Agro-forestry-fishery exports enjoying a 30% increase
Thursday 27, 08 2020
The total export value of agriculture, forestry and fishery in the 2 beginning months of 2018 reached USD6.1 billion, up 30.2% over the same period of 2017.
According to the Ministry of Agriculture and Rural Development, export turnover of agricultural, forestry and fishery products in February is estimated at USD2.6 billion, making the total export value in the first two months reached USD6.1 billion, up 30.2% over the same period of 2017.
Specifically, the value of exports of major agricultural products is estimated at USD3.3 billion, up 27.8%; that of aquatic and forestry products are estimated at nearly USD1.2 billion (up 29.5%) and USD 1.43 billion (up 28.5%) respectively. Other items’ export turnover reached USD237 million, up 107.1%.
In February, rice export is expected to reach 369,000 tons with a value of USD179 million. Thus, in the first two months of this year, rice export was estimated at 861,000 tons valued at USD419 million, up 17.2% in volume and nearly 34% in value over the same period last year.
Following the increasing trend in both export quantity and value are coffee, tea, cashew nuts, vegetables, cassava and cassava products.
Among agricultural products, cashew nut has the highest growth rate. In the first two months of the year, cashew nut exports reached 54,000 tonnes (up over 73%) at USD555 million, up nearly 95% over the same period of 2017. Following is the fruit and vegetable, which maintains a healthy growth rate of 59.5% (USD672 million).
Rubber and pepper have seen an increase in output but decrease in value as the export prices of these commodities decreased. In 2 months, rubber export reached 238,000 tons (up 29.5%), with USD348 million (down 6.4% over the same period in 2017); pepper reached 30,000 tons (up 36.5%), with USD121 million (down nearly 21%).
Ministry of Agriculture and Rural Development informed that in February, import value of agricultural, forestry and fishery products reached USD2.53 billion, making the total import value in the first two months reach USD5.29 billion, increasing 30.6% over the same period of 2017; Imports of major agricultural products were estimated at USD4.12 billion, an increase of 33.3% over the same period in 2017.
The trade surplus reached USD819.3 million, up 27.7% over the first two months of 2017.