Export turnover of agro-forestry-fishery products reached nearly USD 9 billion in the first quarter
(Updated at 15:28, 17/4/2018)
According to the Ministry of Agriculture and Rural Development, in March, export turnover of agro-forestry-fishery products reached USD 3.1 billion, bringing the total export value of this group in the first three months to USD 8.7 billion, an increase of 9.6% over the same period in 2017.
In the first quarter of the year, export turnover of many major agricultural products such as pepper, tea, coffee, etc. declined sharply. Specifically, although the export of coffee in the first three months of 2018 is estimated at 520 thousand tons, an increase of 15% in volume over the same period in 2017, but the export value is only USD 1 billion, decreased by 1.7%.
 
The volume of pepper exported in the first three months increased by 5.5% to 54,000 tons, but value earned is onlyUSD 203 million, down 37.3% in value over the same period in 2017.
 
Exporting of rubber is also in the same situation when rubber export in the past 3 months is estimated at 272 thousand tons, an increase of 8.9% in volume; but worth only USD 403 million, down 20.9% over the same period in 2017.
 
While tea exports are estimated at 25 thousand tons and USD 39 million, down 9.7% in volume and down 4.1% in value over the same period in 2017.
 
However, there has been an impressive growth in rice export. Specifically, rice export volume in the first three months of 2018 is estimated at 1.36 million tons with turnover of USD 669 million, an increase of 9.4% in volume and 24% in value over the same period in 2017. Cashew nut export volume in the first 3 months of 2018 is estimated at 73 thousand tons and USD 739 million, an increase of 30.9% in volume and 43.6% in value over the same period in 2017.
 
In the first three months, exports of wood and wood products are also estimated at USD 1.87 billion, an increase of 5.8 percent from the same period of 2017. The United States, China, Japan and South Korea – the four largest wood and wood products importers of Vietnam in the first two months of 2018 accounted for 77.6% of the total export value of wood and wood products.
 
The value of seafood exports in the first 3 months of 2018 is estimated at USD 1.7 billion, an increase of 11.5% over the same period of 2017. The United States, Japan, China and South Korea are the top 4 importing markets of Vietnamese seafood in the first two months of 2018, accounting for 50.5% of total seafood export value.
 
In the opposite direction, the import value of agro-forestry-fishery products in the first three months of the year reached USD 6.89 billion, an increase of 8.4% over the same period of 2017. Thus, to date, agro-forestry-fishery sector has gained nearly USD 2 billion in trade surplus.
 
Huong Nguyen
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