Prime Minister Nguyen Tan Dung » Economics » Agro-forestry, fisheries exports hit 22.5 bln USD

(Economics) - The export of agro-forestry and aquatic products in the first ten months of this year was estimated to earn Vietnam 22.5 billion USD, up 9.5 percent over the same period last year.

According to the Ministry of Agriculture and Rural Development, several agricultural products have maintained a stable growth in both volume and value, with some commodities seeing a strong surge, including coffee, cassava and products from cassava.

Illustration photo

Illustration photo

In the Jan.-Oct. period, the country shipped 1.4 million tonnes of coffee worth 3 billion USD, representing year-on-year rise of 37.7 percent in volume and 32.7 percent in value.

The two largest export markets for Vietnamese coffee products were the US , accounting for 12.1 percent of the export value, and Germany , which represented 12 percent.

Export of cassava and products from cassava in the period reached over 3.6 million tonnes, earning 1.13 billion USD, up 58.5 percent in volume and 38 percent in value against the same period last year.

Vietnam’s tea export saw positive signal with 110,000 tonnes shipped during ten months, worth 182 million USD, year-on-year increases of 9 percent in volume and 8.8 percent in value. Pakistan remains the largest importer of Vietnamese tea.

Wood and wooden products also saw a large increase of 19.3 percent in export value for the first 10 months of this year, earning 3.8 billion USD.

Most major export markets for Vietnamese wood and wooden products showed strong growth: 28.7 percent in the US , 19.7 percent in Japan and 7.2 percent in China .

Meanwhile aquatic products registered only a slight increase of 1.7 percent in export value to over 5 billion USD.

However, export of this commodity was forecast to be up in remaining months of this year because of the increasing demand of importing countries.

Rice and rubber were the only key export products to see increases in export volume but reductions in export value during the first ten months.

Rice had a year-on-year surge of 8.3 percent in volume to 6.9 million tonnes but a year-on-year decrease of 8.7 percent in value to 3.14 billion USD. The average export price fell 9 percent to 452 USD per tonne compared with the same period last year.

Rubber earned a total 2.3 billion USD from an export volume of 811,000 tonnes. The decrease of 8.7 percent in earnings was attributed to falling prices in the world market since early this year.

VNA