Vietnam earns 1.72 billion USD from agro-forestry and seafood exports

Hanoi (VNA) – The country earned 1.72 billion USD from agro-forestry and
seafood exports in October, raising its total export turnover in the first ten
months of this year to 15.6 billion USD, a year-on-year increase of nearly 23
percent, according to the Ministry of Agriculture and Rural Development.

Of this, agricultural products made 7.89 billion USD, up 18 percent.

Rice continued as Vietnam ’s main export with 5.66 million tonnes shipped
overseas for 2.63 billion USD, double last year’s amount. The Philippines
remains Vietnam ’s main destination for rice exports, contributing up to 38
percent of all total earnings.

Coffee ranked second with 973,000 tonnes and a value of 1.4 billion USD, a 1.6
percent increase in volume, but a 0.71 percent drop in value.

Rubber exports rose by nearly 7.7 percent in volume but saw a 92 percent growth in
value compared to the same period last year. In the first ten months, Vietnam
exported 603,000 tonnes of rubber, earning 1.67 billion USD. China was Vietnam
’s biggest importer of rubber, making up nearly 59 percent of the country’s
total export value.

The country also exported 113,000 tones of tea for 162 million USD, a rise of
nearly 11 percent year-on-year. Pakistan was the largest importer of Vietnamese
tea, followed by Taiwan and Russia .

Vietnam is now the world’s fifth largest tea producer and exports to 110
different countries and territories.

The country remains the leading global cashew nut exporter as the country exported
160,000 tonnes, worth 888 million USD. This is up by over 9 percent in volume and 30
nearly percent in value. Vietnamese cashew nuts were shipped to 50 countries and
territories worldwide with the US , China and European countries being the
largest customers.

Pepper dropped by 10 percent in volume but the export value rose by nearly 22
percent over last year with 106,000 tonnes making 359 million USD. The US remains
Vietnam ’s largest market.

Forestry and wooden products recorded an export turnover of 2.9 billion USD of which
timber earned 2.73 billion USD, a year-on-year of 35 percent.

Seafood continued to hold its position in particular markets despite natural
disasters and anti-dumping lawsuits. The country earned 3.98 billion USD with the
US making up nearly 19 percent and Japan , 18 percent.

In the reviewed period, Vietnam imported 10.4 billion USD worth of materials for
agricultural production, up 39 percent year-on-year. However, the agricultural
sector still recorded a trade surplus of 5 billion USD.-Enditem




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