Export value of 10 agricultural products fire on all cylinders

VCN - In the first two months of 2022, Vietnam's agricultural, forestry and fishery export turnover is estimated at US$8 billion. In which, the export value of 10 products/product groups increased sharply.
Exporting agricultural products through overseas Vietnamese: A promising way Exporting agricultural products through overseas Vietnamese: A promising way
What are the solutions to clear goods stuck at the border gate? What are the solutions to clear goods stuck at the border gate?
Room for Vietnamese agricultural and food products in the UAE Room for Vietnamese agricultural and food products in the UAE
Photos. Sources: Internet
Photos. Sources: Internet


According to information announced today by the Ministry of Agriculture and Rural Development (MARD) on March 1, 2022, in the first two months of 2022, the total import-export turnover of agricultural, forestry and fishery products is estimated at nearly US$14.2 billion, an increase of 15.8% year on year.

In particular, despite the difficulties in the Chinese market due to the measures to control the Covid-19 pandemic, the export of agricultural, forestry and fishery products still achieved quite impressive numbers.

Specifically, in February 2022 alone, export turnover was estimated at nearly US$3.3 billion, up 21.8% compared to February 2021. In the first 2 months of 2022, the export turnover of agriculture, forestry and fishery products is estimated at about US$8 billion, up 20.9% year on year.

In which, the export of main agricultural products is estimated at over US$3.2 billion, up 10.2%; seafood reached nearly US$1.5 billion, up 47.2%; main forest products reached nearly US$2.9 billion, up 17.0%.

Notably, there are 10 products/product groups with a sharp increase in export value, including: coffee (35.6%); rubber (6.6%); rice (22.3%); pepper (43.8%); milk and dairy products (11.1%); meat, meat by-products (3.6%); pangasius (83.3%); shrimp (34.3%); wood and wood products (15.5%); bamboo and rattan, sedge (49.2%).

The US was Vietnam's largest agricultural, forestry and fishery export market in the first two months of the year with a value of over US$2.3 billion (accounting for 28.2% of the market share). In which, the export turnover of wood and wood products accounted for 69.9% of the proportion of Vietnam's agricultural, forestry and fishery export turnover in this market.

China ranked second with an export value of nearly US$1.3 billion (accounting for 16.2% of the market share) with export turnover of rubber group comprising for 33.3% of agricultural export turnover of forestry and aquatic products to China.

"There has been a change in the ranking of Vietnamese agricultural products exported to China instead of traditional ones such as vegetables and fruits with the largest proportion of exports in this market," a representative of the Ministry of Agriculture and Rural Development added.

Japan and Korea took third and the fourth with an export value of nearly US$586 million and about US$376 million, respectively.

In terms of international cooperation and market development, the Ministry of Agriculture and Rural Development has continued to coordinate to promote the opening of agricultural markets with Peru, Australia, Brazil, China, the United States, and ASEAN, Russia, Czech Republic; organized Vietnam Agricultural Products Week at EXPO 2022 Dubai and worked with a number of bilateral partners with India, Argentina and the United Arab Emirates (UAE).

In addition, the Ministry of Agriculture and Rural Development also held talks with the EU Executive Vice President's delegation to promote cooperation in the field of climate change and combating illegal, unreported and unregulated (IUU) fishing; proposed solutions and petitioned the EU to remove the "yellow card" for Vietnam's seafood industry.

The Ministry also guided units and enterprises to comply with the provisions of Order 248 on "Regulations on management of registration of foreign food production enterprises" and Order 249 on "Measures to manage import and export food safety" of the General Administration of Customs of China.

Accordingly, up to now, 1,763 product codes have been granted to Vietnamese enterprises by the General Administration of Customs of China.

Export of agricultural products prospered at the beginning of the year Export of agricultural products prospered at the beginning of the year

VCN - In the early days of 2022, many agricultural products have arrived in a series of ...

As of February 25, 2022, the Vietnam SPS Office (MARD) has also compiled 119 draft notices on regulations on food hygiene and safety and animal and plant quarantine (SPS) of other members of the World Trade Organization (WTO) that may affect Vietnam's agricultural exports, sent it to relevant agencies for consideration; handled seven EU warnings about Vietnamese agricultural products and food products violating EU regulations.

Import turnover of agricultural, forestry and fishery products in the first two months of 2022 is estimated at over US$6.2 billion, up 10.0% over the same period in 2021. In which, import value of agricultural products main assets are estimated at nearly US$4 billion, up 17.6%; livestock products reached about US$470.2 million, down 14.3%; group of aquatic products is estimated at US$332.8 million, up 11.1%; the main group of forest products about US$466.4 million, down 3.1%; production input group is about US$982.6 million, up 2.8%.
Thanh Nguyen/Thu Phuong

Related News

Rubber exports are flourishing, promising potential

Rubber exports are flourishing, promising potential

VCN - Rubber exports reached 414.31 thousand tons in the first quarter of 2024, worth US$607.35 million, increasing 8.5% in volume and 14.3% in value compared to the same period in 2023.
Opportunity for a high open economy like Vietnam

Opportunity for a high open economy like Vietnam

VCN - According to economic expert Nguyen Bich Lam (photo), in 2024, our country's economy will have bright spots, with opportunities that not every country has to more effectively promote existing dynamics and create new driving forces for development.
Considering request to anti-dumping investigation on imported hot-rolled HRC steel

Considering request to anti-dumping investigation on imported hot-rolled HRC steel

VCN - Regarding the proposal to initiate an anti-dumping investigation on HRC hot-rolled steel products imported from China to Vietnam, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan emphasized the needs of complete basis and evidence to demonstrate whether an anti-dumping investigation should be applied or not.
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations

VCN - Enterprises exporting cinnamon essential oil are facing difficulties due to regulations on pharmaceutical trading of the Ministry of Health, leading to hundreds of tons of essential oil being left in stock in raw material areas.

Latest News

More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

More News

Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit

Export turnover of two agricultural product groups grows three-digit

VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Early warnings reduce risks in trade defense

Early warnings reduce risks in trade defense

VCN - In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated
Vietnam becomes biggest rice supplier for Singapore

Vietnam becomes biggest rice supplier for Singapore

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Vietnam an attractive destination for electronics, semiconductor investors: Official

Vietnam an attractive destination for electronics, semiconductor investors: Official

Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
Wood exports started well

Wood exports started well

VCN - After a year of missing the growth target, the year of 2024 exporting wood and wood products has had a good start, but there are still many potential risks.
Take advantage of e-commerce leverage for export

Take advantage of e-commerce leverage for export

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Read More

Your care

Latest Most read
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European busine
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial par
Mobile Version