Vietnam: Agro-forestry-fisheries exports up over 13 percent in 10 months

Published 2021년 11월 26일

Tridge summary

Vietnam's agricultural exports experienced a decline of 15.6% year-on-year in October, but showed a slight increase of 4.2% from the previous month, totaling US$3.4 billion. From January to October, major farm produce exports grew by 12.7% to nearly US$17.4 billion, forestry product exports surged by 22.3% to about US$12.8 billion, and fisheries product exports saw a minor decrease of 0.8% to nearly US$6.9 billion. The country also experienced a downturn in tea exports. Asia remained the largest market for Vietnam's agro-forestry-fisheries products, accounting for 42.8% of the market share, with the US, China, and Japan as the top consumers. To expand its export market, the Ministry of Agriculture and Rural Development (MARD) plans to increase cooperation with various countries and organizations, and update domestic firms on foreign market regulations and supply sources for domestic production.

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

Original content

In October, exports of the products reached US$3.4 billion, down 15.6% over the same time last year but up 4.2% compared to the previous month. In January-October period, exports of major farm produce hit nearly US$17.4 billion, a rise of 12.7%, while that of major forestry products reached about US$12.8 billion, up 22.3%, and fisheries products nearly US$6.9 billion, down 0.8% . Products seeing rise in export revenue included coffee, rubber, rice, vegetables, peppercorn, cashew, cassava and cassava products, livestock, shrimp, wooden furniture, bamboo and rattan products, and cinnamon. Meanwhile, despite a rise in average export revenue in 10 months, downturn was seen in exports of tea, at 7.2% in volume and 3.4% in value. In the period, Asia remained the largest market of Vietnam's agro-forestry-fisheries products with 42.8% of the market share, followed by America with 30%, Europe 11.4%, Africa 1.9% and Oceania 1.5%. The US was the biggest consumer of the products with ...

Source: Agroberichtenbuitenland