Vietnam’s export of agro, forestry and seafood products records US$36.4 billion

Created 28 December 2017
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Vietnam has gained a new record high of nearly US$36.4 billion in export of agro, forestry and seafood products in 2017, a 13 per cent increase against last year, according to the Ministry of Agriculture and Rural Development.
Export of agro, forestry and seafood products in 2017 rose 13 per cent against last year.
The export of major agricultural products was estimated at $18.96 billion, a year-on-year growth of 15.7 per cent and that of seafood at $8.32 billion, 18 per cent higher than last year. The export value of forestry products in 2017 is estimated at $7.97 billion, an increase of 9.2 per cent year-on-year.
The nation also saw strong growth in rice exports in December with a volume of 426,000 tons worth $199 million. Total rice exports for the year reached 5.89 million tons, earning $2.66 billion, a year-on-year surge of 22.4 per cent in volume and 23.2 per cent in value. China continued to be the largest buyer of Vietnamese rice, accounting for 39.5 per cent of the total exports.
Export of agro, forestry and seafood products in 2017 rose 13 per cent against last year.
Export of agro, forestry and seafood products in 2017 rose 13 per cent against last year.
Rubber, tea, cashew nuts and other produce also saw high growth in 2017. Rubber exports reached 1.39 million tons worth $2.26 billion for a year-on-year increase of 11 per cent and 35.6 per cent, respectively, in volume and value. Average rubber export price for 11 months stood at $1,654.7 per ton, up 28.3 per cent over the same period in 2016. China, Malaysia and India were the three largest rubber buyers.
High prices pushed cashew nut exports to 353,000 tons worth $3.52 billion, a year-on-year increase of 1.9 per cent in volume and 23.8 per cent in value. The US, the Netherlands and China were top importers.
This year, the export of tea is estimated at 140,000 tons worth $229 million, up 7.2 per cent in volume and 5.6 per cent in value over last year.
Exports of cassava and cassava products are estimated at 3.95 million tons in volume and $1.04 billion in value for a year-on-year surge of 6.9 per cent and 4.2 per cent, respectively.
Especially, the ministry said that in 2017, fruit and vegetable exports reached a record $3.5 billion for year-on-year growth of 43.02 per cent.
Top 10 export markets for Vietnamese vegetables and fruits in 2017 included mainland China (75.6 per cent), Japan (3.64 per cent), the US (2.94 per cent), South Korea (2.59 per cent), Netherlands (1.81 per cent), Malaysia (1.43 per cent), Taiwan (1.33 per cent), Thailand (1.03 per cent), UAE (1.01 per cent) and Russia (0.85 per cent). Other markets accounted for 7.77 per cent.
In addition to traditional markets, Vietnamese fruit has managed to enter demanding markets like the US, European Union, Japan, Canada, Australia and New Zealand.
Nguyen Huu Dat, general secretary of the Vietnam Vegetables and Fruits Association, said vegetable and fruit exports continued its strong growth in value this year, exceeding the export value of some key export products like rice, oil and gas.
He said that in 2018 and further, besides improving the quality of vegetables and fruits, enterprises need to focus on processing as a way to add value and extend exports through the whole year, not just during specific seasons.
However, the year of 2017 saw coffee exports decreasing slightly by 20.2 per cent in volume to 1.42 million tons and 3.8 per cent in value to $3.21 billion. Germany and the US were still the top two export markets for Vietnamese coffee.
There was also a strong reduction in pepper exports in 2017 because export prices fell sharply by 35 per cent over the previous year. While pepper export volumes surged by 20.5 per cent to 214,000 tons, its value fell 21.9 per cent to $1.12 billion against last year.
Source: Hanoi Times
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