The US, China and Japan continue to be the three largest export markets for Vietnamese agricultural, forestry and fishery products in the first 7 months of 2024.
Latest report from Ministry of Agriculture and Rural Development said, in the first 7 months of the year, the total turnover agricultural, forestry and fishery exports reached 34.27 billion, up 18.8%; imports 24.85 billion USD; trade surplus 9.42 billion USD, up 60%.
In July alone, agricultural, forestry and fishery exports reached 5.11 billion USD, up 18.2% over the same period. Of which, main agricultural products were 2.62 billion USD, up 25.2%; forestry products were 1.4 billion USD, up 15.8%; aquatic products were 880 million USD, up 13.2%; livestock was 47.4 million USD, up 9.3%.
According to the Ministry of Agriculture and Rural Development, in the first 7 months, most commodity groups increased, so export turnover increased, reaching 34.27 billion USD. Contributing to this result were agricultural products of 18.21 billion USD, up 23.4%; forestry products of 9.41 billion USD, up 21.1%; aquatic products of 5.29 billion USD, up 7.3%; and livestock of 288 million USD, up 4.8%.
Specifically, key commodities all achieved higher export value than the same period last year, such as: Wood and wood products 8.7 billion USD, up 21.9%; coffee 3.5 billion USD, up 30.9%, with a volume of 964,000 tons; rice 3.2 billion USD, up 25.1%, with a volume of 5.18 million tons; cashew nuts 2.3 billion USD, up 22.1%, with a volume of 424,000 tons; vegetables and fruits 3.8 billion USD, up 24.3%; shrimp 2 billion USD, up 7.5%; tra fish 1.02 billion USD, up 7.1%.
The average export price of some commodities also increased, for example: Rice 632 USD/ton, up 18.2%; coffee 3,669 USD/ton, up 51.7%; rubber 1,555 USD/ton, up 14.8%; pepper 4,665 USD/ton, up 45%; tea 1,728 USD/ton, up 1.6%.
Notably, export value to all markets increased. Of which, exports to Asia were 16.3 billion USD, up 16.9%; Americas 7.9 billion USD, up 20.5%; Europe 4.2 billion USD, up 29.6%; Africa 638 million USD, up 7.9% and Oceania 476 million USD, up 14.2%.
In terms of markets, the US, China and Japan continue to be the three largest export markets for Vietnamese agricultural, forestry and fishery products. Accordingly, the US accounted for 21.1%, up 21.6%; China accounted for 20.5%, up 11.3% and Japan accounted for 6.6%, up 4%.
As a "bright spot" in agricultural exports in the first 7 months of the year, the fruit and vegetable group this year is also forecast to reach the target of 7 billion USD. Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that the quality of Vietnamese agricultural products is increasingly high and is favored by many markets. In particular, durian, a staple of the fruit and vegetable group, is creating a position with its cheap price, freshness, and fast transportation time. From July, August, September and October, durian output will increase when the Central Highlands enters the season.
Durian, known as the "king of fruits", is increasingly asserting its position as it is favored by China and many other countries.
According to the latest figures from the General Department of Customs, in the first half of this year, durian export reached 1.32 billion USD, up 45% over the same period last year. Durian currently accounts for 65% of the export fruit group.
The export price of durian has also increased sharply in the past 6 months, fluctuating between 4.3-4.5 USD (110,000-115,000 VND/kg) depending on the market. Currently, the Monthoong variety is popular because of its high quality, flat seeds, delicious aroma and non-mushy texture. The storage time of this variety is also longer than that of Ri 6 and other varieties.
Among the top 10 markets importing Vietnamese durian in the first half of the year, China took the lead with a turnover of 1.22 billion USD, accounting for 92.4%. Compared to the same period last year, durian exports to China increased by 46%. The Thai market ranked second, with 47 million USD, up 90.5% compared to the first half of 2023.
In addition to these two major markets, Japan and Cambodia also increased their purchases of Vietnamese durian. Japan spent 2.6 million USD, Cambodia spent 1.6 million USD, increasing by 2 and 23 times respectively compared to the same period last year.
The Vietnam Food Association said that the demand for rice in the world market is still very large. Traditional markets such as China, the Philippines and Indonesia have all increased their import quotas. Indonesia plans to import 5.18 million tons of rice, of which it recently opened a bid to buy 320,000 tons of 5% broken rice, creating opportunities for Vietnamese rice. The Philippines also increased its import volume from 3.8 million tons to 4.5 million tons.
In the first 7 months of the year, import turnover was 24.85 billion USD, up 8.2%. Of which: Agricultural products 15.27 billion USD, up 7.6%; Livestock products 2.09 billion USD, up 5.4%; Aquatic products 1.44 billion USD, down 3.8%; Forestry products 1.55 billion USD, up 20.8%; Production inputs 4.48 billion USD, up 12.3%; Salt 21.4 million USD, down 16.6%. |
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