Exports in agro-aqua-forestry products touch US$18.1 billion

Ministry of Agriculture and Rural Development on Monday said that export turnover of agro-aqua-forestry products this year have reached US$18.1 billion, an increase of 9.7 percent year-on-year.

Ministry of Agriculture and Rural Development on Monday said that export turnover of agro-aqua-forestry products this year have reached US$18.1 billion, an increase of 9.7 percent year-on-year.

Cashew nuts being processed for export (Photo: SGGP)
Cashew nuts being processed for export (Photo: SGGP)

In August alone, export turnover of these products is expected to touch $2.35 billion.

In the first eight months of this year, exports of agro products increased by 6.3 percent compared to the same period last year, to reach $10 billion.

Similarly, export of aqua products rose by 6.4 percent to touch $4 billion and forestry products rose 19.8 percent to touch $3.15 billion.

According to the ministry, the export value of most agro-aqua-forestry products has been on an increasing momentum, except rice and rubber where exports have faced a lot of difficulties.

Vietnam has exported 5.5 million tons of rice in the first eight months, yielding a total value of US$2.48 billion. This is up 0.5 percent in quantity but down 8.5 percent in value year-on-year.

China has become the largest export market for Vietnam with an increase of 5.2 times in volume and 4.4 times in value compared to the same period last year.

Rice export has reduced in both volume and value in other markets like the Philippines, Indonesia and Singapore.

Other news