Agro-Forestry-Fisheries Sector Enjoys Trade Surplus of Over US$8 Bln

9:43:03 AM | 10/3/2023

The agro-forestry-fisheries sector posted a trade surplus of US$8.04 billion in the first nine months of this year, up 22.5 percent annually, reported the Ministry of Agriculture and Rural Development (MARD).During the period, the total export-import turnover of agro-forestry-aquatic products hit US$68.92 billion, down 7.5 percent year-on-year. Of which, export value reached US$38.48 billion.

Specifically, fishery export volume decreased by 21.7 percent to US$6.64 billion and forestry export down 20.6 percent to US$10.44 billion. However, agriculture and livestock export experienced an increase during the this period.

The export value of agro-forestry-fishery products to Asia rose by 4.9 percent to US$18.71 billion, to America down 22.5 percent to US$8.73 billion; to Europe down 11.2 percent to US$4.17 billion; to Africa up 18.8 percent to US$809 million; and to Oceania down 18.6 percent to US$570 million.

China, the U.S. and Japan remained the top three export markets, with export turnover accounting for 22.1 percent, 20.7 percent, and 7.6 percent, respectively.

Source: VGP