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AGRO-FISHERY-FORESTRY EXPORTS REACH 32.6 BILLION USD IN TEN MONTHS

AGRO-FISHERY-FORESTRY EXPORTS REACH 32.6 BILLION USD IN TEN MONTHS
November 07, 2018, 09:17 AM
The agro-fishery-forestry sector earned 32.6 billion USD from exports during the January-October period, up 8.1 percent year-on-year, according to the Agro Processing Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development.

The export of key farm produce hit 16.4 billion USD, 2.3 percent higher than that of the same time last year. Meanwhile, earnings from aquatic, husbandry, and forestry products were estimated at 7.24 billion USD, 0.46 billion USD, and 7.6 billion USD; rising 6.2 percent, 9.5 percent, and 16.3 percent, respectively.

Over the 10-month period, Vietnam pocketed 2.6 billion USD from shipping 5.2 million tonnes of rice abroad, an increase of 1.7 percent in volume and 14.1 percent in value year-on-year.

Strong growth in rice export revenue was seen in Indonesia, Iraq, the Philippines, and Malaysia.

Exports of cassava also exhibited good performances, with 1.92 million tonnes sold at 739.6 million USD, down 9.78 percent in quantity but up 16.1 percent in value compared to the same period in 2017.

Coffee export revenue regained strength after a time of steep fall. About 1.57 million tonnes of coffee were sold in foreign countries at 2.98 billion USD in the reviewed period, a year-on-year increase of 21.3 percent in volume and 0.9 percent in value.

Regarding vegetables and fruit, Vietnam exported around 3.3 billion USD worth of products, hiking 15.5 percent year-on-year.

In contrast, decline in export revenue was seen in pepper (33.4 percent), rubber (7.3 percent), and tea (7.7 percent).

The AgroTrade said that from the outset of the year, the country splashed out 25.72 billion USD on agro-fishery-forestry imports, 11.1 percent higher than the amount in the same time in 2017.

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