Agricultures, Foods, News & Event
There are up to 11 types of agricultural products in Vietnam, earning more than 1 billion USD, and the agricultural trade surplus has made a miracle
According to Minister of Agriculture and Rural Development Le Minh Hoan, the trade surplus of agriculture – forestry – fishery in 2022 accounts for more than 75% of the total trade surplus value of the whole economic sector, showing the vitality from the internal resources of the large Vietnamese business community and how precious.
The trade surplus of agriculture, forestry and fishery accounts for 75% of the total trade surplus of the whole economic sector
According to statistics of the General Department of Customs, in 2022, the export turnover of goods is estimated at 371.85 billion USD, up 10.6% compared to the previous year., the trade balance of goods in December is estimated to have a trade surplus of 0. $0.5 billion, for the whole year of 2022, the trade balance of goods is estimated to have a trade surplus of $11.2 billion (in 2021, a trade surplus of $3.32 billion).
Notably, the trade surplus of agricultural, forestry and fishery products in 2022 accounts for more than 75% of the total trade surplus value of the whole economic sector.
Accordingly, the export of agricultural, forestry and fishery products in 2022 achieved a record high of 53.22 billion USD, up 9.3% compared to 2021; in which main agricultural products reached 22.59 billion USD, up 4.8%; main forest products reached USD 16.93 billion, up 6.1%; seafood reached 10.92 billion USD, up 22.9%. Trade surplus of agriculture, forestry and fishery is estimated at 8.5 billion USD, up 30% compared to 2021.
Within the agricultural sector, the forestry sector is having the largest trade surplus with over 14 billion USD of the total export value of forest products of 16.3 billion USD.
“The trade surplus of agriculture – forestry – fishery in the past year accounted for more than 75% of the total export value of the whole economic sector, showing how great and admirable the vitality from the internal resources of the Vietnamese business community is.” Minister Le Minh Hoan affirmed.
Many types of agricultural products simultaneously increased prices
In 2022, in the context of many fluctuations in the world market, the Ministry of Agriculture and Rural Development has closely coordinated with the Ministry of Industry and Trade to implement mechanisms and policies for trade promotion, open-door negotiation and development. market to promptly solve problems to promote the export of agricultural, forestry and fishery products; responding to the impact of the Covid-19 epidemic and the Russia-Ukraine military conflict, which disrupted the global agricultural supply chain.
Actively research, forecast and take advantage of opportunities from free trade agreements to promote agricultural exports; promote circulation, border trade, grasp the situation of production, processing and consumption of agro-forestry-fishery products.
In addition, the Ministry also cooperates with Vietnamese embassies, trade counselors and agricultural counselors in other countries to build channels for exchanging and providing information on export markets, enhancing promotion and advertising. In the form of online promotion (online) for products that have been opened and officially exported to markets associated with the Government’s and Ministry’s diplomatic activities into major markets (China, US, EU, Russia, Brazil) and effectively exploit potential markets (Japan – Korea, Asean, Australia – New Zealand, Middle East).
Preparing to organize a trade delegation to promote the supply chain of fruits and seafood in China. Negotiating and completing procedures for exporting mango and chicken to Korea, pomelo and lemon to Newzealand; feathers, oats and products from oats, milk and dairy products, durian, sweet potato,… to China; honey to the EU; Surveying the planting area, the factory irradiated so that fresh pomelo (citrus maxima) is the 7th fruit of our country allowed to be imported into the US market.
As a result, in 2022, there will be 11 groups of products with export turnover of over $1.0 billion, of which there are 08 products/product groups with a turnover of over $2 billion (coffee, rubber, rice, vegetables) fruit, cashew, shrimp, pangasius, wood products), including 07 items with a turnover of more than 03 billion USD (wood and wood products reached 10.92 billion USD; shrimp 4.33 billion USD; coffee 3, 94 billion USD; rice 3.49 billion USD; rubber 3.31 billion USD; vegetables 3.34 billion USD; cashew nuts 3.07 billion USD).
According to Minister Le Minh Hoan, the achievements in 2022 of the agricultural sector recognize the great contribution of associations and the agricultural business community.
The statistics of export turnover of each category are crystallized from the sweat and efforts of farmers along with “white nights” to balance the costs, revenue and profit of each shipment of businesses.
According to Minister Le Minh Hoan, entering the new year, according to many forecasts, the world economy is still evolving with many challenges. But we can turn the “impossible” into the “possible”, if we persevere, have different beliefs and approaches.
“It is possible” is to restructure the business to adapt to new trends. “It is possible” is to restructure the market, both for export and for the domestic market with 100 million people. “It is possible” is to restructure product lines in line with the trend of green consumption – Minister Le Minh Hoan affirmed.