Agricultural exports in 10 months brought in more than 43 billion USD

(PetroTimes) – In the first 10 months of the year, China, the United States and Japan continued to remain the three largest export markets of Vietnamese agriculture products.

The Ministry of Agriculture and Rural Development (MARD) said that in October 2023, agricultural, forestry and fishery export turnover is estimated to reach 4.81 billion USD, up 7.43% compared to September 2023 and increasing. 11.9% compared to October 2022.

Of which, the agricultural product group is estimated to reach 2.47 billion USD, an increase of 31.1% compared to October 2022; livestock is estimated to reach 40 million USD, an increase of 6%; Forest products are estimated at 1.28 billion USD, down 0.2%; seafood is estimated at 850 million USD, down 5.9%; Production inputs are estimated at 162 million USD, down 12.3%.

Overall, in the first 10 months of 2023, the total export turnover of agricultural, forestry and fishery products is estimated to reach 43.08 billion USD, down 4.2% over the same period last year.

Of which, the seafood group is estimated at 7.45 billion USD, down 20.5%; Forest products are estimated at 11.65 billion USD, down 19.3%; Production inputs are estimated at 1.64 billion USD, down 20.3%.

The agricultural products group alone is estimated at 21.94 billion USD, an increase of 17% over the same period and contributed by the export value of the fruit and vegetable group estimated at 4.91 billion USD, an increase of 78.9%; Rice exports are estimated at 3.97 billion USD, up 34.9%; Cashew nut exports reached 2.92 billion USD, an increase of 14.8%.

In addition, the export of livestock products is estimated to reach 402 million USD, up 22% over the same period.

The average export price of some main agricultural products in the first 10 months of 2023 is as follows: Export rubber price is estimated at 1,330 USD/ton, down 17.3%; export tea price 1,710 USD/ton, up 6.3%; Cashew export price is estimated at 5,693 USD/ton, down 5%; Pepper export price is estimated at 3,339 USD/ton, down 23.4%; Export price of cassava and cassava products is 425 USD/ton, down 3.3%…

The export price of rice alone is estimated at 558 USD/ton, up 15.3% and coffee 2,527 USD/ton, up 10.3% over the same period last year.

Regarding markets, in the first 10 months of the year, China, the United States and Japan continued to remain the three largest export markets; Of which, the export value to the Chinese market accounted for 22.8%, an increase of 16.2%; The United States accounted for 20.6%, down 20.8% and Japan accounted for 7.5%, down 8.5%.

According to the Ministry of Agriculture and Rural Development, in October, the domestic commodity market remained stable, supply was guaranteed, and prices did not fluctuate abnormally. Particularly, rice prices tend to increase.