Vietnam's report on the situation of import and export of agricultural, forestry, and fishery products to the US

Published 2021년 10월 12일

Tridge summary

The article highlights the dynamic of Vietnam's agricultural, forestry, and fishery (AFF) exports to the United States, showcasing a significant surge of 44.88% in the first eight months of 2021 compared to the same period in 2020, despite a slight hiccup in August 2021. The U.S. continues to be the largest market for these exports, with a trade surplus for Vietnam. Key products contributing to this trade include wood and wood products, seafood, and cashew nuts. However, the cashew nut market faces growing competition from the Ivory Coast and Niger. Additionally, the article touches on the impact of the COVID-19 pandemic and port congestion in California on the seafood supply chain, leading to increased costs and pricing challenges for seafood suppliers. Furthermore, the U.S. import of rubber has seen a notable increase of 12% in volume and 27.6% in value in the first three quarters of 2021, with Indonesia, Thailand, Canada, Korea, and Ivory Coast being the top suppliers.

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Original content

Source: Institute of Policy and Strategy for Rural Development (IPSARD) GENERAL SITUATION According to preliminary statistics of the General Department of Customs, as of August 2021, the United States is still the largest export market of Vietnam's agricultural, forestry and fishery products, accounting for 28.5% of total AFF exports. in August 2021. In the trade relationship between the two countries on AFF products, Vietnam is always a surplus country. In the first 8 months of 2021, Vietnam's AFF exports to the US reached nearly US$9.4 billion, up 44.88% over the same period in 2020, while Vietnam's imports from this market were only at 2.49 billion USD, up 38.28% over the same period in 2020. However, Vietnam's AFF export turnover to this market decreased quite sharply in August 2021, reaching only approximately 820 million USD, a decrease. 39.05% compared to July 2021 and decreased by 25.55% compared to the same period in 2020, however, this decrease is similar to the general ...

Source: AgroInfo.vn