Export week 11-17/12: Rubber export brought in 2.51 billion USD, cassava export reached 1.16 billion USD after 11 months

Rubber exports bring in 2.51 billion USD after 11 months

In the first 11 months of 2023, rubber exports reached over 1.87 million tons, worth 2.51 billion USD, up 0.01% in volume, but down 14.7% in value compared to the same period in 2022.

According to the Import-Export Department (Ministry of Industry and Trade), in November 2023, the amount of rubber exported increased compared to the previous month, but still decreased compared to the same period last year. According to statistics from the General Department of Customs, in November 2023, Vietnam exported 253.31 thousand tons of rubber, worth 348.43 million USD, up 16.1% in volume and 18.6% in value compared to October 2023; compared to November 2022, it decreased by 0.1% in volume but increased by 1.3% in value.

Rubber exports bring in 2.51 billion USD after 11 months

Accumulated in the first 11 months of 2023, rubber exports reached over 1.87 million tons, worth 2.51 billion USD, up 0.01% in volume, but down 14.7% in value compared to the same period in 2022.

In November 2023, China remained Vietnam's largest rubber export market, accounting for 82.55% in volume and 81.65% in value of the country's total rubber exports, reaching 209.1 thousand tons, worth 284.5 million USD, up 16.3% in volume and 18.3% in value compared to October 2023; compared to November 2022, it increased by 0.03% in volume and 2.6% in value.

In the first 11 months of 2023, Vietnam exported 1.48 million tons of rubber to China, worth 1.96 billion USD, up 7.9% in volume, but down 5.8% in value compared to the same period in 2022.

Export of cassava and cassava products reached 1.16 billion USD

According to statistics from the General Department of Customs, in November 2023, Vietnam exported 268.91 thousand tons of cassava and cassava products, worth 134.77 million USD. In the first 11 months of 2023, the export of cassava and cassava products reached over 2.66 million tons, worth 1.16 billion USD, down 6.8% in volume and 7.3% in value compared to the same period in 2022.

Export of cassava and cassava products reached 1.16 billion USD

In November 2023, China remained Vietnam's largest export market for cassava and cassava products, accounting for 92.09% in volume and 92.59% in value of the country's total cassava and cassava product exports, reaching 247.64 thousand tons, worth 124.78 million USD, up 2.5% in volume, but down 0.1% in value in October 2023; Compared to November 2022, it decreased by 10.6% in volume, but increased by 6.8% in value.

The average export price of cassava and cassava products to China was 503.9 USD/ton, down 2.5% compared to October 2023, but up 19.5% compared to November 2022. In the first 11 months of 2023, Vietnam exported 2.43 million tons of cassava and cassava products to China, worth 1.05 billion USD, down 6.7% in volume and 7.7% in value compared to the same period in 2022.

In the first 10 months of 2023, China imported nearly 5.35 million tons of cassava chips, worth 1.47 billion USD, down 17.1% in volume and 20.4% in value compared to the same period in 2022. Thailand, Vietnam, Laos, Cambodia and Nigeria are the 5 markets supplying cassava chips to China.

11 months 2023, pepper export increased in volume

According to statistics from the General Department of Customs, in November 2023, Vietnam's pepper exports reached 20.2 thousand tons, equivalent to 77.7 million USD, up 4.3% in volume and 6.2% in value compared to the previous month, up 23.7% in volume and 28.4% in value compared to November 2022.

In the first 11 months of 2023, Vietnam exported approximately 245.7 thousand tons of pepper, worth 833.2 million USD, up 18% in volume and down 7.1% in value over the same period last year.

In the first 11 months of 2023, Vietnam exported approximately 245.7 thousand tons of pepper, worth 833.2 million USD.

In November 2023, the average export price of Vietnam's pepper jumped to 3,839 USD/ton, the highest since the beginning of the year. In the first 11 months of 2023, the average export price of Vietnam's pepper reached 3,392 USD/ton, down 21.3% over the same period in 2022.

In terms of markets, the US remained the number one export market for Vietnamese pepper in the first 11 months of the year. In addition, many markets continued to increase by 2 to 3 digits compared to the same period last year.

Pangasius exports for the whole year are estimated to reach 1.8 billion USD.

