2011 Agriculture, Forestry and Aquaculture Exports Surpass the Year’s Target

In December, Vietnam’s total export turnover of agriculture, forestry and aquaculture reached an estimated US$2.2 billion, raising the figure for the whole year to US$25 billion, a 27.9 percent increase from last year, reported the Ministry of Agriculture and Rural Development. The impressive figure surpassed the set target of US$23 billion for 2011.

 

Agricultural products had the rapidest growth rate with an estimated US$13.7 billion, a 33.2 percent increase from last year. Major export commodities such as rice, coffee, rubber and pepper contributed most to agricultural export turnover. Of this, volume of exported rice for the whole year posted 7.2 million tonnes, worth US$3.7 billion, bringing a 4.4 percent increase in volume and a 14 percent increase in value.

 

Together with agricultural products, forestry and wooden products saw positive growth. Total export value for 2011 reached US$3.9 billion, a 13.4 percent increase from last year. The three largest import markets for Vietnam’s forestry and wooden products were the US, Japan and China.

 

Aquatic products contributed to the common success of agriculture, forestry and aquaculture exports. In December, export turnover of aquatic products reached approximately US$500 million, raising the figure for the whole year to US$6.1 billion, a 21.1 percent increase from last year. The major consumption markets were the US and Japan, making up one third of the country’s aquatic product export value.