Agricultural products see trade surplus of US$6.2 billion in eight months

VCN- According to the Ministry of Agriculture and Rural Development, in the first eight months of 2020, the entire agriculture, forestry and fishery industry hadantrade surplus of about US$6.2 billion, up 4.9% compared to 2019.
agricultural products see trade surplus of us 62 billion in eight months Agricultural products seek to sustain export growth amid COVID-19 fears
agricultural products see trade surplus of us 62 billion in eight months Make use of each market for export of agricultural products
agricultural products see trade surplus of us 62 billion in eight months Experience in cooperating with international customs in combating origin fraud
agricultural products see trade surplus of us 62 billion in eight months
Exports of agricultural, forestry and fishery products strive to reach US$ 41 billion in the whole year. Photo: Internet.

Specifically, the total import-export turnover of agricultural, forestry and fishery products wasestimated at nearly US$46 billion.

Of which, the export turnover is estimated at US$26.1 billion, a 0.9% year-on- year decrease. The export turnover of major agricultural products is estimated at US$12 billion, declining by 3.2%; animal husbandry is estimated at 25.0%, fishery products is estimated at 5.3%; forestry product is estimated at more than US$7.8 billion, increasing by 10.3%.

In the first 8 months, the total import turnover is estimated at US$19.9 billion, a 2.5% year-on-year decline. The import value of agricultural, forestry and fishery products is estimated at US$16 billion, decreasing by 5.2%.

In the last months of the year, the Ministry of Agriculture and Rural Development has continued to regularly monitor and report price fluctuations, supply and demand situation of some essential agricultural products (pork, rice, vegetables and fruits); monitor developments of animal and poultry diseases, compare with scenarios on food supply to promptly advise the Government.

In addition, regularly updating developments and situations in key markets affected by COVID-19, promptly advise, report and propose solutions; closely monitor the export of agricultural products across border gates with China.

The representative of the Ministry of Agriculture and Rural Development said that the entire sector will synchronously and drastically implement recommendations by the EU for Vietnam to remove the "yellow card" and perform towards sustainable development of fishery product; focus on directing the implementation of measures to restore production, processing and export of forestry products.

The Ministry of Agriculture and Rural Development affirmed that if we try our best and there areno big changes in the world, the export value of agricultural, forestry and fishery products for the whole year will reach more than US$40 billion (US$40-41 billion). The entire sector strives to hit about US$41 billion.

By Uyen Nhu/Ngoc Loan

Related News

Coconut export enter acceleration cycle

Coconut export enter acceleration cycle

VCN - The opening of large markets and the proactiveness of enterprises in investing in deep processing and green transformation will create momentum for the Vietnamese coconut industry to enter a stronger growth cycle in the coming time.
Increasing consumption demand, steel enterprises have many opportunities

Increasing consumption demand, steel enterprises have many opportunities

VCN - Vietnam’s steel industry is benefiting from growing domestic and export demand for steel. However, moving into 2025, the industry still faces many challenges.
The Middle East: a promising seafood export market for Vietnam

The Middle East: a promising seafood export market for Vietnam

VCN - Seafood exports to the Middle East experienced double-digit growth in 2024, placing the region among the top two fastest-growing seafood import markets, second only to China.

Latest News

Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Green transformation not only helps enterprises minimize the risk of being eliminated from important export markets, but also creates opportunities to build sustainable brands, enhance product value and reach high-end customer segments globally.
Việt Nam to complete database of five domestic manufacturing industries in 2026

Việt Nam to complete database of five domestic manufacturing industries in 2026

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.

More News

Logistics firms optimistic about growth prospects in 2025: Survey

Logistics firms optimistic about growth prospects in 2025: Survey

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Vietnamese products gain popularity in the UK, EU

Vietnamese products gain popularity in the UK, EU

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.
Việt Nam set to become regional manufacturing tech hub this year

Việt Nam set to become regional manufacturing tech hub this year

Global tech giants have expressed interest in expanding operations in Việt Nam this year, making the country an important part of the global technology world.
Computers, electronics and components lead imports in 2024

Computers, electronics and components lead imports in 2024

Most of them came from China, accounting for 32.3 per cent of the total import turnover by November 2024.
Hardware and electronics exports rebound

Hardware and electronics exports rebound

In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.
Imported automobiles show a declining trend in early December

Imported automobiles show a declining trend in early December

VCN - The volume of completely built-up (CBU) automobiles imported into Vietnam witnessed a sharp decline in the first half of December 2024, according to preliminary statistics released by the General Department of Vietnam Customs​
Footwear industry set to gain $27 billion in export this year

Footwear industry set to gain $27 billion in export this year

Việt Nam’s footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
Rice export sets new record in 2024, but 2025 expected to be tough

Rice export sets new record in 2024, but 2025 expected to be tough

Rice exports set new records in both volume and value in 2024, but a difficult year ahead is on the cards for producers as India resumes export.
Lower steel export forces businesses to eye domestic market

Lower steel export forces businesses to eye domestic market

Exports of HRC steel in November continued to be gloomy, so the steel companies must pivot back the domestic market to increase consumption.
Read More

Your care

Latest Most read
Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements
Việt Nam to complete database of five domestic manufacturing industries in 2026

Việt Nam to complete database of five domestic manufacturing industries in 2026

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.
Logistics firms optimistic about growth prospects in 2025: Survey

Logistics firms optimistic about growth prospects in 2025: Survey

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Mobile Version