29 C
Ho Chi Minh City
Monday, June 24, 2024

Agro-forestry-fishery sector earns larger trade surplus in Jan-Apr

The Saigon Times

Must read

HCMC – Vietnam’s agro-forestry-fishery export revenue between January and April reached US$17.9 billion, up 15.6% year-on-year, while the import value of these products amounted to some US$13.9 billion, down 2.3%, resulting in a trade surplus of US$4 billion, a year-on-year increase of 3.2-fold, according to the Ministry of Agriculture and Rural Development.

In April alone, the country exported over US$4.8 billion worth of agro-forestry-fishery products, up 11.2% year-on-year and down 2.6% month-on-month. The export value of the main agricultural products amounted to nearly US$1.9 billion, while forestry and seafood exports earned some US$1.6 billion and over US$1.1 billion, respectively.

In January-April, the export revenue of the main agricultural products reached over US$7.4 billion, up 10.5% year-on-year, while forestry and seafood exports fetched some US$5.9 billion and US$3.6 billion, up 4.9% and 43.7%, respectively.

Five commodities reported export revenue of over US$1 billion each, including coffee, rice, vegetables and fruits, shrimp and woodwork.

Many other products enjoyed higher export values, with tra fish exports skyrocketing by nearly 90% year-on-year, shrimp exports up 38.6% and pepper up 29.6%.

Between January and April, Vietnam mainly exported agro-forestry-fishery products to Asia, the Americas, Europe and Africa.

The United States was Vietnam’s largest buyer of agro-forestry-fishery products during the four-month period, with a value of some US$5 billion, followed by China with over US$3.2 billion, the local media reported.

To ramp up the export of these commodities, the ministry has kicked off various bilateral and multilateral trade activities and programs and diversified export markets.

More articles


Please enter your comment!
Please enter your name here

Latest articles