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Agro-forestry-aquatic product exports post trade surplus of nearly 6 billion USD

Vietnam’s agro-forestry-aquatic product exports raked in 29.13 billion USD in the first seven months of 2023, while its imports reached 23.25 billion USD, resulting in a trade surplus of 5.88 billion USD, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Agro-forestry-aquatic product exports post trade surplus of nearly 6 billion USD ảnh 1Agro-forestry-aquatic product exports rake in 29.13 billion USD in the first seven months of 2023. (Photo: vneconomy.vn)
Hanoi (VNA) - Vietnam’sagro-forestry-aquatic product exports raked in 29.13 billion USD in the first sevenmonths of 2023, while its imports reached 23.25 billion USD, resulting ina trade surplus of 5.88 billion USD, up 3.4% year-on-year, the Ministry ofAgriculture and Rural Development (MARD) reported.

The export and import values in the seven-month periodwent down 9.1% and 11.8%, respectively, from the same period last year, the ministrysaid.

In July alone, the country earned 4.62 billion USDfrom agro-forestry-aquatic productexports, a year-on-year rise of 5.3%.

Between January and July, the export revenue ofaquatic products declined to 4.95 billion USD, a drop of 25.4%, and that of forestryproducts dropped 25.5% to 7.79 billion USD.  

Notably, agricultural product exports brought home nearly 14.99billion USD, up 13.2%, mainly thanks to vegetables and fruits, rice, cashewnuts, coffee and animal husbandry products, according to the ministry.

However, some major agricultural products sawdecreases in exports like rubber, tea, pepper, cassava and cassava products.

In the seven months, the agro-forestry-aquatic product export values to Asia andAfrica increased 2.3% and 14.1% to reach 14.06 billion USD and 573 million USD,respectively. Meanwhile, the exports to America, Europe and Oceania fell 29.2%, 13.3%and 25.6%.

China, the US, and Japan remained three largest importersof Vietnam's agro-forestry-aquatic products, making up 21.9%, 20.4% and 7.6% ofthe total figure.

The ministry said it will continue pushing fordomestic consumption and export, and focus on handling market-related issues tofacilitate the export, especially to China, the US, the EU, and the Eurasian Economic Union.

The sector will also optimise free trade agreements toboost the shipment of key items, support businesses in seeking new orders, and coordinatein protecting brand names and geographical indications for potential products, itadded./.
VNA

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