Vietnam: Despite COVID-19 epidemic, export of agricultural products in 9 months of 2021 reached record of 35.5 billion USD; nuts took the throne

Published Oct 4, 2021

Tridge summary

The Ministry of Agriculture and Rural Development of Vietnam reports significant growth in the export and import of agricultural, forestry, and fishery products for the first nine months of 2021. Export turnover reached over 35.5 billion USD, a 17.7% increase from the previous year, with key products such as coffee, rubber, and seafood experiencing high growth. Import turnover rose by 41.6% to 32.2 billion USD. Despite the COVID-19 pandemic, the US remains the largest export market, with wood products being a significant contribution. Meanwhile, Cambodia has become the largest agricultural export market to Vietnam, selling mainly cashew nuts. The ministry is focusing on strategies to boost production, communication, and export of key agricultural products and is opening markets in Peru, Australia, Brazil, and other countries. Efforts will be made to support the export of various agricultural products to the EU, UK, and China, and to adapt to changes in the Chinese market.

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

Original content

According to the Ministry of Agriculture and Rural Development, in the first nine months of 2021, the total export turnover of agricultural, forestry and fishery products is estimated at over 35.5 billion USD, up 17.7% over the same period in 2020; Import of agricultural products was estimated at 32.2 billion USD, up 41.6%. Notably, the export of main agricultural products was estimated at over 15.8 billion USD, up 14.4%; main forest products reached about 11.97 billion USD, up 31.6%; seafood reached nearly 6.2 billion USD, up 2.4%; livestock production was estimated at 345 million USD, up 17.5%. Despite the impact of the Covid-19 epidemic, many products and product groups with increased export value include: Coffee, rubber, vegetables and fruits, pepper, cashew nut, cassava and cassava products, blanket products farming, pangasius, shrimp; wooden product; rattan, bamboo, sedge carpet; cinnamon,… In which, rubber, cashew nut, cassava and cassava products increased both in volume ...

Source: Danviet