| Export week 11/13-11/19: Fruit and vegetable exports will reach a record of 5 billion USD, cassava joins the "billion USD export club" Export week 11/20-11/26: Shrimp exports to the US are positive, pangasius exports will grow strongly |
Seafood exports in November 2023 increased by 6%, reaching nearly 840 million USD
According to estimates by the Vietnam Association of Seafood Exporters and Producers (VASEP), by the end of November 2023, Vietnam's seafood export turnover is estimated to reach 8.27 billion USD, down 19% over the same period last year. In November 2023 alone, exports increased by 6% compared to November 2022, reaching nearly 840 million USD.
Except for shellfish, whose export turnover was still lower than the same period last year, exports of major products in November 2023 were all higher than the same period last year. Of which, shrimp increased by 4%, tuna increased by 26%, pangasius increased by 12%, squid and octopus increased by 3%, other marine fish increased by 4%...
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By the end of November this year, pangasius exports had reached nearly 1.7 billion USD, still 26% lower than the same period last year. The decrease in average export prices in major markets, especially the US and China, has pushed pangasius export value lower than in 2022.
Shrimp exports by the end of November 2023 are estimated at 3.15 billion USD, down 22% compared to the same period last year. Shrimp exports are also affected by price competition in the context of excess global shrimp supply and low prices. Exports to most major markets were lower than the same period, except for a few small markets such as Hong Kong (China) and Switzerland, up 5%, and Taiwan (China) up 19%.
Tuna exports in the first 11 months of the year reached about 774 million USD, down 18%. Compared to other products, tuna has a more positive signal. Although exports to the US still decreased by 35%, many markets such as the EU, Thailand, Israel, Mexico, Russia, South Korea, the Philippines, and Japan are tending to increase imports of Vietnamese tuna. Steamed tuna loin and canned tuna products have better demand than frozen fillets, cuts, etc.
Other fish, mainly marine fish, brought in revenue of 1.74 billion USD by the end of November, down 7% compared to the same period in 2022. Exports of squid, octopus, shellfish, and crabs by the end of November still had negative growth of 10-13% compared to the same period last year.
With the current development, seafood exports for the whole year of 2023 are estimated to reach about 9 billion USD, down 18% compared to 2022. Of which, shrimp will earn about 3.4 billion USD, 21% less than last year, pangasius is estimated at 1.8 billion USD, down 25%, tuna is estimated at 850 million USD, down 15%; squid and octopus exports are estimated at 660 million USD, down 14%.
Fruit and vegetable exports reach 5.3 billion USD after 11 months
According to the Ministry of Agriculture and Rural Development, in the past 11 months, fruit and vegetable exports reached 5.3 billion USD, of which durian contributed more than 2 billion USD.
The Ministry of Agriculture and Rural Development said that in November 2023, agricultural, forestry and fishery exports were estimated at 4.79 billion USD, up 13% over the same period last year. In the 11 months, the total export turnover of agricultural, forestry and fishery products still decreased by nearly 3% over the same period, estimated at 47.8 billion USD.
The reason for the decrease is that the two main export items, aquatic products and forestry products, both decreased by nearly 20% compared to the same period last year. Specifically, the aquatic products group reached 8.2 billion USD (down 19%), forestry products 13 billion USD (down 17%), and production inputs 1.8 billion USD, down 18%.
The agricultural and livestock groups alone have seen impressive growth over the past 11 months. Specifically, agricultural exports reached 24.3 billion USD (up 17%) and livestock products 453 million USD (up 24%).
To date, there are 6 products/product groups with export value of over 3 billion USD, including coffee (3.5 billion USD), rice (4.41 billion USD), vegetables and fruits (5.3 billion USD, of which durian contributes more than 2 billion USD), cashew nuts (3.3 billion USD), shrimp (3.4 billion USD), wood and wood products (12 billion USD).
In November 2023, coffee exports earned 3.54 billion USD
According to statistics from the General Department of Customs, it is estimated that Vietnam's coffee exports in November 2023 will reach 80 thousand tons, worth 252 million USD, up 83.0% in volume and 59.9% in value compared to October 2023, down 37.9% in volume and 17.5% in value compared to November 2022.