Statistics from the Ministry of Agriculture and Rural Development show that it is estimated that in 2023, Vietnam's pangasius exports will only reach about 1.8 billion USD, equal to 75% compared to the same year in 2022. The main markets importing Vietnamese pangasius products such as China, the United States, the EU... all decreased from 17 - 53%.

Pangasius fish exports for the whole year are estimated to reach 1.8 billion USD.

A bright spot is that the farming process is not interrupted, ensuring output and quality. However, difficulties in exporting have pushed the domestic raw material purchase price down to below 28,000 VND/kg, down 2,000 - 3,000 VND compared to the same period in 2022. Meanwhile, the production cost accounts for about 26,000 VND/kg.

Strengthening chain linkages, pumping in strong loan capital and actively expanding the market... are fundamental solutions to quickly resolve difficulties for this billion-dollar industry.

Top 5 localities with the highest export turnover in the country

According to the latest data from the General Department of Customs, the total import and export turnover of goods in November is estimated at 60.88 billion USD, down 1.4% compared to the previous month and up 5.9% compared to the same period last year.

Regarding exports, the export turnover of goods in November 2023 is estimated at 31.08 billion USD, down 3.6% compared to the previous month. Of which, the domestic economic sector reached 8.49 billion USD, down 2.4%; the foreign-invested sector (including crude oil) reached 22.59 billion USD, down 4.1%. Compared to the same period last year, the export turnover of goods in November increased by 6.7%, of which the domestic economic sector increased by 13.5%, the foreign-invested sector (including crude oil) increased by 4.4%.

The 5 localities with the highest export turnover in the country are Ho Chi Minh City, Bac Ninh, Hai Phong, Binh Duong and Bac Giang, respectively.

By province and city, the General Department of Customs' report said that in November 2023 alone, the five localities with the highest export turnover in the country were Ho Chi Minh City (3.62 billion USD), Bac Ninh (3.4 billion USD), Hai Phong (2.9 billion USD), Binh Duong (2.6 billion USD) and Bac Giang (2.3 billion USD).

In the first 11 months of 2023, Ho Chi Minh City is the locality with the highest export turnover in the country, with an export turnover of 38.5 billion USD. In second place is Bac Ninh, with an export turnover of 36.4 billion USD in 11 months. Following are Binh Duong, Thai Nguyen and Hai Phong, with export turnover reaching 27.7 billion USD, 24 billion USD and 23.93 billion USD, respectively.

Regarding imports, the import turnover of goods in November 2023 is estimated at 29.8 billion USD, up 1% over the previous month. Of which, the domestic economic sector reached 10.6 billion USD, down 0.4%; the foreign-invested sector reached 19.2 billion USD, up 1.7%. Compared to the same period last year, the import turnover of goods in November increased by 5.1%, of which the domestic economic sector increased by 4.2%; the foreign-invested sector increased by 5.6%.

By province and city, the General Department of Customs' report said that in November 2023 alone, the five localities with the highest import turnover in the country were Ho Chi Minh City (4.9 billion USD), Hanoi (3.36 billion USD), Bac Ninh (3.12 billion USD), Hai Phong (2.4 billion USD) and Binh Duong (1.98 billion USD).

In the first 11 months of 2023, Ho Chi Minh City is the locality with the highest import turnover in the country, with an import turnover of 50.4 billion USD. Hanoi ranked second, with an 11-month export turnover of 33.9 billion USD. Following are Bac Ninh, Binh Duong and Bac Giang, with export turnover of 30.4 billion USD, 19.98 billion USD and 18.4 billion USD, respectively.

Rice exports in 11 months earned 4.4 billion USD

According to the General Department of Customs, Vietnam's rice export output in the first 11 months of the year reached 7.8 million tons, earning a turnover of 4.4 billion USD. These are record numbers, the highest since 1989 and are expected to continue to increase in the coming time.

The number one market for Vietnamese rice continues to be the Philippines, which currently accounts for about 35% of Vietnam's rice export market share. In the first 11 months of 2023, rice exports to this country reached 2.63 million tons, equivalent to 1.41 billion USD. Following are Indonesia, China and African countries.

Vietnam's rice export prices have been quite complicated since 2021. Specifically, in early 2021, rice prices reached 550 USD/ton, but by mid-2022, this figure dropped to nearly 460 USD/ton, then increased dramatically in 2023. The highest price was recorded in October 2023, reaching 640 USD/ton. In particular, some businesses can reach agreements close to the threshold of 800 USD/ton.

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