Vietnam’s agro-forestry-aquatic product exports to surpass goal
Illustrative image (Photo: VNA)
Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually, reported the Ministry of Agriculture and Rural Development (MARD).
Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year.
With the result, the goal of earning 44 billion USD from agro-forestry-aquatic product exports is completely reachable.
Notably, rubber, cashew nuts, cassava and its products saw increase in both export volume and value.
The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent.
The US was also the biggest import market of Vietnam with nearly 3.5 billion USD, making up 8.9 percent of the market share. Cambodia came second with around 3.3 billion USD, or 8.5 percent.
In the near future, the MARD will facilitate the export of farm produce to Peru, Australia, Brazil, China, the US, ASEAN and Russia while carrying out a project on improving the capacity of trade defence in the context of Vietnam’s entry to new-generation free trade agreements./.
Related News

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Exports witness a rise of US$1 billion in the first 15 days of 2025
07:49 | 12/02/2025 Import-Export

US or China: Who will lead in Vietnamese Tra fish imports?
10:11 | 11/02/2025 Import-Export

Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs
Latest News

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export

Business regulations must be trimmed for development of enterprises: Experts
14:46 | 14/02/2025 Import-Export
More News

Vietnam's agricultural product exports shine in 2024
14:44 | 14/02/2025 Import-Export

Aiming for 16% credit growth and removing credit room allocation
09:17 | 14/02/2025 Import-Export

Malaysia initiates anti-dumping investigation on galvanised sheets from Việt Nam
09:45 | 13/02/2025 Import-Export

Coffee prices hit record highs, heightening speculation risks
09:29 | 13/02/2025 Import-Export

Central industrial hub sets ambitious growth target in 2025
14:26 | 11/02/2025 Import-Export

Demand for dragon fruit in Tiền Giang Province continues to increase
14:23 | 11/02/2025 Import-Export

Data centres are attracting investors in Asia
14:22 | 11/02/2025 Import-Export

Sustainable fashion presents promising niche market for textile manufacturers
08:22 | 10/02/2025 Import-Export

VN's car industry to diversify supply chain
15:33 | 07/02/2025 Import-Export
Your care

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export

Business regulations must be trimmed for development of enterprises: Experts
14:46 | 14/02/2025 Import-Export