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Official Gazette

Tuesday, March 28, 2023

Agro-forestry-aquatic product exports enjoy trade surplus of USD 3.27 billion

Updated: 09:11’ - 31/05/2021
Vietnam raked in USD 22.83 billion from exporting agro-forestry-aquatic products in the first five months of 2021, representing a year-on-year increase of 30.3 percent, reported the Ministry of Agriculture and Rural Development.

The country spent USD 19.57 billion on importing agro-forestry-aquatic products during January  – May, up 51 percent year-on-year, resulting in a trade surplus of USD 3.27 billion.

Processing frozen shrimp for export__Photo: VNA

Of which, the group of major farm produce earned USD 7.78 billion, up 13 percent.  Meanwhile, major forestry and aquatic products brought home USD 7.06 billion and USD 3.24 billion, up 61.8 percent and 12 percent, respectively. The livestock industry recorded a 43.9 percent-growth, earning USD 166 million.

In the reviewed period, many products and groups of products witnessed increases in export values, including rubber, tea, rice, vegetables, pepper, cashew nuts, cassava and products from cassava, livestock products, tra fish, shrimp;,wood, rattan, bamboo and cinnamon.

Notably, although the pepper export volume decreased by 15.6 percent, but thanks to an increase in its average export price, the pepper export value still surged by 25.2 percent to USD 387 million.

The US remained the biggest importer of Vietnamese agro-forestry-aquatic products in the last five months, accounting for a market share of 24.6 percent. It was followed by China, Japan, and the Republic of Korea, with 22.6 percent, 6.6 percent and 4.9 percent, respectively.(VNA/VLLF)


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