Sharp reduction seen in exports of major agricultural products

Exports of agricultural, forestry and fishery products were valued at USD2.55 billion in October, bringing the figure for the first ten months this year to USD24.61 billion, down 3.8% over a year earlier, reported the Ministry of Agriculture and Rural Development.

Exports of agricultural, forestry and fishery products were valued at USD2.55 billion in October, bringing the figure for the first ten months this year to USD24.61 billion, down 3.8% over a year earlier, reported the Ministry of Agriculture and Rural Development.

Of this, export value of major agricultural products reached an estimated USD11.51 billion, a year-on-year reduction of 6.1% with sharp declines recorded in coffee (31.4%), rubber (15.8%) and rice (11.7%).

Sharp reduction seen in exports of major agricultural products

Meanwhile, cashew and pepper exports witnessed positive growth during the period. The country shipped 272,000 tonnes of cashews, valued at USD1.97 billion, up 6.3% in volume and 18% in value year on year.

In spite of seeing a 19.6% decrease in export volume at 117,000 tonnes, pepper still enjoyed a 0.5% surge in export value at USD1.11 billion.

Seafood exports in the ten months represented a year-on-year 17.7% decrease in value at USD5.37 billion. The US continued to be the biggest importer of Vietnam’s seafood products with 19.43% of the country’s seafood export turnover.

For wood and wooden products, export turnover was estimated at USD5.47 billion from the start of the year, up 7.9% in comparison to the same period last year. The US, Japan and China were the three biggest importers of Vietnam’s commodities, making up 67.2% of the total./.

( Hoang Quan )

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