Total export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, exceeding the target set by the agricultural sector for this year.
In 11 months, agricultural, forestry and fishery exports reached 56.74 billion USD.
According to the report of the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in November 2024 is estimated at 5.3 billion USD, an increase of 13.9% over the same period last year. Thus, the total export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. With the achieved results, the export turnover has exceeded the target of 54 - 55 billion USD for the whole year of 2024, and is confident to aim for a new record of 60 billion USD...
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| Rice export volume and value in 11 months reached nearly 8.5 million tons with 5.31 billion USD (Photo: VNA) |
In particular, Vietnam's trade balance of agriculture, forestry and fishery products achieved a surplus of 16.46 billion USD, up 52.8% over the same period last year. Of which, the forestry group is estimated to have a surplus of 13.05 billion USD, up 18.7% over the same period in 2023; the fishery group has a surplus of 6.88 billion USD, up 17.5% and the agricultural group has a surplus of 4.72 billion USD, up 3.1 times.
By commodity, Vietnam has 7 agricultural, forestry and fishery products with a trade surplus of over 1 billion USD, including: wood and wood products with a surplus of 12.11 billion USD, up 19.4% over the same period last year; vegetables and fruits with 4.56 billion USD, up 33.9%; coffee with 4.53 billion USD, up 30.5%; rice with 4.07 billion USD, up 14.6%; shrimp with 3.19 billion USD, up 20.5%; tra fish with 1.72 billion USD, up 10.1%; and pepper with a surplus of 1.07 billion USD, up 43.5%.
In 11 months, the export value of agricultural products reached 29.78 billion USD, up 23.2%; livestock products reached 475.5 million USD, up 4.4%; aquatic products reached 9.2 billion USD, up 11.8%; forestry products reached 15.59 billion USD, up 19.6%...
Rice exports earn over 5.3 billion USD
Assessing the industry's achievements in export up to this point, Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development - said that the results came from agricultural products such as rice, vegetables, coffee, pepper, etc.
Accordingly, the volume and value of rice exports in November are estimated at 700,000 tons with 444.9 million USD, bringing the total volume and value of rice exports in 11 months to nearly 8.5 million tons with 5.31 billion USD, up 10.6% in volume and 22.4% in value over the same period in 2023. This is the first rice export output and value achieved by the agricultural sector.
The Philippines is Vietnam's largest rice consumer market with a market share of 46.1%. Indonesia and Malaysia are the next two largest markets with market shares of 13.5% and 8.2%, respectively. Among the 15 largest rice export markets, the export value of rice increased the most in the Malaysian market with an increase of 2.2 times; the market with the sharpest decrease in export value was China with a decrease of 71.3%.
The export value of fruits and vegetables in November is estimated at 500 million USD, bringing the total export value of fruits and vegetables in 11 months to 6.66 billion USD, up 28.2% over the same period in 2023. China currently ranks first in the consumption of Vietnamese fruits and vegetables with 66.5% market share, reaching 4.1 billion USD, up 28.7% over the same period in 2023. The next two largest fruit and vegetable export markets are the United States and South Korea with market shares of 4.7% and 4.3% respectively.
Fruit and vegetable export values increased in 14 out of 15 major export markets, with the strongest increase in Germany at 73.6%. The Netherlands was the only major market where export values decreased, with a decrease of 26%.
Coffee exports have so far reached nearly 1.2 million tons with 4.84 billion USD; although down 15.4% in volume, it increased 32.8% in value compared to the same period in 2023. This is because the average export price of coffee reached 4,037 USD/ton, up 56.9% compared to the same period in 2023.
Germany, Italy and Spain are the three largest coffee consuming markets of Vietnam with market shares of 11%, 8.1% and 8% respectively. Coffee exports grew in all markets in the group of 15 largest export markets, with the strongest increase in the two markets of Malaysia (up 2.2 times) and the Philippines (up 2.1 times) and the lowest increase in the Belgian market with an increase of 8.6%.
Regarding export markets, the United States, China and Japan 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 agricultural, forestry and fishery products to the United States increased by 24.6%, China increased by 11%, and Japan increased by 5.5%.
Source: https://congthuong.vn/xuat-khau-nong-lam-thuy-san-chinh-thuc-vuot-dich-2024-362407.html
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