The US, China, and Japan spent 17.6 billion USD to buy Vietnamese agricultural products, the prices of these 4 items skyrocketed

Published 2021년 9월 8일

Tridge summary

Vietnam has seen a significant increase in the export turnover of agricultural, forestry, and fishery products in the first eight months of 2021, with a 21.6% rise year-on-year, reaching 32.1 billion USD. This includes a 13.6% increase in the export of main agricultural products, a 42.7% increase in main forest products, and a 7.1% increase in seafood. The US remains the largest export market for these products. However, exports experienced a significant decrease in August due to the COVID-19 epidemic. The Ministry of Agriculture and Rural Development is taking steps to monitor prices, production, and supply of agricultural products and is encouraging the electronic transaction of agricultural products in the harvest season. It is also coordinating with other countries for agricultural product markets and supporting localities and enterprises to export agricultural products that meet export standards to EU, UK, China, and other markets.

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

Original content

The report of the Ministry of Agriculture and Rural Development shows that, in the first eight months of 2021, the export turnover of agricultural, forestry and fishery products is estimated at 32.1 billion USD, up 21.6% over the same period in 2020. In which, the export of main agricultural products is estimated at over 13.9 billion USD, up 13.6%; main forest products reached about 11.2 billion USD, up 42.7%; seafood reached over USD 5.6 billion, up 7.1%; livestock production was estimated at 296 million USD, up 15.9%. Although the export value of most items decreased in August, due to the strong increase in the first months of the year, in the first 8 months, many products and product groups with increased export value included: Coffee, high rubber, vegetable and fruit products, pepper, cashew nuts, cassava and cassava products, livestock products, pangasius, shrimp; wooden product; rattan, bamboo, sedge carpet; cinnamon,… In which, rubber, cashew nuts, cassava and cassava ...

Source: Danviet