Vietnam has 8 products and product groups with export value of over 2 billion USD, including: Coffee, rubber, rice, vegetables, cashew, shrimp, pangasius, wood products.
According to the Ministry of Agriculture and Rural Development, in the 10 months of 2022, the total import-export turnover of agriculture, forestry and fishery reached about 82.1 billion USD, up 10.2% over the same period last year. In particular, the trade surplus of agriculture, forestry and fishery in 10 months reached about 7.7 billion USD, up 83.7% over the same period in 2021.
In October 2022 alone, export turnover was estimated at over 4.5 billion USD, up 13.5% compared to September 2022; In which, the main agricultural products group is over 2.1 billion USD, the main forest products are nearly 1.3 billion USD, seafood is 900 million USD and livestock is 35.3 million USD.
In 10 months, export turnover was estimated at over 44.9 billion USD, up 14.1% over the same period last year. In which, the export of main agricultural products is over 18.8 billion USD, up 7.2%; main forest products about 14.4 billion USD, up 10.7%; seafood reached 9.4 billion USD, up 32.7%; livestock raising 326.9 million USD, down 8.7%; production input was nearly 2.0 billion USD, up 45.3%.
Up to now, Vietnam has 8 products/product groups with export value of over 2 billion USD, including: Coffee, rubber, rice, vegetables, cashew, shrimp, pangasius, wood products.
Many items achieved higher export value than the same period last year such as: Coffee nearly 3.3 billion USD (up 33.4%); rubber USD 2.8 billion (up 11.2%); rice over 2.9 billion USD (up 7.4%); pepper 829 million USD (up 4.7%); cassava and cassava products $ 1.1 billion (up 16.5%), pangasius over $ 2.1 billion (up 76.5%), shrimp $ 3.8 billion (up 20.3%), wood and wood products 13.5 billion USD (up 11.4%); fertilizers of all kinds 961 million USD (2.5 times more)
In addition, a number of products decreased in export value such as: Vegetables and fruits with nearly 2.8 billion USD (down 6.5%), cashew nuts nearly 2.6 billion USD (down 15.3%), products livestock products 326.9 million USD (down 8.7%)…
Some products had an average export price increase over the same period last year, such as: Fertilizers of all kinds, with the average price of about 616 USD/ton, up 72.7%; pepper about $4,372/ton, up 26.9%; coffee about 2,301 USD/ton, up 20.6%…
In particular, the export price of rice to September started to increase slightly compared to August, but on average, the price reached about 484 USD/ton, down 8.3% over the same period last year. Cashew nut price also decreased by 4.3%, to about 5,995 USD/ton.
In 10 months, the US continued to be the largest export market, reaching over 11.4 billion USD (accounting for 25.4%); ranked second is the Chinese market with about 8.3 billion USD (accounting for 18.5%); the third is the Japanese market with an export value of 3.5 billion USD (accounting for 7.8%); The fourth is the Korean market with an export value of over 2.1 billion USD (accounting for 4.7%).
According to the Ministry of Agriculture and Rural Development, the drought in China affects production and is an opportunity for agricultural exports to this market. In addition, inflation in Europe, war in Ukraine, climate change aggravate food security problems, the EU has built a “solidarity lane” plan to facilitate trade. exports to the European market gradually changed positively. However, the requirements of importers to Europe are getting higher and higher, the logistics costs are high…
For the US market, in October 2022, fresh grapefruit is the 7th fruit of Vietnam allowed to import into this market. Some other fruits such as coconuts and durians are still exported to the United States. United States, but as a frozen product.
Regarding import turnover, in 10 months, the import of agricultural, forestry and fishery products is estimated at over 37.2 billion USD, up 5.8% over the same period in 2021. In which, the import value of main agricultural products were estimated at over 22.7 billion USD, up 2.9%; aquatic products group was estimated at over 2.3 billion USD, up 40.6%; main forest products group USD 2.7 billion, up 7.4%; livestock products group nearly 2.7 billion USD, down 5.2%; production input group was estimated at 6.7 billion USD, up 11.3%.
Asia accounts for 30.4% and is the largest import market share of Vietnam. America accounted for 25.5%, Oceania accounted for 7.3%, Europe accounted for 4.3% and Africa accounted for 3.4%. Argentina, the United States, and China are the three largest suppliers of agricultural, forestry and fishery products to Vietnam.
Source: Vietnam+/ VNA
