Mon. Apr 15th, 2024

Agricultural exports hit US$4.83 billion

HA NOI (VNS)— Turnover for agricultural exports in the first two months of this year were estimated to reach US$4.83 billion, representing a rise of 31.5 per cent over the same period last year.

According to the Ministry of Agriculture and Rural Development, more than 53 per cent of the total came from farming products, while fishery products accounted for more than 18 per cent and forestry products, 18 per cent.

Director of the ministry’s Centre for Information and Statistics Nguyen Viet Chien said most products saw increases in export turnover, except rice.

During the two-month period, rice exports reached 677,000 tonnes in terms of volume, increasing by 68.2 per cent. However, total export value decreased 15.4 per cent to $310 million due to a price fall of more than 20 per cent.

China remained the biggest Vietnamese rice importer with a 34.7 per cent market share, followed by Singapore (7.27 per cent), South Korea (5.64 per cent) and the Philippines (5.64 per cent).

Meanwhile, coffee and tea maintained growth with export values of $884 million (up 38.1 per cent) and $33 million (up 18.6 per cent), respectively.

Rubber, pepper and cashew, despite decreases in export volume, saw increases in value thanks to price rise, according to the ministry.

About 179,000 tonnes of rubber were exported during two months with a turnover of $518 million, a 31.5 per cent fall in volume but a rise of 16.6 per cent in value compared to the same period last year.

The export volume of cashew was reported to have decreased by up to 60.7 per cent to 33,000 tonnes but its value rose by 35.5 per cent to $204 million.

Pepper saw a fall of 7.3 per cent in volume but its value rose 105.7 per cent.

Exports of wood products totalled $831 million, a rise of 36.2 per cent year-on-year with strong growth in major markets such as the US (up 79.89 per cent), Japan (up 56.03 per cent), China (up 92.4 per cent) and South Korea (up 30.67 per cent).

Cassava was included in the ministry’s report for the first time due to a 310 per cent increase in export volume and a 55.4 per cent in turnover to reach $308 million. — VNS

By vivian