In the first 7 months, total import-export turnover of agricultural, forestry and aquatic products of Vietnam was estimated at nearly 39.5 billion USD.
According to data from the Ministry of Agriculture and Rural Development, in the first 7 months, the total import-export turnover of agricultural, forestry and fishery products was estimated at nearly 39.5 billion USD, of which exports were estimated at 22.3 billion USD.
Thereby, the Ministry of Agriculture and Rural Development plans to set the target of export value of 41 billion USD in the whole year 2020.
Among export commodity groups, the main agricultural products reached US $ 10.4 billion, down 4% over the same period; husbandry reached 213 million USD, down 24.9%; seafood 4.4 billion USD, down 6.4%.
Remarkably, the main forestry product only saw an increase of 6.7%, reaching 6.5 billion USD.
Photo: Industry and Trade Journal.
In terms of import value, the first 7 months of Vietnam witnessed import value of US $ 17.2 billion, down 4.6% compared to the same period last year.
In the second half of the year, MARD stated that the epidemic of COVID-19 continued to be unpredictable, trade policies, geopolitical tensions in some areas and increasing protectionism.
In particular, many agricultural export markets will tighten technical barriers and trade safeguard measures, new requirements on traceability of products, issue export certificates, promote official quotas and trade. Quality control in exporting country …
However, besides the challenges, MARD also pointed out the advantages in the future. That is the implementation of the Vietnam-EU Free Trade Agreement (EVFTA) will also open opportunities and great market prospects for Vietnamese agricultural products.
In order to achieve the target of US $ 41 billion in export value this year, MARD said it will continue restructuring agriculture in three product axes including: the national key product group; provincial key product groups and local main product groups.
In addition, MARD stressed that the export market will be strengthened; expand the official export market of key products; actively negotiate to open export markets, stabilize traditional markets, seek and expand potential markets; Minimize dependence on certain markets.
