Agricultural export turnovers see year on year decline

The Ministry of Agriculture and Rural Development yesterday reported that the export turnover of agricultural, forestry and fishery products reached US$2.47 billion in July, taking the total number to US$16.93 billion in the first seven months, down 3.6 percent over the same period last year.

The Ministry of Agriculture and Rural Development yesterday reported that the export turnover of agricultural, forestry and fishery products reached US$2.47 billion in July, taking the total number to US$16.93 billion in the first seven months, down 3.6 percent over the same period last year.

Export shrimp processing at Minh Phu company, Ca Mau province (Photo: SGGP)
Export shrimp processing at Minh Phu company, Ca Mau province (Photo: SGGP)

Farm produce export value was estimated at US$8.2 billion, down 5.7 percent. The highest reduction rates were from coffee with 33.7 percent, rubber 9.2 percent and rice 8.3 percent.

Seafood export value hit US$3.53 billion, a reduction of 17 percent against a year ago. The U.S., Vietnam’s largest market, reduced most with 27.71 percent.

Forestry products sustained a year on year growth momentum of 8.1 percent touching US$3.88 billion.

While exports continued facing difficulties, the import turnover of agricultural, forestry and fishery products increased 7.1 percent over the same period last year to US$13.34 billion. The most imported items comprised fertilizer, pesticide, maize and soybean and livestock feed products.

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