Export ratio of farm produce in decline
Tuesday, March 7,2017
AsemconnectVietnam - Vietnam’s total export turnover has been growing at an annual rate of 12.8 percent but outbound shipments of agricultural products have faced numerous difficulties and their annual export growth was recorded at a mere 2.4 percent in the 2012-2016 period.
The export ratio of agricultural products, as a result, had decreased from 13 percent in 2012 to 8.6 percent in 2016 in the country’s total merchandise export turnover, according to data of the general Department of Customs.
In particular, the export revenue of agricultural commodities reached over $15 billion last year, up 7.7 percent against 2015, but increasing by a mere $252 million compared to that of 2012.
These results are collected from data of outbound sales of vegetables, cashew nuts, coffee, tea, pepper, rice, rubber, cassava and cassava products.
The customs department said the export value of vegetables tripled at $2.46 billion last year compared to 2012, and ranked third among the country’s exported farm produce.
Outbound sales of pepper and cashew nuts also achieved strong growth at an annual rate of over 14 percent in 2012-2016.
Meanwhile, export turnover from coffee, tea, rice and rubber remained low partly due to the falling commodity prices worldwide.
Coffee earned the highest export revenue last year, but experienced strong volatility in the five-year period.
Six out of eight major agricultural items, except for tea, cassava and cassava products, posted revenue of more than $1 billion last year.
While export sales of coffee and pepper saw a year-on-year increase of over 30 percent in 2016, rice exports fell sharply in both volume and value.
Earlier, the Ministry of Agriculture and Rural Development said efforts by other countries to protect their farm produce will have an adverse effect on Vietnam’s agricultural revenue and production growth this year, as half of agricultural goods value depends on export.
Besides, these countries are heavily investing in the agricultural sector with the aim of ensuring their national food security and enhancing the competitiveness of their domestic agricultural products.
Therefore, these factors are posing multiple challenges for Vietnam to export agricultural commodities.
Source: Intellasia.net
Customs clearance procedures supported for importing gold for bidding
Thanks to high prices, coffee export turnover in the first quarter of 2024 skyrocketed 57.3%
Foreign purchasers show interest in five product groups of Vietnam
Japanese investors join big real estate project in Binh Duong
Vietnam has opportunities to attract, develop the offshoring market
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
Squid and octopus exports are expected to decrease by 2% in the first quarter of 2024
Vietnam’s imports of raw materials for animal feed production in March and first 3 months of 2024
US dollar continues gaining against Vietnamese dong, hitting exchange ceiling
Real estate market thrives, entities ready to re-enter market
DAILY: Vietnamese pepper prices increased by 1000 VND on April 16, 2024
DAILY: Vietnamese coffee prices increased by 1000 VND on April 16, 2024
In the first quarter of 2024, fertilizer exports increased sharply over the same period
Central bank to resume gold bar bidding after 11 years
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
12th-century ancient road unearthed at My Son Sanctuary
An ancient road dating back to the 12th century has freshly been discovered in an excavation on architectural ruins at the east side of ...Efforts made to seek UNESCO’s recognition for Con Moong ...
Vietnam Art Photo Contest and Exhibition 2024 to be held ...
Bas-relief featuring talks between Uncle Ho and soldiers ...
