Agricultural, forestry and fishery exports “reach the target” early

	Bright prospect for agro-forestry-fishery exports to Japan
	Agro-forestry-fishery exports likely to hit 54-55 billion USD
	Agricultural, forestry and fishery exports reach US$54 billion: A feasible task

Specifically, the total export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached US $ 56.74 billion, up 19% over the same period in 2023.

In eleven months, the export value of agricultural products reached US $ 29.78 billion, up 23.2%; the export value of livestock products reached US $ 475.5 million, up 4.4%; the export value of aquatic products reached US $9.2 billion, up 11.8%; The export value of forestry products reached US $ 15.59 billion, up 19.6%; the export value of production inputs reached US $1,69 billion, down 5.7%; the export value of salt reached 5.3 million USD, up 2.7%.

Trong 11 tháng, giá trị xuất khẩu các mặt hàng nông sản đạt 29,78 tỷ USD, tăng 23,2%; giá trị xuất khẩu sản phẩm chăn nuôi đạt 475,5 triệu USD, tăng 4,4%; giá trị xuất khẩu thủy sản đạt 9,2 tỷ USD, tăng 11,8%; giá trị xuất khẩu lâm sản đạt 15,59 tỷ USD, tăng 19,6%; giá trị xuất khẩu đầu vào sản xuất đạt 1,69 tỷ USD, giảm 5,7%; giá trị xuất khẩu muối đạt US $5,3 triệu USD, tăng 2,7%.

The early completion of agricultural, forestry and fishery exports was thanks to a number of products with strong export values ​​in eleven months such as: rice reached US $5.31 billion, up 22.4%, 2024 reached US $ 6.66 billion, up 28.2%; coffee reached US $4.84 billion, up 32.8%; tea reached US $2.95 billion, up 17.1%; cashew nuts reached US $ 4.01 billion, up 21.4%; pepper reached US $1.22 billion, up 46.5%..

By product, Vietnam has seven agricultural, forestry and fishery products with a trade surplus of over 1 billion USD, including: wood and wood products with a surplus of 12.11 billion USD, up 19.4% over the same period last year; vegetables and fruits 4.56 billion USD, up 33.9%; coffee 4.53 billion USD, up 30.5%; rice 4.07 billion USD, up 14.6%; shrimp 3.19 billion USD, up 20.5%; tra fish 1.72 billion USD, up 10.1%; and pepper with a surplus of 1.07 billion USD, up 43.5%.

In terms of export markets by region, Asia is the largest export market for Vietnam's agricultural, forestry and fishery products with a market share of 48.2%. The next two largest markets are the Americas and Europe with market shares of 23.7% and 11.3%, respectively.

Comparing to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products in the first 11 months of 2024 to Asia increased by 16.1%; America increased by 23.6%; Europe increased by 30.4%; Africa increased by 4.4%; and Oceania increased by 13.9%.

The volume and value of rice exports in November is estimated at 700,000 tons with US $444.9 million. Illustration photo: TL

The United States is the leading export market with a market share of 21.7%, followed by China with a market share of 21.6% and Japan with a market share of 6.6%. These are the three largest export markets for agricultural, forestry and fishery products of Vietnam.

Comparing to the same period last year, the estimated export value of agricultural, forestry and fishery products of Vietnam in the first 11 months of 2024 to the US market increased by 24.6%, China increased by 11%, and Japan increased by 5.5%.

On the other hand, the import turnover of agricultural, forestry and fishery products in the first eleven months of 2024 reached US $40.28 billion, up 9.1% over the same period in 2023. Of which, the import value of agricultural products reached US $ 25.05 billion, up 10.7%; the import value of livestock products reached US $ 3.4 billion, up 6.3%; The value of imported aquatic products reached US $2.32 billion, down 2%; the value of imported forestry products reached US $2.54 billion, up 24.2%; the value of imported production inputs reached US $6.93 billion, up 4.7%; the value of imported salt reached US $33.5 million, down 18.4%.

By region, Vietnam imports the most agricultural, forestry and fishery products from markets in Asia and the Americas with market shares of 28.7% and 24.2%, respectively.

By detailed market, China, Brazil and the United States are the three largest markets supplying agricultural, forestry and fishery products to Vietnam with market shares of 9.6%, 8.1%, and 7.4%, respectively. Compared to the same period last year, the estimated value of Vietnam's agricultural, forestry and fishery imports in the first 11 months of 2024 from the Chinese market increased by 25.2%, Brazil increased by 14%, and the United States increased by 4.8%.

With the above results, the export turnover has exceeded the target of US $54 - 55 billion for the whole year of 2024 and the agricultural sector is confident to aim for a new record of US $60 billion.