Export targets of key forestry and aquatic products lowered
Export targets of key forestry and aquatic products lowered. (Photo: VNA)
Export targets of some forestry and aquatic products have been lowered due to various difficulties regarding prices and markets.
The Vietnam Cashew Association (Vinacas) has proposed curtailing cashew nut export turnover from 3.8 billion USD to 3.05 billion USD.
The forestry sector has reduced its export target from 18 billion USD to 14 billion USD due to a strong slump in prices of wood materials and wooden products.
The Vietnam Association of Seafood Exporters (VASEP) has also revised down export target and put forth two scenarios.
In the best scenario with a recovery of the market and a stable supply of raw materials, aquatic product exports in the remaining five months of 2023 may reach over 4 billion USD, bringing the total export value in 2023 to 9 billion USD and representing a decline of 15-16% compared to 2022.
In the less optimistic scenario, the sector will only bring home 8.5-8.7 billion USD this year.
In the latest report of the Ministry of Agriculture and Rural Development, the total export revenue of agro-forestry-aquatic products was 29.13 billion USD in the first seven months of 2023, a drop of 9.1% year on year.
The export earnings of aquatic and forestry products experienced the strongest fall of 25.4%, raking in 4.95 billion USD and 7.79 billion USD, respectively./.
Related News
Customs revenue in Quarter 1 decreases by 3% year-on-year
09:31 | 10/04/2024 Customs
Exporting wood and wood products recovers positively
10:18 | 09/03/2024 Import-Export
The key to overcoming barriers and expanding markets for F&B businesses
09:34 | 23/01/2024 Import-Export
Efficiently harnessing internal resources creates a breakthrough for the economy in 2024
10:15 | 24/01/2024 Import-Export
Latest News
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
More News
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
Your care
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export