Surpassing China, the US spent up to 11.9 billion USD to buy agricultural products from Vietnam – which type is bought the most?

Published 2021년 12월 4일

Tridge summary

Vietnam's agricultural, forestry, and fishery exports have seen a significant growth in the first 11 months of 2021, despite the Covid-19 epidemic, with a total export turnover of nearly 43.48 billion USD, an increase of 14.2% from the previous year. This growth was fueled by the increased purchasing power of the US, China, and Japan markets. The Ministry of Agriculture and Rural Development plans to continue implementing solutions to remove obstacles in the circulation, production, processing, and consumption of agricultural products, and will also continue to promote the opening of agricultural product markets and develop commodity industries. Additionally, the Ministry will guide units and businesses to improve their profiles and introduce them to export to China, and develop an action plan to implement the cooperation agreement with the US on controlling illegal logging and trade.

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

Original content

The increased purchasing power from the US, China and Japan markets has helped Vietnam's agricultural, forestry and fishery exports grow spectacularly, although the impact of the Covid-19 epidemic in the third quarter of 2021 is not small. According to a report by the Ministry of Agriculture and Rural Development, in the first 11 months of 2021, the total export turnover of agricultural, forestry and fishery products is estimated at nearly 43.48 billion USD, up 14.2% over the same period last year, almost fulfilling the Government target. The government has assigned from the beginning of 2021 the export of agricultural, forestry and fishery products in 2021 to reach 43-44 billion USD. In which, in November alone, the export turnover of agricultural, forestry and fishery products is estimated at about 4.2 billion USD, up 8.9% compared to November 2020 and up 5.8% compared to October 2021. Notably, the export of main agricultural products was estimated at over 19.3 billion USD, up ...

Source: Danviet