AsemconnectVietnam - Vietnam’s exports of farm-forestry-seafood products still maintained their growth in the first seven months of this year, according to the statistics figures of the General Department of Customs.

In the period, the exports of seafood increased moderately while the imports of seafood increased sharply over the same period last year.

Exports of farm, forestry and seafood products totaled US$22.2 billion in 7 months
The exports of farm-forestry-seafood products in July was estimated at US$2.85 billion, bringing the total value in the first seven months of 2018 to $22.2 billion, increased by 7.8 per cent year – on - year.
According to the Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development, Vietnam exported $11.6 billion worth of farm produce from January to July, up 3.6 percent against the same period last year.

Markets seeing strong export growth included Indonesia in rice, coffee, and rubber; Russia in coffee and cashew nuts; Germany in tea, cashew nuts, pepper, and rubber; Malaysia in rice, tea, wood, vegetables and fruit; the Philippines in rice and coffee; Saudi Arabia in tea; Iraq and Hong Kong in rice; the US in tea, cashew nuts, and pepper; India in rubber and pepper; and Thailand in vegetables and fruit, and aquatic products.

Rice remained one of the biggest hard currency earners. Vietnam earned $1.96 billion from selling 3.87 million tons of rice abroad, up 29.2 per cent in value and 12.2 per cent in volume. China continued to be the largest rice importer of Vietnam with 26.8 per cent of the market share.

Earnings from vegetable and fruit exports in the first seven months of the year are estimated at $2.3 billion, a year – on - year surge of 12.6 percent, according to the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority (AgroTrade).
China remained the biggest export market of Vietnam in the first half of 2018, accounting for 74 per cent of the total vegetable and fruit exports. Vietnam’s vegetable and fruit exports to China reached $1.47 billion, up by 18 per cent year on year.

Meanwhile, strong export growth was recorded in Thailand (37.6 per cent), the Republic of Korea (16.7 per cent), and the US (15.9 per cent).
Meanwhile, the shipment of other fruits and vegetables is forecast to face challenges in the remaining months of this year due to impacts of the rainy season, and the US-China trade war.
Furthermore, China is seeking new export markets, and promoting domestic consumption, thus reducing demand for imports.

However, Vietnamese vegetables and fruits will have new destinations thanks to many free trade agreements which help unlock potential markets for Vietnamese products. Businesses should enhance production in value chain to ensure good quality for exports.
The country also exported 1.16 million tons of coffee worth $2.22 billion, up by 10.8 per cent in volume but down by 5.7 per cent in value. Germany and the U.S remained the two biggest consumers of Vietnamese coffee.

Vietnam sold 153,000 tons of pepper worth $517 million to overseas markets during the January-July period, up 3.7 per cent in volume but down 36.1 per cent in value.
As many as 696,000 tons of rubbers were exported in the period, bringing home $997 million, up by 9.9 per cent in volume and down 10.7 per cent in value.

Exports of seafood increased 7.9% to US$4.73 billion in first 7 months
Vietnam’s exports of seafood reached nearly US$4.73 billion in the first seven months of this year, increased by 7.9 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

In July, the country’s exports of seafood increased slightly by 0.2 per cent over the previous month but decreased by 3.9 per cent over the same month of last year to $765.43 million.
EU was the country’s biggest seafood export market in the first seven months of this year with the export turnover of $816.18 million, up by 16 per cent year – on – year and accounted for 17.3 per cent of the total.

It was followed by the U.S with $793.35 million, up by 0.4 per cent; and then Japan - $734.49 million; up by 4.1 per cent; China - $555.61 million, up by 2.3 per cent; and South Korea - $458.87 million, up by 15 per cent.

The exports of seafood to the South East Asian countries accounted for only 7.8 per cent of the total with $366.49 million, up by 13 per cent year – on – year.
In the first 7 months of this year, the country’s exports of seafood to Cambodia increased sharply by 88.6 per cent to $14.06 million; to the U.A.E – up by 75.7 per cent to $48.86 million; to Egypt – up by 61.6 per cent to $25.67 million; to Pakistan – up by 53.2 per cent to $13.11 million; to India – up by 51 per cent to $16.47 million.

