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Saturday, June 15, 2024

Agro-forestry-fishery trade surplus skyrockets in January

By Truc Dao

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HCMC – Vietnam’s agro-forestry-fishery sector had a trade surplus of US$1.4 billion in January, a 4.6-fold increase compared to the same period last year, according to the Ministry of Agriculture and Rural Development.

Vietnam’s revenue from the export of agricultural, forestry, and fishery products surged by 79.2% year-on-year to US$5.14 billion in the first month of the year. Meanwhile, the country spent US$3.72 billion importing those types of goods.

The import-export value of forestry products in January shot up by 72.5% versus the year-ago period to US$1.49 billion, while that of fishery products amounted to US$730 million, up by 60.8% year-on-year.

Vietnam’s agro-forestry-fishery exports to various markets gained positive growth. Exports to the Americas expanded by 93.6% to US$1.18 billion. Exports to Africa rose by a staggering 185.4% to US$104 million. Exports to Asia increased by 86.3%, and Europe by 38.2%.

Data released by the Government at its monthly meeting today showed that the country’s foreign trade in January expanded by 37.7% to US$64.22 billion.

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