Vietnam’s exports of agricultural, forestry and seafood products are estimated to have risen 14.21% on-year to $10.13 billion between Jan and July, representing 38.27% of the country’s total seven-month export revenues, the Ministry of Agriculture and Rural Development said.
Of the value, exports of major farm produce brought in $5.35 billion, rising 8.06% on-year; seafood $2.45 billion (+11.63%); and forestry products $1.91 billion (+31.41%).
The Southeast Asian country is expected to notch up $1.53 billion from exports of farm produce, forestry and seafood products in July.
In the first seven months, Vietnam exported around four million tons of rice for $1.97 billion, down 4.98% on year in volume. Exports of coffee dropped 4.3% in volume and 9.22% in value at 754,000 tons worth $1.06 billion.
The price falls of coffee were attributed to the decrease of export revenues, the ministry said, adding that the prices were averaging at $1,399 a ton in the period, down 6.01% on- year.
Meanwhile, the country raked in $821 million from shipping 299,000 tons of rubber, up 71.19% on-year in value despite a decrease of 10.36% in volume, thanks to the double of export prices at $2,744 a ton on average.
The export of other agricultural products such as cashew nuts and tea also saw positive outcomes. In the first seven months of this year, the country exported 100,000 tons of cashew nuts worth $531 million, up 5.38% and 23% on-year, respectively.
Tea accounted for 65,000 tons, worth $91 million, down by 4% in volume and up by 6% in value.
Regarding the export of fisheries products, shrimp lead the list of the country’s key seafood exports with $717 million, accounting for 35% of the sector’s export turnover, followed by tra and basa fish with a turnover of $650 million.
The EU remained the country’s biggest export market for seafood with $512 million, followed by Japan with $373 million. (Vietnam Economic Times)
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