| Exports from January 1-7, 2024: Tea exports reached 211 million USD, Pangasius set an export target of 2 billion USD in 2024 Exports from January 8-14: Pepper exports reached 1 billion USD, fruit and vegetable exports exceeded 1 billion USD for the first time |
In 2023, wood and wood products exports will earn 13.5 billion USD
According to statistics from the General Department of Customs, in December 2023, the export value of wood and wood products reached 1.33 billion USD, an increase of 9.6% compared to November 2023 and an increase of 2% compared to December 2022. In 2023, the export value of wood and wood products reached 13.5 billion USD, a decrease of 15.9% compared to 2022. Of which, the export value of wood products reached 9.2 billion USD, a decrease of 16.7% compared to 2022.
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| In 2023, wood and wood products exports will earn 13.5 billion USD |
Although wood and wood product exports increased continuously in the last months of the year, the export value in 2023 still decreased significantly, as exports from the beginning of the year decreased sharply.
Vietnam's wood and wood products exported to key markets are expected to decrease significantly in 2023. The US market is leading in terms of export value at 7.3 billion USD, down 15.6% compared to 2022; followed by the Chinese market at 1.7 billion USD, down 20.6%; Japan at 1.7 billion USD, down 11.6%; South Korea at 784.3 million USD, down 23.4%...
However, exports of this group of products to the Indian market recorded strong growth in 2023.
Specifically, in December 2023, wood and wood product exports to this market reached more than 14.8 million USD, an increase of 290.8% compared to December 2022. In the whole year of 2023, export turnover to India reached nearly 122 million USD, an increase of 287.7% over the same period in 2022. Thus, export turnover to this market increased steadily over the months.
Despite the surge, India only accounted for 0.9% of Vietnam's wood and wood products exports in 2023. This figure has increased significantly compared to 0.2% in 2022.
Cassava and cassava products to enter the billion-dollar export club by 2023
Statistics from the General Department of Customs show that in 2023, cassava and cassava products will be exported to 2.95 million tons, worth 1.3 billion USD, down 9.1% in volume and 7.3% in value compared to 2022.
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| In 2023, cassava and cassava products exports will reach 2.95 million tons, worth 1.3 billion USD, down 9.1% in volume and 7.3% in value compared to 2022. |
In 2023, although cassava and cassava product exports decreased compared to 2022, this is still one of the agricultural export products with a value of over 1 billion USD.
In terms of cassava alone, in 2023, cassava exports will reach 821.51 thousand tons, worth 231.64 million USD, up 8% in volume and 4.9% in value compared to 2022. The average cassava export price in 2023 will be 282 USD/ton, down 2.9% compared to 2022.
In 2023, the average export price of cassava and cassava products reached the highest level since 2018. The export price of cassava and cassava products in 2023 reached 441.5 USD/ton, an increase of 2.1% compared to 2022.
In 2023, China will remain the largest consumer market for cassava and cassava products in Vietnam, accounting for 91.52% in volume and 90.99% in value of the country's total exports, reaching 2.7 million tons, worth 1.18 billion USD, down 9.3% in volume and 7.7% in value compared to 2022. The average export price of cassava and cassava products from Vietnam to China in 2023 will be 438.9 USD/ton, up 1.7% compared to 2022.
2023, rice exports at record high
According to statistics from the General Department of Customs, Vietnam's rice exports in December 2023 reached 492,387 tons of rice, earning more than 338 million USD, down 18% in volume and 15% in price compared to November.
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| Rice exports in 2023 will earn nearly 4.68 billion USD with nearly 8.13 million tons, up 14.4% in volume and a sharp increase of 35% in value compared to the whole year of 2022. |
Accumulated for the whole year of 2023, rice exports earned nearly 4.68 billion USD with nearly 8.13 million tons, up 14.4% in volume and a sharp increase of 35% in value compared to the whole year of 2022. This is a record high number in more than 30 years of Vietnam participating in rice exports.
The average export price for the whole year reached 575 USD/ton, an increase of 18% compared to 2022. December was the month with the highest export price ever, compared to the beginning of 2023, the export price increased by 32%.
In terms of market, the Philippines is still the largest market for Vietnamese rice with more than 3.1 million tons in 2023, earning more than 1.7 billion USD, down 2.46% in volume but up 18% in value compared to 2022. The average export price reached 559 USD/ton, down 2.5% over the same period.
Indonesia has surpassed China to become the second largest customer of Vietnamese rice. In 2023, rice exports to this market earned more than 640 million USD with more than 1.17 million tons, a sharp increase of 878% in volume and 992% in value compared to the same period in 2022.
For China, Vietnam exported 917,255 tons to this market and earned more than 530 million USD, up 8% in volume and 23% in value over the same period last year. In 2022, China was the second largest customer of Vietnamese rice with a proportion of 12% in both volume and turnover.
2023 is a year of many fluctuations for rice after India announced a ban on the export of this important commodity. Countries have "flocked" to Vietnam and Thailand to find alternative supplies for the world's largest rice exporter, accounting for nearly a third of the global turnover.
Cashew exports set new record
According to data from the General Department of Customs, cashew exports in December 2023 reached 63 thousand tons, equivalent to 343 million USD, not much fluctuation compared to the previous month. However, compared to December 2022, cashew exports increased by 34% in volume and 27.5% in value.
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| Cashew exports set new record |
In 2023, cashew exports reached the target of 644 thousand tons, equivalent to 3.6 billion USD, up 24% in volume and 18% in value compared to 2022. With this result, the cashew industry exceeded the plan of 3.05 billion USD by 18%. This is also the highest result in many years.
In 2023, cashew exports to some major markets such as the United States, China, and the Netherlands recorded positive growth. Specifically, cashew exports to the United States reached 885 million USD, up 5% compared to 2022 and accounting for nearly 25% of the total export turnover of this item.
Cashew exports to China also recorded a breakthrough after the country lifted Covid-19 prevention measures, with turnover reaching 683 million USD, up 55% compared to 2022 and accounting for 19% of total cashew export turnover.
Cashew exports to the Netherlands - the gateway to the EU market in 2023 reached 353 million USD, an increase of 19% compared to 2022 and accounting for 10% of total cashew export turnover.
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