Vietnam’s export of agricultural, forestry and fisheries products reached 10.13 billion USD in the first seven months of this year, up by 14 percent over the same period last year.

The country’s export of its core agricultural products in the review period reached 5.35 billion USD, up by 8 percent year-on-year, while its export of fisheries and forestry products were 2.45 billion USD, up by 12 percent and 1.9 billion USD, a rise of over 31 percent, respectively.

Rubber leads the list of the country’s main agricultural products exported in the first seven months of this year, with 299,000 tonnes earning 821 million USD, up by 71 percent in value and down by 10.4 percent in volume over the same period last year. This is attributed to the rubber export price doubling in the first five months to 2,744 USD per tonne in comparison with the same period last year.

It was followed by pepper at 87,000 tonnes worth 274 million USD, up by 5 percent in volume and 42 percent in value thanks to a sharp increase in major markets such as the US with a rise of 58 percent and Germany at 56 percent. The average price of exported pepper in the first half of this year grew by over 35 percent.

The export of other agricultural products such as cashew nuts, tea and rice also saw positive outcomes. In the first seven months of this year, the country exported 100,000 tonnes of cashew nuts worth 531 million USD, a year-on-year increase of 5.38 percent in volume and 23 percent in value.

Tea accounted for 65,000 tonnes, worth 91 million USD, down by 4 percent in volume and up by 6 percent in value due to Pakistan, Vietnam’s leading tea importer, taking only 60 percent compared to the same period last year.

The country earned 2 billion USD from exporting 4 million tonnes of rice in the reviewed period, a drop of nearly 5 percent.

Coffee also saw a reduction in both volume and value due to the export price falling by 6 percent. The country exported 754,000 tonnes, down by 4.3 percent, earning about 1 billion USD, down by 9 percent in the reviewed period.

Regarding the export of fisheries products, shrimp lead the list of the country’s key seafood exports with 717 million USD, accounting for 35 percent of the sector’s export turnover, followed by tra and basa fish with a turnover of 650 million USD.
The EU remained the country’s biggest export market for seafood with 512 million USD in turnover. It was followed by Japan with 373 million USD.

In the first seven months of this year, Vietnam spent 7.52 billion USD, 33 percent more than the same period last year, on imported agricultural, forestry and fisheries raw materials./.