Agro-forestry-fishery export value up 6.3%


HÀ NỘI — The total export value of agro-forestry-fishery products in the first ten months of this year reached US$26.4 billion, a year-on-year increase of 6.3 per cent, according to the Ministry of Agriculture and Rural Development (MARD). 

Specifically, export value was $12.5 billion from of main farming products, up by 7.8 per cent; $5.7 billion from seafood products, up by 5.9 per cent; and $5.8 billion from forestry products, a little increase of 0.1 per cent.

The ministry said in October alone, total export value was estimated at $2.75 billion. The local fisheries industry had the largest contribution to the total export value of agro, forestry and fishery products, it said.

During the January-October period, the nation exported 1.5 million tonnes of coffee, earning $2.76 billion. Exports surged by 40.2 per cent in volume and 25.4 per cent in value against the same period last year. The export value of pepper reached $1.29 billion from 159,000 tonnes, an increase of 15.3 per cent in value and 35.7 per cent in volume year-on-year.

Some other farming products also increased exports, including rubber, tea and cashew. Cashew and rubber industries saw a year-on-year increase of 16.6 per cent to $2.33 billion and of 4.5 per cent to $1.28 billion, respectively, in the first ten months of this year.

Rice exports down

Meanwhile, the country earned $164 million from the shipment of 368,000 tonnes of rice in October, bringing the total value and volume of the key staple for ten months to $1.9 million and 4.2 million tonnes, respectively.

The rice exports in the first ten months dropped by 21.2 per cent in volume and 16.9 per cent in value.

However, Việt Nam’s rice exports increased in both volume and value to key markets, including Ghana, Angola and Indonesia, during the first nine months, according to MARD.

In nine months, rice exports to Ghana, the second largest export market of Vietnamese rice, rose by 41.8 per cent in volume to 387,700 tonnes of rice and 36.2 per cent in value to $189.6 million.

Việt Nam’s rice exports to Indonesia reached 359,400 tonnes, earning $142.5 million. The exports surged by 21.5 times in volume and 22.5 times in value against the same period last year.

Rice exports to Angola increased by 4.4 times in volume and 3.5 times in value.

Meanwhile, exports of this product reduced in value to some major markets compared with the same period last year, including China (down by 13.9 per cent), the Philippines (47.8 per cent), Malaysia (47.4 per cent), Singapore (34.6 per cent), the US (32 per cent) and Ivory Coast (25.2 per cent).

Deputy Minister of agriculture and rural development Trần Thanh Nam said the ministry would solve difficulties, including credit and tax, for enterprises and associations in production and business to reach its export target of $31 billion this year.

Source: Vietnam News

Photo: CBR Investment AG