China is still Vietnam's largest agricultural import market.

The Ministry of Agriculture and Rural Development said that the growth rate of agricultural, forestry and fishery production value in the first quarter of 2024 is estimated at 2.9 - 3% compared to the same period in 2023. Photo: Luc Tung

Of which, crop cultivation increased by 2.02%; livestock increased by 4.34%, aquaculture increased by 3.46%; forestry increased by 4.11%.

Regarding the consumption of agricultural, forestry and fishery products, in the first three months of the year, 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; the trade surplus was 3.36 billion USD, up 96.5%.

Regarding export turnover, March 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% compared to 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 3 months, all export groups increased compared to the same period last year, so export turnover increased, reaching 13.53 billion USD; contributing to this result were:

Agricultural products: 7.46 billion USD, up 31.1%; forestry products: 3.61 billion USD, up 18.8%; aquatic products: 1.86 billion USD, up 1.9%; livestock: 113 million USD, up 4.8%; production inputs: 481 million USD, up 8.3%.

There were 4 items with export value of over 1 billion USD. Of which, wood 2.32 billion USD (up 26.8%); vegetables 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 599 thousand tons, up 8.3%).

Average export prices of some agricultural products: rice export price 661 USD/ton, up 25%; coffee 3,181 USD/ton, up 43.5%; rubber 1,462 USD/ton, up 5.1%; pepper 4,153 USD/ton, up 35.6%.

Cashew nuts alone are 5,329 USD/ton, down 8.6%; tea is 1,616 USD/ton, down 2.2%; fertilizer is 412 USD/ton, down 9.1%...

Data provided by the Ministry of Agriculture and Rural Development. Chart: Phan Anh

Notably, export value to all markets increased. Of which, exports to Asia were 6.27 billion USD (up 16.6%); Americas 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 continued to be the three largest export markets. 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%.

Source