In 11 months, the agricultural sector had a trade surplus of nearly 16.5 billion USD.

Vietnam has 7 agricultural, forestry and fishery products with a trade surplus of over 1 billion USD.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the export turnover of agricultural, forestry and fishery products in November is estimated at 5.3 billion USD, up 13.9% over the same period last year. Thus, the total export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, up 19% over the same period in 2023.

In particular, the trade balance of Vietnam’s agricultural, forestry and fishery products achieved a surplus of 16.46 billion USD, up 52.8% over the same period last year.

By commodity group, forestry products, fishery products and agricultural products are the 3 commodity groups with a trade balance in surplus. Specifically, the forestry products group is estimated to achieve a surplus of 13.05 billion USD, up 18.7% over the same period in 2023; The seafood group had a surplus of 6.88 billion USD, up 17.5%, and the agricultural group had a surplus of 4.72 billion USD, up 3.1 times.

By product, Vietnam has 7 agricultural, forestry and fishery products with a trade surplus of over 1 billion USD, including: wood and wood products with a surplus of 12.11 billion USD, up 19.4% over the same period last year; vegetables and fruits with 4.56 billion USD, up 33.9%; coffee with 4.53 billion USD, up 30.5%; rice with 4.07 billion USD, up 14.6%; shrimp with 3.19 billion USD, up 20.5%; tra fish with 1.72 billion USD, up 10.1%; and pepper with a surplus of 1.07 billion USD, up 43.5%.

In 11 months, the export value of agricultural products reached 29.78 billion USD, up 23.2%; livestock products reached 475.5 million USD, up 4.4%; aquatic products reached 9.2 billion USD, up 11.8%; forestry products reached 15.59 billion USD, up 19.6%…

Evaluating the achievements of the industry in export up to this point, Deputy Minister Phung Duc Tien said that the results came from agricultural products such as rice, vegetables, coffee, pepper…

The volume and value of rice exports in November are estimated at 700,000 tons with 444.9 million USD, bringing the total volume and value of rice exports in 11 months to nearly 8.5 million tons with 5.31 billion USD, up 10.6% in volume and 22.4% in value compared to the same period in 2023. This is the first time the agricultural sector has achieved the output and value of exported rice.

The Philippines is Vietnam’s largest rice consumer market with a market share of 46.1%. Indonesia and Malaysia are the next two largest markets with market shares of 13.5% and 8.2%, respectively. Among the 15 largest rice exporting markets, the export value of rice increased the most in the Malaysian market with an increase of 2.2 times; the market with the sharpest decrease in export value was China with a decrease of 71.3%.

The export value of fruits and vegetables in November is estimated at 500 million USD, bringing the total export value of fruits and vegetables in 11 months to 6.66 billion USD, up 28.2% over the same period in 2023. China is currently the largest consumer of Vietnamese fruits and vegetables with a 66.5% market share, reaching 4.1 billion USD, up 28.7% over the same period in 2023. The next two largest fruit and vegetable export markets are the United States and South Korea with market shares of 4.7% and 4.3%, respectively.

The export value of fruits and vegetables increased in 14 out of 15 major export markets, with the strongest increase in the German market at 73.6%. The Netherlands is the only important market with a decrease in export value at 26%.

Coffee exports have so far reached nearly 1.2 million tons with 4.84 billion USD; Although it decreased by 15.4% in volume, it increased by 32.8% in value compared to the same period in 2023. This was achieved because the average export price of coffee reached 4,037 USD/ton, an increase of 56.9% compared to the same period in 2023.

Germany, Italy and Spain are the 3 largest coffee consuming markets of Vietnam with market shares of 11%, 8.1%, and 8% respectively. Coffee exports grew in all markets in the group of 15 largest export markets, of which the strongest increase was in the 2 markets of Malaysia (up 2.2 times) and the Philippines (up 2.1 times) and the lowest increase was in the Belgian market with an increase of 8.6%.

In terms of export markets, Asia is the largest export market for Vietnam’s agricultural, forestry and fishery products, accounting for 48.2%. The next two largest markets are the Americas and Europe, with market shares of 23.7% and 11.3%, respectively. The market shares of the two regions of Africa and Oceania are small, accounting for 1.8% and 1.4%, respectively. Compared to the same period last year, the estimated export value of Vietnam’s agricultural, forestry and fishery products to Asia increased by 16.1%; the Americas increased by 23.6%; Europe increased by 30.4%; Africa increased by 4.4%; and Oceania increased by 13.9%. In terms of detailed export markets, the United States with a market share of 21.7%, China 21.6% and Japan 6.6% are the three largest export markets for Vietnam’s agricultural, forestry and fishery products. Compared to the same period last year, the estimated export value of agricultural, forestry and fishery products to the US market increased by 24.6%, to China by 11%, and to Japan by 5.5%.

Source: https://bnews.vn/11-thang-nganh-nong-nghiep-xuat-sieu-gan-16-5-ty-usd/355522.html