Coffee and rice are still good exports amidst the plummeting of many agricultural products

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Data from the Ministry of Agriculture and Rural Development (MARD) shows that in May, agricultural, forestry and fishery export turnover is estimated at US $ 3.1 billion, down 2.7% compared to April 2020.

While rubber decreased to 30.4%, tea decreased by 11.3%, pepper decreased by 18.5%, Pangasius decreased by more than 39%, coffee exports still increased by 2.2%, rice increased by nearly 19%. in the first 5 months of this year

In particular, the export value of the main agricultural group is estimated at US $ 1.5 billion, down 5%, the main forest product is about US $ 696 million, down more than 6%, the fisheries reach US $ 582 million, down 5.6% and the blankets farming reached 57 million USD, up 25%, …

Generally, in 5 months, the export turnover of agriculture, forestry and fishery is estimated at US $ 15.5 billion, down more than 4% compared to the same period in 2019. Of which, the main agricultural products are estimated at nearly US $ 7.4 billion, down 3 ,2%; husbandry is estimated at 210 million USD, down by over 19%; fishery was estimated at 2.8 billion USD, down 11.5%; main forest products reached 4.2 billion USD, down nearly 2%.

Most of exports decreased, except for coffee, rice, vegetables, cassava, rattan, … Specifically, the export value of coffee reached US $ 1.36 billion, up 2.2%; rice reached US $ 1.4 billion, up nearly 19%; vegetables reached 310 million USD, up 17.5%; cinnamon gained 66 million USD, up 16.6%; Rattan, bamboo, sedge mats reached USD 197 million, up 4.7%.

The items with much reduction, such as rubber reached 464 million USD, down 30.4%, tea reached 71 million USD, down 11.3%, pepper reached 307 million USD, down 18.5%, fruit reached 1, 15 billion USD, down 21.4%, Pangasius reached 456 million USD, down more than 39%, shrimp reached 955 million USD, decreased 14.5% …

Regarding export market, in 5 months, China is still the market with the largest market share with export turnover of nearly 3.7 billion USD, down by 15.5% YoY and accounting for 23.8% market share.

Next is the US estimated at US $ 3.4 billion, up 7% over the same period and accounting for 22% market share; EU market is estimated at 1.6 billion USD, down 1.1% and capturing 10.5% market share; exports to Japan reached nearly US $ 1.4 billion, up 3.5%, accounting for nearly 9% of the market share; exports to ASEAN countries reached nearly 1.6 billion USD, up 5.5% and accounted for 10.38% market share.

According to VietnamBiz

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