the entire industry’s trade surplus is estimated at 8.28 billion USD in the period, up 62.4% year on year.

Among them, exports of main agricultural products reached 15.76 billion USD, up 24.4%; exports of major forest products 7.95 billion USD, up 21.2%; exports of seafood 4.36 billion USD, up 4.9%; and exports of livestock products 240 million USD, up 3.8%.

Five items with the highest trade surplus include wood and wood products, 6.16 billion USD, up 22.5%; coffee, 3.14 billion USD, up 36.2%; fruits and vegetables, 2.42 billion USD, up 35.3%; rice, 2.31 billion USD, up 27%; and shrimp, 1.43 billion USD, up 13.3%.

According to the Ministry of Agriculture and Rural Development, seven products and product groups with an export value of more than 1 billion USD include coffee, rubber, rice, vegetables and fruits, cashew nuts, shrimp and wood products.

Rice and cashew products exports saw rises in both volume and value. Specifically, rice export volume reached 4.68 million tons (up 10.4%), worth 2.98 billion USD (up 32%) and cashew nuts export volume posted 350,000 tons (up 24.9%), worth 1.92 billion USD (up 17.4%).

Coffee exports alone decreased in volume to 902,000 tons, down 10.5%, but thanks to the average export price increasing by 50.4%, the export value still hit 3.22 billion USD, up 34.6%.

Regarding export markets, the United States, China and Japan continue to be the three largest export markets for Vietnam’s agricultural, forestry and fishery products.

Export value to the United States accounted for 20.7%, up 20.8% over the same period last year; China 20.2%, up 9.5% and Japan 6.7%, up 5%./.