Vietnam enjoys 87 percent growth in agricultural trade surplus
Foreign trade of agricultural, forestry and aquatic products reached 14.2 billion USD in the first two months of 2022, a year-on-year increase of 15.8 percent, according to the Ministry of Agriculture and Rural Development.
Export of wood and timber products increases 15.5 percent in the first two months of this year. (Photo: VNA)
Hanoi (VNA) – Foreign trade of agricultural,forestry and aquatic products reached 14.2 billion USD in the first two monthsof 2022, a year-on-year increase of 15.8 percent, according to the Ministry ofAgriculture and Rural Development.
Revenue of these exports was estimated at 8 billion USD,up 20.9 percent year-on-year, while imports exceeded 6.2 billion USD, up 10percent.
So far this year, Vietnam has enjoyed 1.8 billion USD in trade surplus inagriculture, forestry and fishery, 86.7 percent higher than last year’s figure.
From January-February, shipments of key agriculturalproducts totalled over 3.2 billion USD, up 10.2 percent. Aquatic exports saw asignificant surge of 47.2 percent to 1.5 billion USD. Forestry exportsalso increased 17 percent to nearly 2.9 billion USD during the period. Animalproducts, meanwhile, slid 3.5 percent to just 54.1 million USD.
Exports posting high growth included coffee (36percent), rice (22 percent), pepper (44 percent), tra fish (83 percent), shrimp(34 percent), and wood and timber products (15.5 percent).
Aquatic exports see a significant surge of 47.2 percent to 1.5 billion USD in January-February. (Photo: VNA)
The US remained Vietnam’s biggest buyer, purchasing over 2.3billion USD worth of the products, or 28.2 percent of the total. Some70 percent of exports to the US were wood and timber products.
It was followed by China in the second and Japan in the thirdplace. China imported nearly 1.3 billion USD (16.2percent) from Vietnam, some 33.3 percent of which was rubber.
Shipments to Japan stood at 586 million USD (7.3 percent),44.8 percent of which was wood and timber products.
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Export of wood and timber products increases 15.5 percent in the first two months of this year. (Photo: VNA) 
Aquatic exports see a significant surge of 47.2 percent to 1.5 billion USD in January-February. (Photo: VNA)
