By the end of October Vietnam hadearned only 13.7 billion USD from agricultural, forestry and aquaticexports, down 8.9 percent from the same period last year despiteconsiderable larger volumes.
The drop is mainly due to a fall in the export prices of these productson the world market, which is a direct result of the global economiccrisis.
Statistics from the Ministry of Agriculture and Rural Developmentreport that export earnings from forestry products posted the largestfall of 14 percent from a year ago to 2.1 billion USD, followed by farmproduce, 10.4 percent and 6.6 billion USD; and aquatic products, 9.6percent and 3.5 billion USD.
The export volume and value of agricultural and forestry products movedin opposite directions during the January-October period.
Rice exports rose by over 33 percent to nearly 5.4 million tonnes butits export value fell by nearly 7.7 percent to nearly 2.4 billion USD.
Other farm produce was in same boat. Noteworthy was coffee - thecountry’s second biggest currency earner after rice in the agriculturalsector – which saw a drop of 17 percent in value but an increase ofnearly 17 percent in volume.
Rubber exports in this period plunged 61 percent to 840 million USD.Even when rubber price is rising towards the end of the year, totalrubber export value is expected to top 1 billion USD for this year, 600million USD less than last year’s figure.
However, tea, pepper and cassava exports have seen rises both in volumeand value. Tea posted the highest increase of all, reaching 11,000tonnes in volume, tonnes in volume, up 23 percent and 145 million USDin value, up nearly 15 percent year on year. Vietnam exports tea to 110countries and territories worldwide and is ranked as one of the world’stop five tea exporters.
In terms of seafood exports, reductions in the export value totraditional seafood markets including Japan, the Republic of Korea andthe US has pulled down the country’s total export turnover from seafoodby 9.6 percent to nearly 3.5 billion USD.
Imports of materials that serve the production and processing ofagricultural, forestry and aquatic exports including fertilisers,pesticides, timber and animal foodstuffs, had by the end of October,dropped 8 percent to 8.4 billion USD./.
The drop is mainly due to a fall in the export prices of these productson the world market, which is a direct result of the global economiccrisis.
Statistics from the Ministry of Agriculture and Rural Developmentreport that export earnings from forestry products posted the largestfall of 14 percent from a year ago to 2.1 billion USD, followed by farmproduce, 10.4 percent and 6.6 billion USD; and aquatic products, 9.6percent and 3.5 billion USD.
The export volume and value of agricultural and forestry products movedin opposite directions during the January-October period.
Rice exports rose by over 33 percent to nearly 5.4 million tonnes butits export value fell by nearly 7.7 percent to nearly 2.4 billion USD.
Other farm produce was in same boat. Noteworthy was coffee - thecountry’s second biggest currency earner after rice in the agriculturalsector – which saw a drop of 17 percent in value but an increase ofnearly 17 percent in volume.
Rubber exports in this period plunged 61 percent to 840 million USD.Even when rubber price is rising towards the end of the year, totalrubber export value is expected to top 1 billion USD for this year, 600million USD less than last year’s figure.
However, tea, pepper and cassava exports have seen rises both in volumeand value. Tea posted the highest increase of all, reaching 11,000tonnes in volume, tonnes in volume, up 23 percent and 145 million USDin value, up nearly 15 percent year on year. Vietnam exports tea to 110countries and territories worldwide and is ranked as one of the world’stop five tea exporters.
In terms of seafood exports, reductions in the export value totraditional seafood markets including Japan, the Republic of Korea andthe US has pulled down the country’s total export turnover from seafoodby 9.6 percent to nearly 3.5 billion USD.
Imports of materials that serve the production and processing ofagricultural, forestry and aquatic exports including fertilisers,pesticides, timber and animal foodstuffs, had by the end of October,dropped 8 percent to 8.4 billion USD./.
