The agricultural industry recorded a trade surplus of USD 3.55 billion over five months
According to statistics in the first five months of the year, the total export and import turnover of agricultural, forestry and fishery products in the first five months of the year is estimated at USD 36.96 billion, of which, exports of USD 20.26 billion (decreased by 11.1% compared with the same period last year), imports of USD 13.15 billion (decreased by 8.7%), trade surplus of USD 3.55 billion (decreased by 21.1%).
Meanwhile, many main export products recorded a decrease in export value compared to the same period last year, the total export turnover is estimated at USD 20.26 billion, a decrease of 11.1%. Although the export of aquatic products and forest products has continued to decline, thanks to the good growth of agricultural and livestock exports, the situation of reduced export value is gradually improving.
While agricultural products reached USD 10.3, an increase of 9.9%; livestock reached USD 190 million, an increase of 34.5%, fishery gained USD 3.47 billion, a decrease of 25.9%; forest products reached USD 5.52 billion, a decrease of 26.8%; production input reached USD 779 million, a decrease of 25.9%.
Many items still have higher export value than the same period last year, such as: rice is the highest with USD 2.02 billion, an increase of 49%; coffee with USD 2.02 billion, an increase of 0.2%; vegetables and fruits with USD 1.97 billion, an increase of 39%; cashew nuts with USD 1.28 million, an increase of 5.5%; meat and by-products with USD 58 million, an increase of 59.1%.
Besides, a number of products have decreased export value such as: Rubber with USD 799 million, a decrease of 24%; tea with USD 65 million, a decrease of 18.9%; pepper with USD 414 million, a decrease of 9.9%; cassava and cassava products with USD 539 million, a decrease of 14.3%; pangasius with USD 690 million, a decrease of 40.7%; shrimp with USD 1.22 billion, a decrease of 34.4%, timber and wood products with USD 5.1 billion, a decrease of 27.3%; rattan, bamboo, sedge carpet with USD 298 million, a decrease of 28.4%
The average export price of a number of major export agricultural products decreased. Pepper at USD 3,011/ton, a decrease of 34.9%; fertilizers of all kinds at USD 415/ton, a decrease of 35.2%; rubber at USD 1,378/ton, a decrease of 21.5%; cassava and cassava products at USD 382/ton, a decrease of 12%, etc. the price of rice alone reached USD 517/ton, an increase of 5.8%; coffee at USD 2,295ton, an increase of 2.4%.
Regarding export markets, the export value of agricultural, forestry and fishery products in the first five months of the year to markets in Asia reached USD 9.73 billion (an increase of 2.3%); to the Americas reached USD 4.42 billion (a decrease of 34.6%); to Europe reached USD 2.42 billion (a decrease of 13.2%); to Africa reached USD 327 million (a decrease of 5.6%); to Oceania reached USD 280 million (a decrease of 28%).
China, the United States and Japan continue to be the three largest export markets for agricultural, forestry and fishery products; in which the export value to China accounted for the highest proportion with 20.4% (an increase of 2.9% over the same period last year); to the US with 19.8% (a decrease of 35.2%) and Japan with 7.8% (a decrease of 1.2%).
- Fruit and vegetable exports exceeded USD 4 billion
- Tuna exports reached the highest level since the beginning of the year
- The decrease in shrimp exports will narrow thanks to positive signals in the US and Chinese markets
- Cashew exports completed 75% of target after eight months
- Rubber exports to China increased for seven consecutive months
- Fruit and vegetable exports to China in August increased by nearly three times over the same period
- In 2023, exports of timber and wood products could reach USD 14.5 billion
- The decline in pangasius exports to the UK is smaller than other main markets
- Coffee export prices in August were at a record high in the context of depleted supplies
- The US spent more than USD 100 million importing pepper from Vietnam in the first half of the year