The combined export value of main agricultural products was estimated at 18.5 billion USD in 2019, down 5.3 percent year on year, according to the Ministry of Agriculture and Rural Development.
In the first six months of 2019, Vietnam’s import-export turnover exceeded 200 billion USD. However, poor market conditions have significantly affected the prices of many key exports.
Export revenues of agro-forestry-fishery products in April is estimated to hit 3.5 billion USD, pushing the figure in the first four months of this year to 12.4 billion USD, equivalent to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
The elimination of many tariff lines for goods under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam’s exports to Japan increase sharply in the first quarter of 2019, according to the General Department of Vietnam Customs.
Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.
Vietnam exported 531 million USD worth of goods to Indonesia in the first 10 months of this year, up 6.8 times compared with the same period in 2017, according to the General Department of Vietnam Customs.
Vietnam’s export earnings from agro-forestry-aquatic products are likely to exceed 40 billion USD this year after reaching 15.6 billion USD in the first five months, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
The total export value of agro-forestry-fishery products in the first five months of the year reached 15.6 billion USD, a year-on-year surge of 9.9 percent, according to the Ministry of Agriculture and Rural Development.
A Vietnam - the Republic of Korea (RoK) business exchange was held in Hanoi on March 22, aiming to introduce Vietnam’s agricultural products to two major retail firms of the RoK – K-holdings and Coupang.
Export turnover of agro-forestry-aquatic products in Feb was estimated at 2.6 billion USD, raising the total value in the first two months of 2018 to 6.1 billion USD.
Vietnam gained its highest ever seafood export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the Ministry of Agriculture and Rural Development.
Agro-forestry-fishery exports were estimated to reach 2.69 billion USD in November, pushing total figure so far this year to 29.1 billion USD, a rise of 5.9 percent over the same period last year.
Vietnam earned an estimated 1.95 billion USD from exports of
agro-forestry-fishery products in January, a year-on-year decline of
13.8 percent, according to the Ministry of Agriculture and Rural
Development.
The average prices of many key export items such as farm-aquatic produce
and minerals are dropping, posing great challenge to the country in its
bid to raise export value by 10 percent this year, according to the
Ministry of Industry and Trade (MoIT).
Vietnam’s export, import revenues reached 33.346 billion USD and 32.339
billion USD respectively in the first quarter of this year, resulting in
a trade surplus of more than 1 billion USD, the Vietnam Economic News
reported on April 7.
Fearing that the large scale cassava cultivation would lead to the
deforestation and the soil degradation, the Binh Dinh provincial
authorities have decided to put the cassava cultivation programme under
the control.
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