Hanoi (VNA) – Agro-forestry-fishery recorded a trade surplus of 7.09 billion USD in 2015, despite a slight reduction in export revenue.
This year, the sector exported 30.14 billion USD worth of commodities, a mere annual decrease of 0.8 percent. Its import value, meanwhile, was estimated at 23.05 billion USD, up 5.5 percent year on year.
Cashew and peppercorns enjoyed higher selling prices compared to that of 2014.
ꦉ Vietnam sold 328,000 tonnes of cashew nuts abroad, reeling in 2.4 billion USD. The quantity grew just 8.3 percent annually, but the value extended by 20.2 percent.
Likewise, peppercorn exports were dropped to approximately 135,000 tonnes, however, marked a five-percent revenue gain, with the total revenue reaching 1.26 billion USD.
However, some major farming produce, such as coffee, rubber and rice, experienced falling prices in foreign markets.
According to Nguyen Nam Hai, General Director of the Vietnam National Coffee Association, coffee suffered highly volatile prices, which were high in the beginning of the year and had continuously fallen since. Vietnam exported 1.28 million tonnes coffee, earning 2.54 billion USD, down 24.6 percent in quantity and 28.1 percent in value.
Rubber price has followed a downward trend in recent years without a signal of recovery.
Rice exports recorded a higher volume at almost 6.7 million tonnes; however, falling prices caused a 2.9-percent dent in its revenue from last year.
⭕ Aquatic products generated 6.52 billion USD, down 16.5 percent year on year. The fall was due to significant value decreases in major markets like the US, Japan and the Republic of Korea.-VNA
Export turnover earned by the agro-forestry-fishery sector was estimated at 16.93 billion USD in the first seven months of 2015, an annual drop of 3.6 percent, according to the Ministry of Agriculture and Rural Development.
The Ministry of Agriculture and Rural Development organised a ceremony in Hanoi on November 14 to celebrate the sector’s 70th traditional day and its fourth patriotic emulation congress.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA)