However, the exports of seafood to Saudi Arabia decreased by 62.4 per cent year – on – year to only $14.06 million; and to Indonesia, Czech, Brazil and Denmark decreased by 40.9 per cent; 33.2 per cent; 31 per cent and 26.6 per cent year – on – year.

Imports of seafood increased sharply by 30.8% to $1.01 billion
Vietnam imported US$ 1.01 billion worth of seafood in the first seven months of this year, increased by 30.8 per cent over the same period last year, showed the statistics figures of the General Department of Customs.

In July, the country’s imports of seafood reached $146.55 million, down by 10.3 per cent over the previous month but up by 22.5 per cent over the same month of last year.
India, Norway, the South East Asian countries, Taiwan, China and Japan were the country’s leading seafood imports markets in the period.

The imports of seafood from India accounted for 22.9 per cent of the total with $231.15 million, up by 13.6 per cent over the same period last year. Meanwhile, the imports from Norway reached $102.22 million, up by 65.6 per cent; from the South East Asian countries - $79.86 million, up by 54.9 per cent; from China - $66.16 million, down by 2.8 per cent; from Japan - $64.05 million, up by 51.4 per cent; and from Taiwan - $62.71 million, up by 21.6 per cent.

In the first 7 months of this year, Vietnam’s imports of seafood from Myanmar, Denmark and China fell by 29.3 per cent; 15.1 per cent and 2.8 per cent, respectively year – on – year.
The imports of seafood from Canada saw sharp increase of 126.5 per cent to $23.66 million; from Indonesia – up by 88.7 per cent to $48.49 million; from Malaysia – up by 88.1 per cent to $4.18 million; from South Korea – up by 80.1 per cent to $47.3 million; from Chile – up by 76.5 per cent to $46.06 million; and from the Philippines – up by 69.6 per cent to $5.18 million.

Exports of rice increased 30% to $1.99 billion in first 7 months
Vietnam exported 3.93 million tons of rice worth of US$1.99 billion in the first seven months of this year, increased by 13.7 per cent in quantity and 30.5 per cent in value over the same period last year, showed the statistics figures of the General Department of Customs.

In July, the country exported 444,235 tons of rice worth of $221.72 million, down by 17.4 per cent in quantity and 21.1 per cent in value over the previous month. The figure was down by 23.7 per cent in quantity and 10.5 per cent in value over the same month of 2017.
The average rice export price was at $499.1 per ton in July and $506.8 per ton in the first seven months of this year, increased by 14.8 per cent year – on – year.
The main rice export markets of Vietnam in the period were China, Indonesia, the Philippines, Malaysia, Ghana, Ivory Coast and Iraq.
China was leading, accounted for 23.6 per cent of the total market share with 926,961 tons worth of $491.01 million.

In the first 7 months of this year, Indonesia imported 770,046 tons of rice worth of $361.37 from Vietnam, increased by 50 times in quantity and 67.5 times in value over the same period last year.
The country’s exports of rice to the Philippines reached 458,811 tons worth of $217.13 million, up by 66.8 per cent in quantity and 103.2 per cent in value over the same period last year.
Meanwhile, the exports of rice to Malaysia reached 338,182 tons worth of $154.52 million, up by 17.1 per cent in quantity and 39.4 per cent in value year – on – year.

In the first seven months of this year, Vietnam’s exports of rice to Turkey increased sharply by 443 per cent in quantity and 521 per cent in value to 4,497 tons worth of $2.59 million; to France – up by 285 per cent in quantity and 205.6 per cent in value to 751 tons worth of $0.56 million; to Poland – up by 126.7 per cent in quantity and 162.9 per cent in value to 1,435 tons worth of $0.84 million; to Iraq – up by 120.5 per cent in quantity and 153.5 per cent in value to 150,000 tons worth of $ 85.56 million.
However, the exports of rice to Senegal, Brunei, Chile and Bangladesh fell to 47 tons; 345 tons; 213 tons and 19,660 tons, respectively.
CK
Source: VITIC/Vietnamplus.vn/bnews.vn