Business

Trade surplus from agro-forestry-fisheries hit 1.37 billion USD in two months

Import-export value of agro-forestry-fisheries products hit nearly 11 billion USD in the first two months of 2021, resulting in 1.37 billion USD in trade surplus, up 28.4 percent year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Trade surplus from agro-forestry-fisheries hit 1.37 billion USD in two months ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Import-export value of agro-forestry-fisheriesproducts hit nearly 11 billion USD in the first two months of 2021, resultingin 1.37 billion USD in trade surplus, up 28.4 percent year on year, accordingto the Ministry of Agriculture and Rural Development (MARD).

The ministry reported that a year-on-year rise was recordedin the export value of many products such as rubber, tea, cashew, vegetablesand fruit and forestry products.

In the first two months of this year, the US remained thelargest market of Vietnamese agro-forestry-fisheries products with 2.04 billionUSD, up 57.3 percent year on year and accounting for 33.05 percent of themarket share. It was followed by China, ASEAN, the EU, Japan and the Republicof Korea.

The export value of aquatic products reached 405 million USDin February, pushing the figure in the first two months of 2021 to over 1billion USD, up 2.2 percent over the same period last year, reported theVietnam Association of Seafood Exporters and Producers (VASEP).

According to the association, exports of tra fish saw positive signals sincethe beginning of this year after consecutive drops in 2020, with a 1.7 percentrise in the first two months of 2021 to 214 million USD.

In January, excepting for China and the EU, upturn was seen in the majority ofmarkets of Vietnamese tra fish, including the US with 51 percent, Mexico 73percent, Australia 45 percent and Canada 42 percent. Other markets such asBrazil, Colombia, the UK and Russia also experienced an increase of 37-129percent.

Meanwhile, shrimp export in February was estimated at 160 million USD, down 18percent year on year, resulting in over 380 million USD in the first two monthsof 2021, a slight annual fall of 0.8 percent.

At the same time, seafood exports rose 31.4 percent to 264 million USD inJanuary but dropped 21 percent to 156 million USD in February, resulting in thetwo-month export value of 420 million USD, up 5.5 percent.

The VASEP said that in the first two months of this year, exports of Vietnameseaquatic products were affected by demands of markets amidst COVID-19 pandemic.

The association forecast that aquatic export value in March will reach about640 million USD, up 1.5 percent over the same period last year thanks to highdemand in the US, EU and members of the Comprehensive and Progressive Agreementfor Trans-Pacific Partnership (CPTPP)./.
(VNA)
#Ministry of Agriculture and Rural Development (MARD) #agro-forestry-fisheries #rubber #tea #cashew #vegetables #VASEP #Vietnam #Vietnam news #Vietnam News Agency
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