Export of agro-forestry-aquatic products down 9.5% in eight months
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.
Hanoi (VNA) - Vietnam's total export-import turnover of agro-forestryand aquatic products in the eight months of this year was estimated at 59.69billion USD, reported the Ministry of Agriculture and RuralDevelopment.
Of thefigure, 33.21 billion USD was worth of exports, down 9.5% annually, but still resulting ina trade surplus of 6.72 billion USD.
In August alone, agro-forestry-aquatic products brought home4.36 billion USD from exports, down 6.5% annually.
Several commodity groups posted an increase in export value such asfruits and vegetables, rice, and coffee.
Meanwhile, rubber, tea, cashew nuts, pepper, and cassava and itsproducts saw their export prices fall by 2.6-19.6%.
China, the US, and Japan remainedthe top three importers, with China accounting for 21.9%, up 9.8%; the US20.6%, down 27.4%; and Japan 7.6%, down 10.6%.
Seizingmarket opportunities, especially in commodity groups of strength, the ministry has instructed localities to regulate production plans and boost exports, step upnegotiations and market access for official exports while expanding exportmarkets.
It is alsoworking with localities to hold the Vietnam Rice Festival 2023 inthe Mekong Delta province of Hau Giang./.
The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
The export of rice, fruit and vegetables to China and other markets posted a remarkable surge by 34.7% and 64.2%, respectively in the first half, said an official during a meeting of the Ministry of Agriculture and Rural Development (MARD) in Hanoi on July 19 to review the market situation and launch tasks for the coming quarters of this year.
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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.
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Illustrative image (Photo: VNA) 
