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Agro-forestry-aquatic exports up 79% in January

Updated: 16:07, 01/02/2024
Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported.

Meanwhile, the country imported 3.72 billion USD worth of agro-forestry-aquatic products in the month, leading to a trade surplus of 1.4 billion USD, up more than 4.5 times from the corresponding time last year.

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Vietnam earns 5.14 billion USD from agro-forestry-aquatic exports in January.

Specifically, forestry exports grew 72.5% to 1.49 billion USD, aquatic products up 60.8% to 730 million USD; and farming products up 93.8% to 2.71 billion USD.

The increase was seen in all markets with America up 93.6%, Africa 185.4%, Asia 86.3%, Europe 38.2%, and Oceania 100.9%.

China accounted for 23% of Vietnam’s total agro-forestry-aquatic export revenue, the US 20,8%, and Japan 7.4%. For imports, farm products rose 41.1% to 2.2 billion USD, aquatic products up 33.9% to 250 million USD, and forestry products up 100.7% to 253 million USD.

Regarding the domestic market, the ministry said it remained stable in the month, affirming that the supply of agricultural products will be ensured during the approaching Tet (Lunar New Year) festival.

First 10 months of 2023: Agro-forestry-fisheries exports hit over 43 billion USD
Vietnam earned more than 43 billion USD from agro-forestry-fishery exports in the first 10 months of 2023, a decrease of 4.2 percent over the same period last year.
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Agro-forestry-fishery sector posts trade surplus of over 12 bln USD in 2023
Vietnam’s agro-forestry-aquatic product exports enjoyed a record trade surplus of 12.07 billion USD in 2023, surging by 43.7%, and accounting for over 42.5% of the country's total trade surplus, heard a press conference in Hanoi on December 29.
Vietnam fully taps CPTPP to push agro-forestry-fishery exports
Vietnam has recorded tangible changes in agro-forestry-fishery exports thanks to preferential tariffs in trade with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after five years the trade pact took effect.
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Source: VNA


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