Export of agricultural products in 10 months increased by more than 13%

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According to the Ministry of Agriculture and Rural Development, in the past 10 months, the total export and import turnover of agricultural, forestry and fishery products is estimated at over 74.3 billion USD. Exports alone were estimated at nearly 38.75 billion USD, up 13.1% over the same period last year.


Rice export prices increased by more than 7% over the same period last year. Illustrations

Specifically, in October, the export (export) of main agricultural products was estimated at nearly 17.4 billion USD, up 12.7%; main forest products reached about 12.8 billion USD, up 22.3%; seafood reached nearly 6.9 billion USD, down 0.8%; livestock production was estimated at 359 million USD, up 6.1%; the production input group was about $1.4 billion, up 22.3%.

Generally in 10 months, many products and groups of products with increased export value, including: Coffee, rubber, rice, vegetables and fruits, pepper, cashew nut, cassava and cassava products, blanket products farming, shrimp, wood products, rattan, bamboo, carpet sedge, cinnamon… In which, rubber, cashew nuts, cassava and products from cassava increased both in export volume and value.

Specifically, rubber increased by 13.9% in volume and more than 46% in value, cashew nuts increased by more than 14% in volume and 13.5% in value, cassava and cassava products increased by just over 7% in volume, but increased by more than 21% in value. Particularly for pepper, although the export volume decreased by 5.7%, thanks to the average export price increased by 52.9%, the export value still increased by 44.2%.

Average export price in 10 months of many commodities increased, such as rubber reaching USD 1,680/ton (up 4.1%), tea reaching over USD 1,665/ton (up 28.7%) Coffee price also increasing by 9.7% , rice is more than 7.1%, pepper is more than 71%, cassava is more than 13%…

The Ministry of Agriculture and Rural Development also informed about the export value of agriculture, forestry and fishery products of Vietnam in the past 10 months to markets in Asia (accounting for 42.8% market share), the Americas (30.0%), Europe and Asia. Europe (11.4%), Africa (1.9%), Oceania (1.5%). Accordingly, the largest export market is the US with over 10.8 billion USD (accounting for 27.9% of the market share), of which the export turnover of wood and wood products accounted for 68.4% of the turnover. Vietnam’s agricultural, forestry and fishery exports to this market.

The second place is the Chinese market with nearly 7.5 billion USD (accounting for 19.3% of the market share) with the export turnover of vegetables and fruits accounting for 23.4% of the export turnover of agriculture, forestry and fishery. Third is the Japanese market with an export value of over $2.6 billion (accounting for 6.8%) and the largest group of wood products, accounting for 43.4% of the export value of agriculture, forestry, and fishery products.

The Ministry of Agriculture and Rural Development also said that in the 10 months of this year, the import turnover of agricultural, forestry and fishery products was estimated at 35.6 billion USD, up 39.1% over the same period in 2020. In which, import value Import of main agricultural products was estimated at 22.5 billion USD, up 54%.

Source: Government Newspaper

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