Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
Rice export is a spotlight in nine months (Photo: VNA)
Hanoi (VNA)ꦍ – The agro-forestry-fisheries sectorposted a trade surplus of 8.04 billion USD in the first nine months of this year, up22.5% annually, reported the Ministry of Agriculture and Rural Development(MARD).
During the period, the total export-import turnover of agro-forestry-aquaticproducts hit 68.92 billion USD, down 7.5% year-on-year. Of which, 38.48 billionUSD was from exports. In September alone, the export revenue of agro-forestry-aquaticproducts reached 4.8 billion USD, down 2.7% monthly and up 22% annually. Due to a significant decrease in the exportvalue of several key commodities, the total export turnover of the nine-month period fell by 5.1% annuallyto 38.48 billion USD. Specifically, the fisheries sector generated6.64 billion USD, down 21.7%; forestry sector 10.44 billion USD, down 20.6%.However, agriculture and livestock sector experienced an increase in export valueduring this period. China, the US and Japan remained the topthree export markets, with the value of export to China accounting for 22.1%,up 13.8%; that to the US 20.7%, down 22.6% and that to Japan 7.6%, down 7.7%. The MARD said it will continue developing bothdomestic and export markets while dealing with market-related issues to createfavourable conditions for the export of agro-aquatic products to China, the US,the European Union and the Eurasian Economic Union. It will also help exporters make full use of freetrade agreements (FTAs), particularly the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free TradeAgreement (EVFTA), as well as help firms secure new export contracts, protecttrademarks and provide geographical indication for Vietnam's potential exportproducts in foreign markets./.
The value of Vietnam's agro-forestry-fishery export to the European Union (EU) market reached 2.1 billion USD in the first half of this year, down 16.6% year-on-year, according to the Ministry of Agriculture and Rural Development.
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.
Vietnam's total export-import turnover of agro-forestry and aquatic products in the eight months of this year was estimated at 59.69 billion USD, reported the Ministry of Agriculture and Rural Development.
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Rice export is a spotlight in nine months (Photo: VNA) 
