Vietnam’s agro-forestry-fishery export turnover is estimated at US$10.9 billion in the first five months of 2012, representing a year-on-year increase of 10.1 percent.
According to the Ministry of Agriculture and Rural Development, exports of agricultural products, excluding rice and rubber, saw growth in both export quantity and price to earn US$6.1 billion, two percent higher than the same period last year.
The country is also estimated to ship 3 million tonnes of rice to earn US$1.4 billion in the first five months of this year.
With a dramatic increase of 440 percent in volume and 400 percent in value compared to the same time last year, China has become Vietnam's largest rice export market, followed by Malaysia (30 percent) and Indonesia.
Vietnam is also seeking new alternative markets in African countries such as the Ivory Coast, Ghana and Senegal.
In the meantime, 860,000 tonnes of coffee have been traded at about US$1.8 billion, a surge of 8.7 percent in volume and 3 percent in value compared to the first five months of last year.
Accounting for 13.9 percent and 12.8 percent of Vietnam’s total export volume, respectively, Germany and the US remain its biggest coffee importers, followed by Indonesia, which saw a sudden jump of 8 times higher than the same period in 2011.
Rubber exports enjoyed a considerable hike in volume in most of its major markets with 317 tonnes, including China (16.8 percent), Malaysia (threefold), Taiwan (61 percent) and India (sixfold). However, the falling export price from US$3,000 per tonne to its lowest level of US$1,365 per tonne has resulted in the export value decreased by 7.2 percent to US$952 million.
Around 49,000 tonnes of tea have been sold in the first five months of 2012 to earn US$69 million, an increase of 17.2 percent in quantity and 18.4 percent in revenue.
Such growth can be seen in most of Vietnam’s key export markets including its largest importer Pakistan, with Russia and Germany being the only exceptions.
CPV/VOVNEWS
Vietnamese
