US largest importer of Vietnam’s agro-forestry-fishery products
The US was the largest importer of Vietnamese agro-forestry-fishery products during January-November, with a turnover of 9.8 billion USD, up 22.3 percent year-on-year, according to the Ministry of Agriculture and Rural Development.
Hanoi (VNA) – The US was thelargest importer of Vietnamese agro-forestry-fishery products duringJanuary-November, with a turnover of 9.8 billion USD, up 22.3 percentyear-on-year, according to the Ministry of Agriculture and Rural Development.
In the 11-month period, the US accounted for 26.2 percent of Vietnam’s total farmproduce export revenue.
China came second by splashing out nearly 9.2 billion USD on the Vietnameseproducts, falling 6.6 percent from the same time last year, and making up of24.6 percent of the country’s total.
According to the ministry, agro-forestry-fisheries export turnover reached 3.72billion USD in November, raising the total figure in the first 11 months ofthis year to 37.42 billion USD, up 2.4 percent over the same period of 2019.
Meanwhile, the country imported about 28.05 billion USD worth ofagro-forestry-fisheries products in the period, resulting in a surplus ofnearly 9.37 billion USD, up 10.9 percent year on year.
Specifically, export earnings of major farm produce were 16.76 billion USD, adrop of 0.5 percent, while that of livestock reached 297 million USD, a fall of18.5 percent, fisheries nearly 7.75 billion USD, down 0.9 percent, and forestryproducts 11.65 billion USD, up 15 percent year on year.
The ministry has rolled out various measures to remove difficulties facing theexport of agro-forestry-fisheries products and broaden markets, in order tofulfil the goal of earning at least 41 billion USD from the export of theproducts in 2020.
The ministry will work with relevant parties to implement measures to balancethe trade and tackle difficulties in trade for exporters.
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