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Wednesday, December 1, 2021

U.S. becomes Vietnam’s largest farm produce supplier

The Saigon Times

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HCMC – Vietnam spent US$3.3 billion importing agricultural products from the United States between January and October, making America the former’s biggest farm produce supplier.

Statistics released by the Ministry of Agriculture and Rural Development on November 2 indicated that over the past 10 months, farm imports from the U.S. accounted for 9.2% of Vietnam’s total.

Among the products imported from the U.S., Vietnam spent the most on cotton at US$1.2 billion. Other major imports were animal feed and materials, vegetables and fruit, soybeans, wood and dairy products, the local media reported.

Besides, the U.S. was also Vietnam’s largest farm produce buyer during the 10-month period with a total value of over US$10.8 billion. Exports of wood and woodwork represented 68.4% of Vietnam’s total revenue from farm produce exports to the U.S.

The statistics also showed that during the January-October period, Vietnam spent US$35.6 billion importing agro-forestry-fishery products, up 39.1% year-on-year. Of the total, the import value of main agricultural products amounted to US$22.5 billion.

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