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ECONOMYTRADE - SERVICE

Agro-forestry-fishery exports fetch nearly $29.8 billion

Updated at Friday, 27 Oct 2017, 13:25
The Hanoitimes - Vietnam’s exports of agricultural, forestry and fishery products in October hit an estimated value of US$2.74 billion, bringing the total in ten months of the year to $29.76 billion.
The Ministry of Agriculture and Rural Development reported that the amount increased by 12.7 percent year-on-year.
Of the total, farm produce made up $15.62 billion, up 15.2 percent year-on-year; seafood contributed $6.73 billion, up 17.6 percent; and forestry products represented $6.44 billion, up 9.9 percent.
Caption: Vietnam’s exports of agricultural, forestry and fishery products in the past ten months rose nearly 13 percent year-on-year.
Vietnam’s exports of agricultural, forestry and fishery products in the past ten months
rose nearly 13 percent year-on-year.
Among farm produce, rice exports increased both in volume and value. Up to 430,000 tons of rice, worth $206 million, was shipped abroad in October, raising the ten-month volume to 5 million tons and value to $2.25 billion, up 22.3 per cent and 21.1 per cent year on year, respectively. China and Philippines were the two leading importers of Vietnamese rice.
October also saw the country to earn $164 from shipping abroad 71,000 tons of coffee. The ten-month volume and value of the item were 1.17 million tons and $2.69 billion, down 22.7 percent in volume and 2.5 percent in value.
Rubber exports hit 95,000 tons worth $149 million in October, raising the ten-month figures to over 1 million tons and $1.77 billion, up 5.7 percent and 40.6 percent year on year, respectively.
The shipment of cashew nuts surged to 31,000 tons, worth $309 million in the month, helping the total volume shipped abroad in the ten months to 257,000 tons worth $2.87 billion, falling 0.4 percent in volume, yet gaining 23.1 percent in value from the same period of 2016.
Tea exports were estimated at 114,000 tons with a value of $184 million in the reviewed period, up 10.7 percent and 8.5 percent, respectively.
Vietnam shipped $2.84 billion worth of vegetables and fruits in the first ten months of 2017, up 41.2 percent year on year. China, Japan, the US and the Republic of Korea were the four leading importers of Vietnamese vegetables and fruits, accounting for a combined total of 85 percent of the export value.
The ministry also reported that Vietnam spent $21.15 billion on importing agro-forestry-aquatic products in the first ten months, up 19 percent from the same period last year.
​Anh Hong
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