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Agro-forestry-aquatic products post trade surplus of 4.63 billion USD in H1

Vietnam’s agro-forestry-aquatic product exports raked in 24.59 billion USD in the first six months of 2023, down 11.1% year on year while the country's imports reached 19.96 billion USD, resulting in a trade surplus of 4.63 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).
Agro-forestry-aquatic products post trade surplus of 4.63 billion USD in H1 ảnh 1Vietnamese durian has been officially exported to China. (Photo: VNA)
Hanoi (VNA) – Vietnam’s agro-forestry-aquaticproduct exports raked in 24.59 billion USD in the first six months of2023, down 11.1% year on year while the country's imports reached 19.96 billionUSD, resulting in a trade surplus of 4.63 billion USD, according tothe Ministry of Agriculture and Rural Development (MARD).

Currently, five products with the highesttrade surplus include wood and wood products with a trade surplus of 4.95billion USD, down 27.9% compared to the figure of the same period of last year;coffee (2.33 billion USD, up 2.1%); fruits and vegetables (1.85 billion USD,up 2.3 times); rice (1.84 billion USD, up 36.3%); and shrimp (1.28 billion USD,down 36.6%).

Meanwhile, five products with the highesttrade deficit include animal feed and raw materials with a trade deficit of1.97 billion USD, down 4.6%; processed products from crops (1.45 billion USD,up 14.2%); cotton (1.43 billion USD, down 21.3%); corn (1.21billion USD, down 23.7%); and wheat (993 million USD, up 19.9%).

According to the MARD, in the first half ofthis year, the main group of agricultural products brought home 12.79billion USD, up 12%. The exports of livestock products reached 232 million USD,up 26.5%. Aquatic and forestry products still witnessed a deep decline withexport value of 4.13 billion USD, down 27.4% and 6.5 billion USD, down 28.2%,respectively.

Up to now, the agriculture sector has had only seven products and groups of products with export value reaching over 1 billion USD each, including coffee, rubber, rice, fruits and vegetables, cashew nuts, shrimp, and woodproducts.

Regarding export markets, China, the US, andJapan continued to be the three largest export markets of Vietnam'sagro-forestry-aquatic products. Particularly, the exportvalue to China enjoyed a positive growth of 7.7% while the export value to the US andJapan decreased by 32.9% and 5.3%, respectively./.
VNA
#agro-forestry-aquatic products #Ministry of Agriculture and Rural Development #trade surplus #fruits and vegetables #trade deficit #export markets #updated Vietnam news #Vietnamplus #Vietnam News Agency
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