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China: Exports of agricultural, forestry and aquatic products increased by nearly 19% in the first seven months of 2024

Published Jul 31, 2024

Tridge summary

Vietnam's exports of agricultural, forestry, and aquatic products have experienced substantial growth, with agricultural exports reaching $18.21 billion (up 23.4% year-on-year), forest products at $9.41 billion (up 21.1%), and aquatic products at $5.29 billion (up 4.8%). Significant increases were noted in wood and wood products ($8.78 billion, up 21.9%), coffee ($3.54 billion, up 30.9%), and rice ($3.27 billion, up 25.1%). The average export prices for many products also rose, such as rice ($632 per ton, up 18.2%) and coffee ($3,669 per ton, up 51.7%). The United States, China, and Japan remain the top export markets, while efforts are being made to expand into new markets like the Middle East and Africa.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Specifically, agricultural product exports reached US$18.21 billion, up 23.4% year-on-year; forest products reached US$9.41 billion, up 21.1%; aquatic products reached US$5.29 billion, up US$288 million, up 4.8% year-on-year. Among them, some products had high export values, such as wood and wood products reached US$8.78 billion, up 21.9% year-on-year; coffee reached US$3.54 billion, up 30.9%, but the export volume fell by 30.9%. Rice exports reached US$3.27 billion, up 25.1%; export volume reached 5.18 million tons, up 5.1%. Cashew exports reached US$2.37 billion, up 22.1%; export volume reached 424,000 tons, up 26.4%. Fruit and vegetable exports reached US$3.83 billion, up 24.3%; shrimp products reached US$2 billion, up 7.5%; and catfish reached US$1.02 billion, up 7.1%. Especially , the average export price of many products maintained a good growth momentum, such as rice at US$632 per ton, an increase of 18.2% year-on-year; coffee at US$3,669 per ton, an increase of 51.7%; ...
Source: Foodmate
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