4 main agricultural export groups hit double-digit growth

Chart of 4 main agricultural export groups at the end of September 2016, unit “$US billion”. Chart: T.Bình.

The latest statistics of the General Department of Customs showed that, at the end of September 2016, these four groups reached total value turnover of $US 1 billion or more.

In which, coffee was the biggest agricultural export group of the nation with export value of $US 2.515 billion. After was cashews, fruit and vegetables, pepper with the value turnover of $US 2.045 billion, $US 1.813 billion, and $US 1.197 billion, respectively.

In terms of growth, fruit and vegetables had the strongest growth with the value turnover over 31.8% compared to the same period in 2015, coffee, cashews, and pepper followed with rises of 23.7%, 15.4% and 14.3%, respectively.

The high growth rate above is a positive sign in the nation’s agricultural main exports compared to the same period in 2015. Due to the same period last year, coffee and pepper were the two groups with growth in turnover value, in which coffee reduced by 29.9% compared to the same period in 2014, while pepper declined by 0.6%.

For fruit and vegetables, the growth rate for the first 9 months of 2015 was 19%, lower than the level of 31.8% in the year.

Among the four groups above, cashews is the only product with lower growth compared to the same period in 2015 (where it reached 20.1%).

In terms of absolute value, after 9 months, the 4 agricultural groups above contributed $US 7.57 billion into the nation’ total value of exports, an increase of $US 1.342 billion compared with the same period in 2015.

Therefore, the position of the above goods groups in the nation’s total value of exports also rose from 5.2% last year to approximately 5.9% at the end of September 2016.