In 4 months, agricultural, forestry and fishery exports earned nearly 20 billion USD

According to the Ministry of Agriculture and Rural Development , in April 2024, the export value of agricultural, forestry and fishery products reached 5.14 billion USD, an increase of 19.7% compared to April 2023; of which, main agricultural products were 2.83 billion USD (up 29.2%), forestry products were 1.39 billion USD (up 18.6%), livestock was 40.8 million USD (up 5.9%); aquatic products alone were 730 million USD (down 1.5%).

Agriculture, forestry and fishery products are present in 180 markets.

In general, in the first 4 months of 2024, the total export turnover of agricultural, forestry and fishery products is estimated at 19.06 billion USD, an increase of 23.7% over the same period last year.

In general, in the first 4 months, the export groups of the industry all increased, so the export turnover increased. Contributing to this result were: Agricultural products 10.44 billion USD, up 32.5% over the same period last year; forestry products 5.18 billion USD, up 22.8%; aquatic products 2.68 billion USD, up 4.2%; livestock 152 million USD, up 3.6%.

Most of the key commodities were higher than the same period last year, such as: Wood and wood products reached 4.84 billion USD, up 23.7%; coffee 2.57 billion USD, up 57.9%; rice 2.08 billion USD, up 36.5%; cashew reached 1.16 billion USD, up 21.2%; vegetables and fruits 1.8 billion USD, up 32.1%; shrimp 937 million USD, up 5.9%.

Many items have had a fairly high average export price increase, such as: rice reached 644 USD/ton, up 22.2%; coffee 3,402 USD/ton, up 49.7%; rubber 1,487 USD/ton, up 6.9%; pepper 4,214 USD/ton, up 36.4%; cashew nuts alone 5,375 USD/ton, down 8.4%; tea exports 1,632 USD/ton, down 2%...

In terms of markets, export value to all markets increased. Of which, exports to Asia increased by 19.8%; America increased by 24.6%; Europe increased by 38.6%; Oceania increased by 26% and Africa increased by 33.3% to 332 million USD.

The United States, China and Japan continue to be the three largest import markets for Vietnamese agricultural, forestry and fishery products. Specifically, the export value to the United States accounted for 20.1%, up 25.7%; China accounted for 18.9%, up 15.1% and Japan accounted for 6.9%, up 9.6%.

On the other hand, agricultural, forestry and fishery imports reached 14.32 billion USD. Thus, the industry's trade surplus in the first 4 months was 4.74 billion USD, up 71.5%.

To continue to maintain good growth momentum in exports, the Ministry of Agriculture and Rural Development said that it will handle market issues to facilitate the export of agricultural and aquatic products, especially to markets such as China, the United States, Japan, and the EU. At the same time, it will open new markets with great potential such as Halal Muslim countries, the Middle East, Africa, etc.

Taking advantage of Free Trade Agreements (FTAs), especially the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP) and the Vietnam-EU Free Trade Agreement (EVFTA) to boost exports of key agricultural, forestry and fishery products, and support businesses in signing new export orders. The Ministry also coordinates with ministries and sectors to support the protection of trademarks and geographical indications for potential Vietnamese export products abroad.

Source: https://congthuong.vn/4-thang-xuat-khau-nong-lam-thuy-san-thu-ve-gan-20-ty-usd-317782.html