Last updated: Thursday, March 23, 2017
Farming Exports Bring in US$29.1 Bln in 11 MonthsPosted: Tuesday, November 29, 2016
Vietnam brought in US$29.1 billion from agricultural, timber and fishery exports in the first eleven months of the year, up 5.9 per cent over the same period of last year.
Revenues in November alone were estimated at US$2.69 billion, according to the Ministry of Agriculture and Rural Development.
During this period, Vietnam shipped 4.54 million tonnes of rice, earning US$2 billion, down 25 per cent in volume and 20.3 per cent in value compared with the first eleven months of 2015.
The decline in value was less than that in volume because average prices in the first ten months were up 5.6 per cent.
China has remained the largest buyer of Vietnamese rice with 36 per cent, followed by Ghana, which accounted for 11.5 per cent of Vietnam’s total rice exports.
Rubber export revenues went up 4.6 per cent to US$1.43 billion along with a 12.3 per cent increase in shipment volume, estimated at 1.1 million tonnes. Exports to China and India accounted for nearly two thirds of Vietnam’s rubber exports.
Coffee and cashew exports continued to see steady growth, earning US$2.98 billion and US$2.59 billion, respectively.
Exports of timber and timber product brought in US$6.2 billion—largely unchanged from the same period of last year—while seafood revenues increased 6.9 per cent to US$6.4 billion.
The US, Japan, China and the Republic of Korea were the largest importers of Vietnamese seafood, accounting for more than half of the country’s total shipments in the first ten months of this year.