Trade in Agro-Forestry-Aquatic Products Reaches US$59.69 Billion in 8 Months

11:07:26 AM | 9/5/2023

Viet Nam's total export-import turnover of agro-forestry-aquatic products was estimated at US$59.69 billion over the last eight months of this year, announced the Ministry of Agriculture and Rural Development.

Of the figure, export value reached US$33.21 billion resulting in a trade surplus of US$6.72 billion.

During January-August, strong growth was seen in the export of farm produce (US$16.9 billion, up 11.5 percent), fruits and vegetables (US$3.45 billion, up 57.5 percent), rice (US$3.17 billion, up 36.1 percent), cashew (US$2.23 billion, up 8.9 percent), coffee (US$2.94 billion, up 2.3 percent), and livestock products (US$325 million, up 26.1 percent). 

However, export decreases were reported in aquatic products (US$5.68 billion, down 25.4 percent), forestry products (US$8.95 billion, down 25.1 percent), and production input (US$1.32 billion, down 21.9 percent). 

During the review period, China, the U.S. and Japan remained the biggest importers of Viet Nam's farm produce, making up 21.9 percent, 20.6 percent, and 7.6 percent, respectively. 

In August alone, Viet Nam earned US$4.36 billion from exporting agro-forestry-aquatic products, down 6.5 percent annually.

Source: VGP