In February alone, the revenue stood at 4.48 billion USD, up 21.8% year-on-year, but down 16.5% from January.

Of the two-month value, agriculture contributed 5.18 billion USD, up 55.7%; forestry products, 2.9 billion USD, up 59.7%; and aquatic products, 1.37 million USD, up 28.9%.

Key items like wood products, coffee, fruits and vegetables, rice, cashew nuts, and shrimp see increases in export revenue.

The ministry said key items like wood products, coffee, fruits and vegetables, rice, cashew nuts, and shrimp saw increases in export revenue, ranging from 20.5% to 85%. Tra fish (pangasius), however, dropped 0.7% to only 224 million USD.

In terms of markets, agro-forestry-fishery exports to Asia were valued at 4.55 billion USD, up 43%; America, 2.31 billion USD, up 74.2%; Europe, 1.28 billion USD, up 52.6%; Oceania, 135 million USD, up 48.8%; and Africa, 129 million USD, up 60.4%.

The US, China and Japan remained the three biggest importers, accounting for 21.5%, 21%, and 7.2%, respectively.

The ministry said it will continue handling market-related issues to facilitate agro-fishery exports, and implement projects to boost exports to such markets as China, the US, Japan and the European Union (EU), while approaching new, promising ones in the Middle East and Africa.

It will also help businesses optimise free trade agreements, particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), and sign new contracts.

Export-import turnover reaches 1.41 billion USD during Tet

Vietnam’s export-import turnover reached 1.41 billion USD during the Lunar New Year (Tet) holiday which lasted from February 8 - 14, according to the General Department of Vietnam Customs.

Vietnam’s agricultural exports to China expected to rise

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).

Increasing competitiveness for agricultural products exported to the US

The US was Vietnam’s second-largest agricultural, forestry and fishery export market (after China), accounting for 20.7% of Vietnam’s total export turnover. The room for export to this market remains very large as Vietnam has further improved the quality and competitiveness of its agricultural products.

Vietnam's export revenue highest in 22 months

Vietnam's export turnover reached nearly US$33.6 billion in January, up 42% year-on-year, the highest since April 2022, according to the Ministry of Industry and Trade.

State budget revenue from imports, exports up 13.2% in January

State budget revenue from exports and imports in January reached 30.64 trillion VND (1.25 billion VND), equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the General Department of Vietnam Customs (GDVC) reported on February 6.

Source: VNA