Vietnam: Report on the situation of import and export of agriculture forestry and fishery finishes to China on September 2021

Published Oct 12, 2021

Tridge summary

Vietnam's agricultural, forestry, and fishery exports to China experienced a significant increase of 22.75% in the first eight months of 2021 compared to the same period in 2020, generating USD 6.20 billion in revenue. The main exports included rubber, vegetables and fruits, wood and wood products, cassava and cassava products, aquatic products, cashew nuts, and rice. However, exports of certain items like meat and meat products, rubber products, tea, seafood products, wood and wood products, animal feed, and raw materials saw a decrease. China's economy, despite facing challenges, continues to grow at a fast pace. In an effort to reduce financial risks and economy's dependence on the real estate sector, China has tightened credit flows to this sector. Meanwhile, global demand remains strong, supporting the country's industrial sector. China is also seeking to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement among 11 countries. Concurrently, there has been a surge in demand for plant-based meat substitutes in China, with these products expected to grow at a rate of 5.4-9.4% during 2021-2030, reaching 17-24 billion USD by 2030.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: Institute of Policy and Strategy for Rural Development (IPSARD) Vietnam's main agricultural, forestry and fishery exports to China in the first eight months of 2021 reached USD 6.20 billion, up 22.75% over the same period in 2020; AFF import turnover from China reached nearly 2.40 billion USD, up 31.43%. In August 2021 alone, the main AFF export turnover reached US$701.89 million, down 6.8% over the previous month and down 5.3% over the same period in 2020. The main export items of Vietnam to China in August 2021 are rubber (accounting for 31.6% of the total main AFF export value), vegetables and fruits (accounting for 14.7%), wood and products wood (accounting for 13.5%), cassava and cassava products (accounting for 11.4%), aquatic products (accounting for 10.1%), cashew nuts (accounting for 6.9%), rice (accounting for 5.4%). . Compared to July 2021, exports of a number of AFF products increased sharply: coffee (up 41.7%), rice (up 28.8%), cassava and cassava products (up ...
Source: AgroInfo.vn

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.