Export of agricultural products of Vietnam has an opportunity to accelerate at the end of the year

Published 2021년 10월 21일

Tridge summary

Vietnam's Ministry of Agriculture and Rural Development reports a positive growth in the export value of several agricultural products, including coffee, rubber, vegetables, pepper, cashew nut, livestock products, and wood products, from January to September 2021. The rubber industry experienced a significant increase in both volume and value, largely due to increased imports from China, making Vietnam the 11th largest rubber supplier to the US. The country is also expected to meet demand by boosting rubber imports. The pepper industry is on track to return to the 'billion-dollar club' with a 47% increase in export price. While seafood exports to Spain have seen growth, the pangasius sector is experiencing a decline, but the market remains bright with expectations of growth in shrimp, clams, and tuna exports. The cashew industry also saw a 14.8% increase in export value, despite a slight price decrease, due to a 16.6% increase in output.

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

Original content

Optimistic signs, according to the Ministry of Agriculture and Rural Development, in the 9 months of 2021, many products/product groups with increased export value such as coffee, rubber, vegetables, pepper, cashew nut, produce livestock products, wood products; rattan, bamboo, sedge mat... In which, rubber, cashew nut, cassava and cassava products increased both in export volume and value., With the rubber industry, in the first 9 months of the year, export volume reached 1.3 million tons, worth 2.17 billion USD, up 17.1% in volume and 52.7% in value over the same period in 2020. The Vietnam Rubber Association said that exports have grown in recent years. The high growth is due to the strong increase in imports from the Chinese market, accounting for about 70% of Vietnam's total output., In addition, Vietnam is currently the 11th largest rubber supplier to the US with 30,000 tons, an increase of more than 90 % compared with the same period last year. One reason that cannot be ...

Source: VNRuralEconomics