Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus
Rice export is a spotlight in nine months (Photo: VNA)
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
During the period, the total export-import turnover of agro-forestry-aquatic products hit 68.92 billion USD, down 7.5% year-on-year. Of which, 38.48 billion USD was from exports.
In September alone, the export revenue of agro-forestry-aquatic products reached 4.8 billion USD, down 2.7% monthly and up 22% annually.
Due to a significant decrease in the export value of several key commodities, the total export turnover of the nine-month period fell by 5.1% annually to 38.48 billion USD. Specifically, the fisheries sector generated 6.64 billion USD, down 21.7%; forestry sector 10.44 billion USD, down 20.6%. However, agriculture and livestock sector experienced an increase in export value during this period.
China, the US and Japan remained the top three export markets, with the value of export to China accounting for 22.1%, up 13.8%; that to the US 20.7%, down 22.6% and that to Japan 7.6%, down 7.7%.
The MARD said it will continue developing both domestic and export markets while dealing with market-related issues to create favourable conditions for the export of agro-aquatic products to China, the US, the European Union and the Eurasian Economic Union.
It will also help exporters make full use of free trade agreements (FTAs), particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), as well as help firms secure new export contracts, protect trademarks and provide geographical indication for Vietnam's potential export products in foreign markets./.
Related News
Agricultural, forestry and fishery product exports reached US $ 29.2 billion in the first half of the year
10:07 | 17/07/2024 Import-Export
Agricultural, forestry and fishery product exports continue to "scoring points"
19:04 | 19/05/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Fisheries sector takes advantage of market opportunities to well recover
14:44 | 08/09/2023 Import-Export
Latest News
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
More News
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
17:29 | 03/11/2024 Import-Export
Vietnam and UAE trade sees billion-dollar growth
07:15 | 03/11/2024 Import-Export
Sharing responsibility for ensuring security and safety of the supply chain
07:13 | 03/11/2024 Import-Export
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Your care
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export