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Friday, October 7, 2022

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

The Saigon Times

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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.

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