The export turnover of agricultural, forestry and fishery products in October 2024 is estimated at 5.91 billion USD. Thus, the total export turnover of agricultural, forestry and fishery products in 10 months reached 51.74 billion USD, an increase of 20.2% over the same period in 2023.
The Ministry of Agriculture and Rural Development said: The export turnover of agricultural, forestry and fishery products in October 2024 is estimated at 5.91 billion USD. Thus, the total export turnover of agricultural, forestry and fishery products in 10 months reached 51.74 billion USD, an increase of 20.2% over the same period in 2023. The trade surplus value of agricultural, forestry and fishery products in 10 months reached 15.21 billion USD, an increase of 62.2% over the same period last year.
Of which, the export value of agricultural products reached 27.38 billion USD, up 25.6%; livestock products reached 423.5 million USD, up 2.7%; aquatic products reached 8.33 billion USD, up 12%; forestry products reached 14.05 billion USD, up 19.9%; salt reached 4.6 million USD, down 0.2%.
Asia is the largest export market for Vietnam's agricultural, forestry and fishery products, with a market share of 48.2%. The next two largest markets are the Americas and Europe, with market shares of 23.5% and 11.5%, respectively. The market shares of Africa and Oceania are small, accounting for 1.8% and 1.4%, respectively.
Compared to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products in the first 10 months of 2024 to Asia increased by 17.2%; America increased by 24.7%; Europe increased by 34.1%; Africa increased by 2% and Oceania increased by 14.5%.
In terms of markets, the United States ranked first with a market share of 21.6%, followed by China with 21.5% and Japan with 6.5%. These are the three largest export markets for Vietnam's agricultural, forestry and fishery products. Compared to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products to the United States increased by 25.9%, China increased by 11.4%, and Japan increased by 5.9%.
The Ministry of Agriculture and Rural Development said that the total import turnover of agricultural, forestry and fishery products in the first 10 months of 2024 reached 36.53 billion USD, an increase of 8.5% over the same period in 2023.
Thus, Vietnam's trade balance of agriculture, forestry and fishery products in the first 10 months is estimated to have a surplus of 15.21 billion USD, an increase of 62.2% over the same period last year.
By commodity group, forestry, fishery and agricultural products are the three commodity groups with a trade surplus. Specifically, the forestry group is estimated to have a surplus of 11.75 billion USD, up 18.8% over the same period in 2023; the fishery group has a surplus of 6.21 billion USD, up 17.2% and the agricultural group has a surplus of 4.67 billion USD, up 4.2 times.
Meanwhile, the trade balance of the remaining three groups of goods was in deficit: the production input group had a deficit of 4.75 billion USD, up 7%; livestock products had a deficit of 2.64 billion USD, up 7.2% and salt had a deficit of 24.6 million USD, down 24.1%.
Up to now, the agricultural sector has 6 agricultural, forestry and fishery products with a trade surplus of over 1 billion USD: wood and wood products with a surplus of 10.91 billion USD, up 19.6% over the same period last year; fruit and vegetable surplus of 4.47 billion USD, up 39.6%; coffee surplus of 4.33 billion USD, up 38.5%; rice surplus of 3.68 billion USD, up 13.1%; shrimp surplus of 2.92 billion USD, up 21.7% and tra fish surplus of 1.54 billion USD, up 8.7%.
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