Coffee and rice are still good export amidst a plunge in many agricultural products

Published 2020년 6월 3일

Tridge summary

The article provides an overview of Vietnam's agricultural, forestry, and fishery exports performance in the first five months of 2020, as reported by the Ministry of Agriculture and Rural Development. Despite a decrease in some key exports like rubber, tea, pepper, and fish, the country saw an increase in coffee and rice exports by 2.2% and nearly 19% respectively. The total export turnover for these five months was estimated at $15.5 billion, marking a decrease of over 4% compared to the same period in 2019. China continues to be the largest export market, with an export turnover of nearly $3.7 billion, followed by the US and the EU.

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Original content

While rubber decreased to 30.4%, tea decreased by 11.3%, pepper decreased by 18.5%, Pangasius decreased by more than 39%, coffee exports still increased by 2.2%, rice increased by nearly 19%. in the first 5 months of this year. Data from the Ministry of Agriculture and Rural Development (MARD) shows that in May, agricultural, forestry and fishery export turnover is estimated at US $ 3.1 billion, down 2.7% compared to April 2020. In particular, the export value of the main agricultural group is estimated at US $ 1.5 billion, down 5%, the main forest product is about US $ 696 million, down more than 6%, the fisheries reach US $ 582 million, down 5.6% and the blankets raising 57 million USD, up 25%, ... Generally in 5 months, export turnover of agriculture, forestry and fishery is estimated at 15.5 billion USD, down by over 4% over the same period in 2019. Of which, the main agricultural products estimated to reach nearly 7.4 billion USD, down 3.2%; husbandry is estimated at 210 ...

Source: Vietnambiz