The agro-forestry-fishery sector raked in an estimate 3.64 billion USD from exports in August, raising the total value in the first eight months of the year to 26.6 billion USD, up 1.6 percent year on year.
According to the Ministry of Agriculture and Rural Development, best performers in the period include wood and wood products, shrimp, coffee, rice, fruits, tra fish, and rubber.
Key farm products brought in 12.4 billion USD, accounting for 46.7 percent of the total export revenue, while key forestry products and seafood earned 7.08 billion USD and 5.52 billion USD, making up 26.6 percent and 20.8 percent of the total value, respectively.
Meanwhile, the country spent 20.54 billion USD on agro-forestry-fishery imports in the eight-month period, decreasing 1.2 percent from the same time last year.
The ministry said that export of farm produce will face tough seas in the coming time due to fierce competition and increasing trade barriers brought by escalating trade war between large economies and the rise of trade protectionism.-VNA
