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ECONOMYTRADE - SERVICE

Exporting agricultural products reach new record

Updated at Tuesday, 28 Nov 2017, 12:46
The Hanoitimes - According to the Ministry of Agriculture & Rural Development, by the end of November 2017, export value of agricultural products reached 33.14 billion USD, up 13.8% compared to the same period in 2016.
Contributing to this record number is due to some main agricultural products such as fisheries, vegetables, rice or rubbers. In which, vegetables have the highest increasing rate in export. According to report, Vietnam’s export value of agricultural products in the first 11 months reached 3.16 billion USD, up 43.2% compared to the same period of 2016. While in November, the export value of vegetable is 292 million USD. 


China, Japan, US and Korea are the 4 main export markets of Vietnam’s vegetables in the first 10 months of 2017 with the market shares of 75.6%, 3.6%, 2.9% and 2.6% respectively. In the first 10 months of 2017, markets with high growing rate of vegetable export are Japan (67.6%), UAE (56.9%) and China (52.7%).

Rice is also one of the product with high growth rate, as the amount of rice exported in November reached 389,000 tons with value of 192 million USD, taking the total amount of rice export in the first 11 months if 2017 reached 5.49 million tons with value of 2.48 billion USD, up 23.4% in quantity and increasing 24.2% in value compared to the same period of 2016. China continues to be the leading import market for Vietnam’s rice in the first 10 months of 2017 with 39.8% market shares. 

While for rubber, due to the increase in price (average price for rubber export in 10 months of 2017 reached 1,680.4 USD per ton, up 32.6% compared to the same period of 2016), with growing demand, the amount of rubber exported in the first 11 months of 2017 reached 1.21 million tons with 2.01 billion USD, up 8.2% in quantity but 38.9% in value compared to the same period of 2016. 

In November, the amount of rubber export is estimated at 143,000 tons with value of 210 million USD. China, Malaysia, and India are the 3 biggest rubber market of Vietnam in the first 10 months of 2017, with market shares of 63.1%, 5.7% and 4.0% respectively. 

Fisheries are also the spotlight of Vietnam’s export with export value in the first 11 months of 2017 at 728 million USD, taking the amount of fisheries exported in 11 month to 7.57 billion USD, up 18.3% compared to the same period of last year. 

US, Japan, China and Korea are the 4 main import market of Vietnam’s fisheries in the first 10 months of 2017, contributing to 58.2% of total export value. In the first 10 months of 2017, market with high growing export value are China (67.9%), Netherlands (47.5%), England (35%), Korea (29.5%), Japan (22.2%) and Canada (22.7%). 

Besides, other main export products of Vietnam with slight increase are tea (up10% in quantity and 8.9% in value), cashew (up 1% in quantity and 23.2% in value), wood (up 10.5% in quantity). 
Ngoc Thuy
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