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| In November 2023, coffee exports earned 3.54 billion USD |
In the first 11 months of 2023, Vietnam's coffee exports are estimated at approximately 1.38 million tons, worth 3.54 billion USD, down 12.9% in volume and 2.5% in value over the same period last year.
It is estimated that in November 2023, the average export price of Vietnam's coffee will reach 3,148 USD/ton, down 12.6% compared to November 2023, but up 32.8% compared to November 2022.
In the first 11 months of 2023, the average export price of Vietnam's coffee is estimated at 2,570 USD/ton, an increase of 11.9% over the same period in 2022.
Import and export exceed 600 billion USD mark
According to the General Statistics Office, in the first 11 months of 2023, the total import-export turnover of goods is estimated at 619.17 billion USD; trade surplus is 25.83 billion USD.
In November, the total import-export turnover of goods was estimated at 60.88 billion USD, up 5.9% over the same period last year. In the first 11 months of 2023, the total import-export turnover of goods was estimated at 619.17 billion USD, down 8.3% over the same period last year. The trade balance of goods in the first 11 months of 2023 is estimated to have a trade surplus of 25.83 billion USD.
According to the General Statistics Office, in the first 11 months of 2023, the total import-export turnover of goods is estimated at 619.17 billion USD; trade surplus is 25.83 billion USD.
Specifically, in November, the total import-export turnover of goods is estimated at 60.88 billion USD, up 5.9% over the same period last year. In the 11 months of 2023, the total import-export turnover of goods is estimated at 619.17 billion USD, down 8.3% over the same period last year. The trade balance of goods in the 11 months of 2023 is estimated to have a trade surplus of 25.83 billion USD.
Regarding goods exports, the export turnover of goods in November 2023 is estimated at 31.08 billion USD, up 6.7% over the same period last year. Of which, the domestic economic sector reached 8.49 billion USD, up 13.5%; the foreign-invested sector (including crude oil) reached 22.59 billion USD, up 4.4%. This is a very positive bright spot when the growth rate of domestic enterprises increased, 3 times higher than that of the foreign-invested sector.
In the first 11 months of 2023, the estimated export turnover of goods reached 322.50 billion USD, down 5.9% over the same period last year. Although the export turnover still decreased compared to the same period last year, the decrease in export growth has narrowed significantly compared to the decrease of 11.6% in the first 6 months of 2023.
In the 11 months of 2023, there were 33 items with export turnover of over 1 billion USD, accounting for 93.1% of total export turnover (there were 07 items with export turnover of over 10 billion USD, accounting for 66%). Many key export items had positive growth rates compared to the same period last year.
Durian exports in 10 months reached nearly 2.1 billion USD
China's increased purchases helped durian exports in 10 months reach nearly 2.1 billion USD - a record high.
This is the data just announced by the Vietnam Fruit and Vegetable Association. Accordingly, this year durian is the fruit with the highest export turnover, leading the group of Vietnamese fruits and vegetables and accounting for 51%. Of the total durian export turnover, 94% is fresh goods exported to 8 countries around the world, the remaining 6% is frozen and dried goods.
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| Durian exports in 10 months reached nearly 2.1 billion USD |
China is the largest consumer market for Vietnamese durian, accounting for 97% of the market share, reaching nearly 1.9 billion USD. In addition to the Chinese market, this year durian exports to the Czech market also increased dramatically, reaching nearly 10 million USD, up 28 times compared to the same period last year.
According to the Vietnam Fruit and Vegetable Association, with the current surge in export turnover, Vietnam is catching up with Thailand and surpassing Malaysia and the Philippines in the Chinese market. In the last months of the year, Vietnam’s off-season durian continues to have an advantage over Thai products as the country is affected by the weather.
According to export enterprises, in the last two months of the year, Vietnam can earn 200-400 million USD from durian exports, bringing the total export turnover of this item in 2023 to 2.5 billion USD.
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