Vietnam’s agro-forestry-aquatic product exports to surpass goal
Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually, reported the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA)ཧ – Vietnam’s agro-forestry-aquatic product exports and importswere estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7percent annually, reported the Ministry of Agriculture and Rural Development(MARD).
Of the figure, around 43.48 billion USD was worth of exports, up 14.2percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting ina trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. With the result, the goal of earning 44 billion USD fromagro-forestry-aquatic product exports is completely reachable. Notably, rubber, cashew nuts, cassava and its products sawincrease in both export volume and value. The US was the biggest export market of Vietnam with over 11.9billion USD, or 27.5 percent of the market share. It was followed by China witharound 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3billion USD, or 6.9 percent. The US was also the biggest import market of Vietnam with nearly3.5 billion USD, making up 8.9 percent of the market share. Cambodia camesecond with around 3.3 billion USD, or 8.5 percent. In the near future, the MARD will facilitate the export of farmproduce to Peru, Australia, Brazil, China, the US, ASEAN and Russia whilecarrying out a project on improving the capacity of trade defence in thecontext of Vietnam’s entry to new-generation free trade agreements./.
The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).
Agro-forestry-fisheries export value increased by 21.6% to 32.1 billion USD in the first eight months of this year, according to the Ministry of Agriculture and Rural Development.
The agricultural sector remained a pillar of the country’s economy, bringing in 35.5 billion USD from the export of agro-forestry-fishery products in the fist nine months of this year, a 17.7 percent increase compared to the same period in 2020, according to the Ministry of Agriculture and Rural Development.
Vietnam enjoyed a year-on-year rise of 13.1 percent in the export revenue of agro-forestry-fisheries products in the first 10 months of 2021 to nearly 38.75 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).
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Illustrative image (Photo: VNA) 
