Exports of agro-forestry-aquatic products down nearly 5% in January

Despite an overall decline, some commodities recorded growth in export value despite lower shipment volumes.

Wood processing. (Photo: VNA/VNS)
Wood processing. (Photo: VNA/VNS)

Hanoi (VNA) – Vietnam’s export value of agro-forestry-aquatic products was estimated at 5.08 billion USD in January, marking a 4.9% decline compared to the same period last year, according to the Ministry of Agriculture and Rural Development (MARD).

Of which, the export revenue of farm produce reached 2.64 billion USD, down 6.2% year-on-year; livestock products, 39 million USD, down 9.3%; aquatic products, 750 million USD, up 0.3%; and forestry products nearly 1.5 billion USD, down 4.8%.

Several key agricultural exports saw a decline in value compared to January last year. Notably, fruit and vegetable exports were estimated at 400 million USD, representing a year-on-year decrease of 18.1%.

Despite an overall decline, some commodities recorded growth in export value despite lower shipment volumes.

Coffee exports were estimated at 140,000 tonnes, generating 763 million USD, a 41.1% drop in volume but a 5% increase in value compared to January 2024. The average export price of Vietnamese coffee in January reached 5,450 USD per tonne, surging 78.5% year-on-year. Rubber exports totaled 180,000 tonnes, valued at 341 million USD, reflecting a 14.5% decline in volume but a 14.6% increase in value.

Asia remained Vietnam’s largest export market for agricultural, forestry, and aquatic products, accounting for 47.9% of total exports, followed by Americas (23.8%), Europe (11.4%), Africa (1.8%) and Oceania (1.5%).

Exports to the Americas, Asia, and Europe witnessed a decline in January. Typically, exports to the American region hit 1.21 billion USD, down 3.5%; Asia 2.43 billion USD, down 1.8%; Europe 577 million USD, down 16.2%. Meanwhile, exports to Africa surged 31.3%, while shipments to Oceania saw a modest increase of 0.2%.

According to the MARD, import value of agro-forestry-aquatic products in January reached 3.9 billion USD, marking an 11.9% increase year-on-year./.

VNA

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