Agriculture, forestry and fishery trade surplus of over 3.3 billion USD in the first quarter

Total export turnover of agricultural, forestry and fishery products in the first 3 months of 2024 is estimated at 13.53 billion USD, up 21.8% over the same period last year. With this result, the entire agricultural, forestry and fishery sector had a trade surplus of 3.36 billion USD in the first quarter of 2024, up 96.5% over the same period last year...

The entire agriculture, forestry and fishery sector will have a trade surplus of 3.36 billion USD in the first quarter of 2024.

According to information from the Ministry of Agriculture and Rural Development, in the first quarter of 2024, the agricultural sector still achieved good growth; productivity and output of many key products increased, ensuring adequate supply of food, foodstuffs, and essential goods, contributing to the overall growth of the country's economy.

In March 2024, the entire export industry reached 4.85 billion USD, up 6% over the same period last year; of which, main agricultural products were 2.75 billion USD (up 31.1% over March 2023), main forestry products were 1.22 billion USD (down 0.3%), aquatic products were 653 million USD (down 14.6%), livestock was 43.6 million USD (up 8.3%), and production inputs were 173 million USD (up 0.2%).

In the first three months of 2024, the total export turnover of agricultural, forestry and fishery products is estimated at 13.53 billion USD, up 21.8% over the same period last year; trade surplus of 3.36 billion USD, up 96.5%. Contributing to this result are agricultural exports of 7.46 billion USD, up 31.1%; forestry products of 3.61 billion USD, up 18.8%; aquatic products of 1.86 billion USD, up 1.9%; livestock of 113 million USD, up 4.8%; production inputs of 481 million USD, up 8.3%.

Of which, there are 4 items with export value of over 1 billion USD including: Wood 2.32 billion USD (up 26.8%); vegetables and fruits 1.23 billion USD (up 25.8%); rice 1.37 billion USD (up 40% with volume 2.07 million tons, up 12%); coffee 1.9 billion USD (up 54.2% with volume 799 thousand tons, up 44.4%).

The average export price of many commodities in the first quarter of 2024 increased. Specifically, the average export price of rice reached 661 USD/ton, up 5%; the average export price of coffee reached 2,373 USD/ton, up 6.8%; the average export price of rubber reached 1,462 USD/ton, up 5.1%; the average export price of pepper reached 4,153 USD/ton, up 35.6%...

In terms of markets, exports to Asia reached 6.27 billion USD (up 16.6%); America 2.96 billion USD (up 27.2%); Europe 1.85 billion USD (up 34.8%); Oceania 188 million USD (up 22.9%) and Africa 192 million USD (up 21.6%).

China, the United States and Japan continue to be the three largest export markets for agricultural, forestry and fishery products of Vietnam. Of which, the export value to China accounted for 20.2%, up 18.3%; the United States accounted for 19.9%, up 28.3% and Japan accounted for 7%, up 4.6%.

Regarding imports, in the first 3 months, agricultural, forestry and fishery imports reached 10.18 billion USD, up 8.2%. Of which, agricultural products were 6.45 billion USD, up 9.9%; livestock products were 720 million USD, down 6.7%; aquatic products were 636 million USD, down 3.9%; forestry products were 544 million USD, up 10.8%; production inputs were 1.81 billion USD, up 13.5%; salt was 7.8 million USD, down 33.5%.

Aiming to achieve a total agricultural export turnover of 54 - 55 billion USD in 2024, the Ministry of Agriculture and Rural Development said it will implement activities to ensure food quality and safety, increase processing, and develop markets.

In addition, the Ministry is finalizing and will soon submit to the Prime Minister for approval the Project on Developing a Logistics System to Improve the Quality and Competitiveness of Vietnamese Agricultural Products by 2030, with a Vision to 2050, which is expected to be a strong support to help Vietnamese agricultural products increase their export value.

Source link: https://thoibaonganhang.vn/nong-lam-thuy-san-xuat-sieu-hon-33-ty-usd-trong-quy-i-150345.html