Vietnam’s foreign trade of agro, forestry and aquatic products hit some 74.7 billion USD in the first nine months of 2022, a year-on-year rise of 10.7%, according to latest data released by the Ministry of Agriculture and Rural Development (MARD).

During the nine-month period, Vietnam exported more than 16.8 billion USD worth of key agro products, a year-on-year increase of 7.5%.

Exports reached about 40.8 billion USD while imports totalled 33.9 billion USD, up 15.2% and 5.7%, respectively, year-on-year, and this means the trade surplus of the sector mounted to 6.9 billion USD, doubling the same period last year.

In September alone, exports spurred 28.7% compared to the same month last year to over 4.2 billion USD. However, the figure was 8.8% lower than the previous month’s.

Last month’s export turnover from major agricultural products exceeded 1.8 billion USD, while those from forestry products and seafood stood at over 1.3 billion USD and 900 million USD, respectively.

During the nine-month period, Vietnam exported more than 16.8 billion USD worth of key agro products, a year-on-year increase of 7.5%. Shipments of major forestry products valued around 13.3 billion USD and seafood, 8.5 billion USD, up 10.8% and 38%, respectively.

Seven products with export revenue surpassing 2 billion USD each include coffee, rubber, rice, vegetables and fruits, shrimp, and wood.

High upturn was seen in the export of coffee (37.6%), cassava (21%), tra fish (83.3%), and shrimp (24.8%).

A downturn, meanwhile, was recorded in some others, including vegetables and fruits (11.1%), cashew nuts (14%), and livestock products (18.4%).

The US remained Vietnam’s largest buyer, spending over 10.5 billion USD which accounts for 25.8% of the total. It was, again, followed by China (7.4 billion USD) and Japan (3.1 billion USD).

A total of 4,597 Production Unit Codes (PUCs) and 1,419 Packing House Codes (PHCs) have been granted in Vietnam, enabling exporters to ship fresh fruits such as dragon fruit, mango, banana, pomelo, longan and lychee to major markets like China, the US, Australia, New Zealand, the Republic of Korea, and Japan.

8-month trade surplus nears 2021 total

Vietnam’s trade surplus in the first eight months hit $3.96 billion, almost the same as $4 billion recorded for the whole last year.

Vietnam reports trade surplus of nearly 4 billion USD in eight months

Vietnam has enjoyed a trade surplus of 3.96 billion USD in the first eight months of 2022, the General Statistics Office (GSO) announced on August 29.

Vietnam attends Italy’s 11th World Chili Pepper Trade Fair

Vietnam is among exhibitors at the 11th edition of the World Chili Pepper Trade Fair (Fiera Campionaria Mondiale del Peperoncino) in the city of Rieti, central Italy from August 24 – 28, introducing not only its best chili pepper products but also other farm produce, such as pepper, tea, coffee, wood ear, shiitake mushrooms and galangal.

Trade surplus to hit 1 billion USD this year

Vietnam’s export revenue in 2022 is expected to reach about 368 billion USD, a year-on-year rise of 9.46%, according to a report by the Ministry of Industry and Trade (MoIT).

More British investors look at Vietnam to cash in on free trade agreements

Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements (FTAs) that Vietnam has signed with the UK and other economies worldwide.

Source: VNA