Vietnam: Export of agricultural, forestry and aquatic products increased in January

Published 2021년 2월 25일

Tridge summary

Vietnam's agricultural, forestry, and fishery exports experienced a 27.1% increase in January 2021 compared to the same period in 2020, with main agricultural products, seafood, and forest products seeing significant growth. Despite this, rice exports saw a decline, and the export value of vegetables, fruits, and pepper decreased due to the unpredictable effects of Covid-19. The export of processed cashew nuts surged, leading to a greater need for importing cashew raw materials. The rubber products market showed mixed prices due to concerns about Covid-19 impacting demand, but a rebound was expected with the new US President Joe Biden's expected economic stimulus measures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Export turnover of agricultural, forestry and fishery products in January 2021 reached 3.49 billion USD, up 27.1% compared to January 2020 ... According to the Department of Agricultural Product Processing and Market Development, the export turnover of agricultural products forestry and fishery products in January 2021 reached US $ 3.49 billion, up 27.1% compared to January 2020. In which, the export value of main agricultural products increased by 28.9%; seafood exports increased by 19.6% and forest products by 47.8%. The export value of livestock products in January 2021 is estimated at US $ 26 million, up 3% from January 2020. Meanwhile, the import value of livestock in January 2021 was estimated at US $ 320 million, up 27.9% compared to January 2020. Thus, animal husbandry is still a huge trade deficit, with import value 10 times higher than export. EXPORT OF RICE, VEGETABLES, PEPPER AND COMBINED REDUCED Contrary to the strong growth in export value in 2020, rice exports have ...

Source: Vinacas