The sector earned 37.3 billion USD from the export of farm produce and forestry and aquatic products in the reviewed period, a year-on-year increase of 3.6 percent. Meanwhile, 28.5 billion USD was spent on agro-forestry-fishery imports, down 0.7 percent.

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Seven items with export value exceeding 2 billion USD included coffee, rubber, rice, cashew nut, fruit, shrimp, wood and timber products.

China remained the largest buyer of Vietnamese agricultural products, accounting for 26.9 percent of the total exports. It was followed by the US (21.9 percent), the EU (11.7 percent), ASEAN (10 percent) and Japan (8.8 percent).

Strong growth was seen in shipments of rubber which totalled 2 billion USD, up 9.3 percent year on year; tea, 216 million USD, 16 percent; wood and wood products, 9.6 billion USD, 19.5 percent; and cinnamon, 163 million USD, 31 percent.

Some key commodities, however, suffered a drop in export value such as cashew nut (down 1.8 percent to 3 billion USD), fruits (down 5.5 percent to 2.6 billion USD), rice (9.4 percent to 2.6 billion USD), coffee (23 percent to 2.5 billion USD) and pepper (5.8 percent).

The Ministry of Agriculture and Rural Development forecast that total agricultural export revenue for the entire year will be likely to hit 41.3 billion USD with a trade surplus of about 9.5 – 10 billion USD.

Last year, Vietnam’s export of agricultural products hit a record high of 40.2 billion USD, making it the second largest agricultural exporter in Southeast Asia.

Vietnam’s trade surplus estimated at 7.05 bln USD

In the first 10 months of this year, Vietnam's export turnover increased by 7.4% and its import value increased by 7.8% year-on-year.

Vietnam continues to enjoy trade surplus with Israel

The two-way trade between Vietnam and Israel was estimated at US$760 million in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of US$440 million, according to a Vietnamese official.

Trade surplus estimated at nearly 6 billion USD

Vietnam is expected to post a trade surplus of nearly 6 billion USD in the first nine months of this year.

Vietnam posts trade surplus with other CPTPP members

Vietnam recorded a trade surplus of over 1 billion USD with the 10 other members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in the seven months since the deal took effect in the country in January, according to the General Department of Vietnam Customs.

Trade surplus reaches 3.4 billion USD

 

Source: VNA