Agro-forestry-fisheries sector enjoys trade surplus of 9.3 billion USD
Vietnam ran a surplus of 9.3 billion USD in agro-forestry-fishery trade during January – October, up 26.2% from the same time last year, according to the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) – Vietnam ran a surplus of 9.3 billion USD inagro-forestry-fishery trade during January – October, up 26.2% from the sametime last year, according to the Ministry of Agriculture and Rural Development (MARD).
During the period, exports of the products totalled 43.08 billion USD, falling4.2% year-on-year due to a decrease in the export value of key products such asseafood (7.45 billion USD, down 20.5%) and forestry (11.65 billion USD, down19.3%).
Agricultural exports accounted nearly half of the total, at 21.94 billion USD,rising 17%. Key earners were fruits and vegetables (4.91 billion USD), rice(3.97 billion USD), and cashew nuts (2.92 billion USD).
Over the past ten months, agro-forestry-fishery exports to Asian and African marketsincreased 5.7% and 21.6%, while those to American, European and Oceanian ones wentdown 20.6%, 11.8% and 17.2%, respectively.
China, the US and Japan remained the top three buyers of the Vietnameseproducts, with export value to China accounting for 22.8%, the US 20.6% andJapan 7.5%.
The MARDsaid it will direct competent authorities to guide localities to adjust theirproduction plans and bolster exports, and at the same time acceleratenegotiations to remove technical barriers to expand markets foragro-forestry-fisher products.
Besides, it will work to support brand and geographical indication protectionfor Vietnamese products in foreign countries./.
Vietnam's aquatic and forestry exports are likely to rebound and realise the targets set for 2023 in the remaining months of the year, thanks to signs of gradual recovery from export markets.
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
In the first nine months of 2023, Vietnam’s total export of agro-forestry-fisheries products hit 38.48 billion USD, down 5.1% over the same period last year, the Ministry of Agriculture and Rural Development (MARD) announced.
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Shrimp processed for export (Photo: VNA) 
