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Sunday, February 25, 2024

Agro-forestry-fishery trade surplus in Jan-Nov up by 33.7%

By Truc Dao

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HCMC – Vietnam’s agro-forestry-fishery trade surplus in January-November amounted to US$10.55 billion, up by 33.7% year-on-year, according to the Ministry of Agriculture and Rural Development.

In the year to November, trade of agricultural, forestry, and fishery products had amounted to US$85.13 billion, down by 5.9% against the previous year, with exports accounting for US$47.84 billion in revenue and imports fir US$37.29 billion.

Six products with export value of US$3 billion or higher include coffee, rice, vegetables, cashew nuts, shrimp, and wood and wooden products. Certain agricultural products such as rice, tea, and coffee got higher export prices.

In November alone, agricultural, forestry, and fishery exports generated US$4.79 billion in revenue, a 13% increase compared to the same period of the previous year. All commodities reported a surge in export prices, with agricultural products rising by 24.7%, forestry products by 2.8%, and fishery products by 1.4%.

During the eleven-month period, agricultural, forestry, and fishery exports to Asian and African countries expanded by 6.8% and 21.7%, respectively. Meanwhile, exports to the Americas, Europe, and Oceania fell.

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