Export surplus of agricultural products in the first 4 months decreased sharply

According to the Ministry of Agriculture and Rural Development, in the first four months of the year, Vietnam saw a trade surplus of more than $ 2 billion, down 41 percent year-on-year.

In the first 4 months of the year, the total import-export turnover of agricultural, forestry and fishery products was estimated at 32 billion USD, of which exports reached about 17 billion USD, up 24.2% over the same period last year; import is estimated at about 15 billion USD, up 49%.

Thus, in the first 4 months of the year, Vietnam saw a trade surplus of over 2 billion USD, down 41% from the same period last year.

In April, export turnover is estimated at 4.5 billion USD, up 29.1% compared to April 2020, down 13.3% from March 2021.

In particular, the export value of the main agricultural product group is estimated at 1.5 billion USD, the main forest products are estimated at 1.3 billion USD, the seafood is 650 million USD, and husbandry is 36 million USD, …

Generally for 4 months, the export turnover of agricultural, forestry and fishery products is estimated at 17 billion USD, up 24.2% compared to 4 months / 2020.

Four main export markets of Vietnamese agro-forestry and aquatic products are the US, China, Japan and Korea. Accordingly, the US is the largest customer, accounting for 25.1% of the market share, an increase of 58.0% compared to 2020. The second is the Central market with 23.3% of the market share, an increase of 35.8%.

In the opposite direction, in the first 4 months of the year, import turnover of agricultural, forestry and fishery products was estimated at about 14.93 billion USD, up 49% over the same period in 2020.

Trade balance of major commodity groups. Source: Ministry of Agriculture and Rural Development

In which, the import value of main agricultural products was estimated at 5 billion USD, up 121.9%.

Livestock products group is about 1.38 billion USD, up by 36.9%; seafood products are estimated at about 679 million USD, up 22%.

The main forest products group is about 997.4 million USD, increasing by 33.7%; production input group is about 2.31 billion USD, up by 40%.

According to VietnamBiz

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