The Ministry of Agriculture and Rural Development assessed that, despite the great pressure from market competition and the decline in world market prices of many industrial crops, Vietnam's agricultural export turnover. There is still a strong rise, it is estimated that the whole year of 2018 will reach a record level of 40 billion USD.
The value of Vietnam's agricultural exports is currently ranked 15th in the world
The number of export turnover achieved in 2018 is a record of Vietnam's agriculture sector, confirming its position as a world powerhouse in exporting agricultural products (ranked 15th and has exported to markets over 180 countries and regions. territory in the world).
This result was achieved in the context of fluctuating world markets in 2018, typically the US-China trade war; The increase in protection through food quality and safety management standards of Vietnam's major agricultural market countries, including the US, EU, China, Japan, and Korea, etc. imported agricultural products;
Moreover, in 2018, there was a sharp decline in prices of industrial crops on the world market, especially pepper, sugar … However, Vietnam's agricultural sector has overcome difficulties; Vietnam's agricultural, forestry and fishery export turnover in the first 11 months of 2018 alone reached US $ 36.3 billion, up 9.1% over the same period in 2017.
Pointing out some outstanding features of agricultural exports this year, the Ministry of Agriculture and Rural Development said: Export market share maintained, strengthened and expanded, 5 export markets of main agricultural, forestry and aquatic products of Vietnam is China, the United States, Japan, ASEAN and South Korea accounted for 22.9% of market share (value increased by 3.6% compared to 2017), 17.9% (up 9.4%). , 19.1% (up 7.1%); 10.64% (up 11.0%) and 6.9% (up 29.4%).
The export value of key products has increased, including: rice, vegetables, pangasius, wood products and forest products. Meanwhile, the difficulties of the world agricultural market in 2018 are a major obstacle for Vietnam to maintain the double-digit growth momentum of agricultural exports.
The world agricultural market in 2018 recorded a sharp decline in prices of industrial crops in the context of fierce competition among exporting countries, leading to a sharp increase in supply while world demand decreased or increased. slow growth. Specifically, items such as coffee, rubber, pepper, cashew nuts. However, although the main commodities (coffee, cashew and rubber) have been reduced, due to the increase in the number of exports, Vietnam has maintained a high export value (estimated 11-month coffee export reached 3.3 billion USD; cashew exports reached 2.25 billion USD; rubber reached 1.87 billion USD).
Not only facing difficulties in price and demand, Vietnam's large export markets are increasingly setting strict technical standards for imported agricultural products. Typically, the Chinese market not only raises the quality standards of imported agricultural products, but also strengthens the management and tightens border trade. The EU market still holds a yellow card warning for exploited seafood imported from Vietnam and drafted new regulations on substances used on plant varieties;
For the US market, it continues to maintain and increase protection measures through the imposition of anti-dumping duties on Vietnamese seafood products, continuing the Taoist Catfish Inspection program. the Farm Bill, which is vigorously implementing the Lacey Act for timber and timber products;
The Japanese and Korean markets also regularly review and adjust the regulations on food safety and increase the frequency of inspecting imported agricultural and aquatic products, detrimental to Vietnam's export progress to the markets. this market. /.
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