Business

Vietnam enjoys 87 percent growth in agricultural trade surplus

Foreign trade of agricultural, forestry and aquatic products reached 14.2 billion USD in the first two months of 2022, a year-on-year increase of 15.8 percent, according to the Ministry of Agriculture and Rural Development.
Vietnam enjoys 87 percent growth in agricultural trade surplus ảnh 1Export of wood and timber products increases 15.5 percent in the first two months of this year. (Photo: VNA)
Hanoi (VNA) – Foreign trade of agricultural,forestry and aquatic products reached 14.2 billion USD in the first two monthsof 2022, a year-on-year increase of 15.8 percent, according to the Ministry ofAgriculture and Rural Development.

Revenue of these exports was estimated at 8 billion USD,up 20.9 percent year-on-year, while imports exceeded 6.2 billion USD, up 10percent.

So far this year, Vietnam has enjoyed 1.8 billion USD in trade surplus inagriculture, forestry and fishery, 86.7 percent higher than last year’s figure.

From January-February, shipments of key agriculturalproducts totalled over 3.2 billion USD, up 10.2 percent. Aquatic exports saw asignificant surge of 47.2 percent to 1.5 billion USD. Forestry exportsalso increased 17 percent to nearly 2.9 billion USD during the period. Animalproducts, meanwhile, slid 3.5 percent to just 54.1 million USD.

Exports posting high growth included coffee (36percent), rice (22 percent), pepper (44 percent), tra fish (83 percent), shrimp(34 percent), and wood and timber products (15.5 percent).

Vietnam enjoys 87 percent growth in agricultural trade surplus ảnh 2Aquatic exports see a significant surge of 47.2 percent to 1.5 billion USD in January-February. (Photo: VNA)
The US remained Vietnam’s biggest buyer, purchasing over 2.3billion USD worth of the products, or 28.2 percent of the total. Some70 percent of exports to the US were wood and timber products.

It was followed by China in the second and Japan in the thirdplace. China imported nearly 1.3 billion USD (16.2percent) from Vietnam, some 33.3 percent of which was rubber.

Shipments to Japan stood at 586 million USD (7.3 percent),44.8 percent of which was wood and timber products.

The Ministry of Agriculture and Rural Development is focusingefforts on gaining broader access for Vietnamese exports to major markets,such as Peru, Australia, Brazil, China and the US./.
VNA
#Foreign trade #agricultural #forestry and aquatic products #trade surplus #exports #imports #Vietnam #Vietnam news #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

See more

Furusawa Yasuyuki, General Director of AEON Vietnam Company Limited, speaks at a meeting with Can Tho city's leaders. (Photo: VNA)

Can Tho creates enabling environment to attract Japanese investors

The Mekong Delta city of Can Tho is committed to creating the best possible conditions for Japanese companies to study, invest and develop projects, Standing Vice Chairman of the municipal People’s Commitee Duong Tan Hien said at a January 20 meeting with representatives from the Japanese Embassy and businesses in Vietnam.

Representatives of the Vietnamese Ministry of Industry and Trade and the Office of the US Trade Representative sign an agreement regarding anti-dumping on Vietnamese fish fillets on January 20 (Photo: moit.gov.vn)

US anti-dumping duty removed from Vietnamese fish fillets

A bilateral agreement between the Vietnamese and US Governments regarding anti-dumping duties on Vietnamese fish fillets was signed on January 20, marking the end of relevant disputes in Case DS536 at the World Trade Organisation (WTO).

The red carps for the ritual remain reasonably priced at 25,000-75,000 VND for three fish, depending on sizes. (Photo: VNA)

Hanoi markets bustle as residents prepare for Kitchen Gods’ Day

Markets across the capital city of Hanoi are teeming with fresh produce and traditional offerings as locals are preparing to bid farewell to the ong Cong (Land Genie) and ong Tao (Kitchen Gods) to the heaven, an important precursor to the Tet (Lunar New Year) celebrations.

Illustrative image (Photo: cafef.vn)

Banks step up capital mobilisation policies

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

Illustrative image (Photo: VinFast)

VinFast officially enters India market, unveils two EVs

Vietnamese electric vehicle manufacturer VinFast has unveiled two all-electric B-segment and C-segment SUVs, VF6 and VF 7, that will be sold in the Indian market within the framework of the Bharat Mobility Global Expo 2025 on January 18.

WEF’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee. (Photo: VNA)

WEF expert believes in Vietnam’s new era

As the world transitions into a new era, Vietnam is emerging as a key player in multilateral cooperation mechanisms and a beacon of growth and development, said the World Economic Forum (WEF)’s Head of Regional Agenda for Asia-Pacific Joo-Ok Lee.

VinFast's green bus fleet is ready to supply to three transport companies. (Photo: VNA)

VinFast launches new e-bus model

VinFast, a leading Vietnamese electric vehicle manufacturer, on January 17 launched a new electric bus model with the capacity to carry up to 60 passengers.