After 8 months, exports of almost all agricultural product categories have increased, resulting in total export turnover exceeding $40 billion, an 18.6% increase.
According to the Ministry of Agriculture and Rural Development, in the first 8 months of the year, the total export turnover of agricultural, forestry, and fishery products reached $40.08 billion, while imports amounted to $28.28 billion. Thus, the trade surplus in the agricultural sector was $11.8 billion, up by 68.4%.
Specifically, the export turnover of key products exceeded that of the same period last year: wood and wood products reached $10.24 billion (up 20.6%), coffee $4.03 billion (up 36.1%), rice $3.85 billion (up 21.7%), cashew nuts $2.77 billion (up 21.7%), fruits and vegetables $4.63 billion (up 30.6%), shrimp $2.41 billion (up 9.5%), and pangasius fish $1.2 billion (up 8.2%).
During the 8-month period, export value to various markets increased, with exports to Asia reaching $19 billion (up 15.7%), the Americas $9.3 billion (up 22.3%), Europe $4.8 billion (up 30.5%), Africa $747 million (up 5.5%), and Oceania $563 million (up 12.8%).
The United States, China, and Japan continue to be the three largest export markets, with export value to the United States accounting for 21.4% (up 23.5%); China accounting for 20.4% (up 10.2%); and Japan accounting for 6.7% (up 4.6%).
In addition to major markets such as China, the U.S., Japan, and the EU, the agricultural sector is also actively collaborating with businesses to open up new, potential markets such as Halal Muslim countries, the Middle East, and Africa.
The U.S. Department of Agriculture and Vietnam’s Ministry of Agriculture and Rural Development have completed technical negotiations and are now proceeding with legal procedures to allow the import of Vietnamese passion fruit.
