In October 2021, the export of agricultural, forestry and fishery products reached US$3.4 billion, down 15.6% compared to October 2020 but up 4.2% compared to September 2021. This result brought the total export turnover of the industry after 10 months to 38.75 billion USD, up 13.1% over the same period last year. If this pace is maintained in the remaining two months, the export target of $44 billion for the whole year of 2021 is entirely feasible.
Import and export of agricultural products in 10 months of 2021
According to data from the Ministry of Agriculture and Rural Development, the total export and import turnover of agro-forestry-fishery products in the first 10 months of 2021 reached US$74.31 billion, up 24.2% over the same period last year. In which, exports reached 38.75 billion USD, up 13.1%; imports were 35.56 billion USD, up 39.1%. Thus, agro-forestry-fishery still has a trade surplus of 3.19 billion USD.
MULTIPLE PRODUCTS INCREASED HUGE PRICES
In the past 10 months, many product groups with increased export value include: coffee, rubber, rice, vegetables and fruits, pepper, cashew nuts, cassava and cassava products, livestock products, shrimp; wooden product; rattan, bamboo, sedge carpet; cinnamon… In which, rubber exports increased by 13.9% in volume and 46.5% in value; cashew exports increased 14.1% in volume and 13.5% in value; exports of cassava and cassava products increased by 7.7% in volume and 21.2% in value.
Particularly, although the export volume decreased, only 232 thousand tons (down 5.7%) but thanks to the average export price increased by 52.9%, the export turnover increased to 44.2%.
For coffee, export volume decreased by 5.1% but value still increased by 4.1%.
Other items increased in value such as: livestock products increased by 6.1%, shrimp increased by 0.1%; wood products by 20.6%; groups of rattan, bamboo and sedge mats increased by 42.6%; cinnamon increased 14.5%. The commodity that decreased both in volume and in export value, although the average export price increased, was tea, down 7.2% in volume and 3.4% in value.
|Mr. Le Hoang Tai, Deputy Director of Trade Promotion Department, Ministry of Industry and Trade:
“Despite being affected by the pandemic, Vietnam’s pepper exports remained stable, achieving a high growth value, with US$782 million in 10 months, up 44.2% over the same period last year. This is a very impressive growth figure. The average export price of Vietnam’s pepper reached more than 3,300 USD/ton, up 51.1% over the same period in 2020.
The Import-Export Department (Ministry of Industry and Trade) forecasts that world pepper prices will continue to increase in the coming time and Vietnam’s pepper exports will also be better. Exporting businesses have started buying again to prepare sources for export. It is forecasted that by the end of 2021, the pepper industry will regain the 1 billion USD mark.
At this point, the amount of pepper in the population is almost exhausted, if the price increase continues, it will release all the stock of pepper from previous years. Although, there are still many difficulties due to high freight rates, broken consumption chains, but there are many signs that the pepper industry is returning to its heyday, helping farmers get rich with an income of hundreds of millions of dong per year. per hectare of arable land”.
Regarding export markets, the export value of Vietnam’s agricultural, forestry and fishery products in the first 10 months of the year to markets in Asia accounted for 42.8% of the market share; America accounted for 30.0% market share, Europe accounted for 11.4% market share, Africa accounted for 1.9% market share, Oceania (accounting for 1.5% market share).
The largest export market of the agricultural, forestry and fishery industry is still the United States with over 10.8 billion USD, accounting for 27.9% of the total market share; in which the export turnover of wood products and wood products accounts for 68.4% of the proportion of Vietnam’s agricultural, forestry and fishery exports to the US.
The second is the Chinese market with nearly 7.5 billion USD (accounting for 19.3% market share); with export turnover of vegetables and fruits accounted for 23.4% of the proportion of agricultural, forestry and fishery exports to China. The next positions in turn belong to: the Japanese market ranked third with an export value of over $2.6 billion (accounting for 6.8%); The fourth is the Korean market with a value of about 1.7 billion USD (accounting for 4.3%).
CONVENIENT RICE EXPORT
Especially, after consecutive months of price reduction, the export price of rice has increased sharply in October 2021, from $438/ton to $530/ton for 5% broken rice. Explaining the reason for the increase in the price of Vietnamese rice, a business based in Long An said that currently the summer – autumn crop has been harvested while the Government is increasing the national reserve, thereby pulling domestic prices and increasing prices. exports increased.
Not only Vietnam’s rice exports increased, recently the export price of Thai and Indian rice also increased again, due to floods occurring in some rice producing countries, affecting the supply of this item. .
By the end of October 2021, Vietnam has exported 5.1 million tons of rice, worth $2.65 billion.
Currently, Vietnam’s rice exporters are actively restoring production to meet the delivery schedule in the last two months of 2021 as well as the demand from many major import markets in Asia for demand. year-end demand.
It can be seen that after many months of silence due to the epidemic stress, the rice industry’s commercial activities have been somewhat improved so far. This also means that enterprises will enter a more competitive stage with other export competitors.
However, according to Mr. Phan Van Co, Director of Vrice Co., Ltd., currently the price of rice is not the main competitive factor because the problem that import partners care about is the delivery schedule and commitment of the company. Vietnamese enterprises.
With rice export activity being active again, the Vietnam Food Association still expects that this year our country can export 6-6.2 million tons of rice of all kinds, with a turnover of about $3.325 billion. .
|Mr. Nguyen Quoc Toan, Director of the Department of Agricultural Product Processing and Market Development
“The agriculture, forestry and fishery industry has set an export target of $42.5 billion in 2021. Normally, exports of agricultural products increase at the end of the year to meet consumer demand during the Christmas and New Year holidays. . If we only need to calculate the export value of November and December equal to October, we will have an export turnover of nearly 7 billion USD in the last two months of the year, which will reach over 45.5 billion USD, which is far beyond the target. .
In order to take advantage of the opportunity to recover and speed up the export of agro-forestry-fishery products, the trade promotion work in the last two months of the year will focus on opening the agricultural product market to other countries; promptly provide information, market regulations, import and export control between Vietnam and China; the information on quota regulations for agricultural products implementing the EVFTA and UKVFTA agreements to localities and businesses… We are also preparing content and working with the US to develop an action plan the implementation of the Agreement with the United States on timber; negotiating fisheries subsidies in the WTO and attending the WTO Ministerial Conference, negotiating the UK’s accession to the CPTPP”.
Chu Khoi – Source: VNEconomy