AsemconnectVietnam - The report of the Ministry of Agriculture and Rural Development showed that Vietnam's agricultural, forestry and fishery export turnover in October 2024 was estimated at 5.91 billion USD.

Vietnam's agricultural, forestry and fishery exports in the first 10 months of 2024
In the first 10 months of the year, Vietnam's agricultural, forestry and fishery export reached 51.74 billion USD, up by 20.2% over the same period of 2023. The trade surplus of agricultural, forestry and fishery products in the first 10 months reached 15.21 billion USD, up by 62.2% over the same period last year.
Of which, the export value of agricultural products reached 27.38 billion USD, up by 25.6%; livestock products reached 423.5 million USD, up by 2.7%; aquatic products reached 8.33 billion USD, up by 12%; wood and forestry products reached 14.05 billion USD, up by 19.9%; salt reached 4.6 million USD, down by 0.2%.
There were 3 groups of commodities with a trade surplus, specifically the exports of the group of wood and forestry products were estimated to have a surplus of 11.75 billion USD, up by 18.8% over the same period of 2023; the group of aquatic products had a surplus of 6.21 billion USD, up by 17.2% and the group of agricultural products had a surplus of 4.67 billion USD, up by 4.2 times.
Main export markets of agricultural, forestry and fishery products of Vietnam in the first 10 months of 2024
In terms of export regions, Asia was the largest export market of agricultural, forestry and fishery products of Vietnam with a market share of 48.2%. The next largest markets were the Americas and Europe with market shares of 23.5% and 11.5%, respectively. The market shares of the two regions Africa and Oceania were small, accounting for 1.8% and 1.4% respectively.
Compared to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products in the first 10 months of 2024 to Asia increased by 17.2%; to America increased by 24.7%; to Europe increased by 34.1%; to Africa increased by 2% and to Oceania increased by 14.5%.
In terms of markets, the United States ranked first with a market share of 21.6%, followed by China at 21.5% and Japan at 6.5%. These are the three largest export markets for Vietnam's agricultural, forestry and fishery products. Compared to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products to the US market increased by 25.9%, to China increased by 11.4%, and to Japan increased by 5.9%.
Some key agricultural export products of Vietnam in the first 10 months of 2024
Rice: Vietnam's rice export turnover in the first 10 months of this year reached 4.86 billion USD, surpassing the figure of 4.67 billion USD in the whole year of 2023. Compared to the same period last year, the export value of this item increased by 23.4%.
In addition, the average export price of rice in the first 10 months of 2024 was estimated at more than 626 USD/tonne, an increase of 12% over the same period of 2023. This was also a record high average price compared to previous years.
The Ministry of Agriculture and Rural Development said that by the end of September of 2024, the exports to the traditional market of the Philippines increased sharply by 53.3%, to the Indonesian market increased by 35.1% and to the Malaysian market increased by 2.3 times compared to the same period last year.
With the results achieved in 10 months, the Ministry of Agriculture assessed that rice exports reached the target of exceeding 5 billion USD.
Vegetables and fruits: the export turnover of fruits and vegetables also set a historical record of 6.34 billion USD in just 10 months, a sharp increase of 31.5% compared to the same period of 2023. Contributing to this record number was the booming export of durian, earning about more than 3 billion USD in 10 months of this year. In addition, the exports to the Chinese market also increased sharply by 37.8% compared to the same period of 2023, reaching 3.8 billion USD in 9 months.
In general, all markets grew by double digits, with the highest increase being exports to Thailand, South Korea, Germany and Canada. Recently, the Protocol on licensing the export of frozen durian and fresh coconut from Vietnam to the Chinese market has become a new factor promoting Vietnam's vegetable and fruit exports.
At the first Vietnam Fruit Festival held in Beijing (China) at the end of September of 2024, many Vietnamese businesses shared that they had signed export contracts of 30-50 containers, and some even reached an agreement to supply 1,500 containers to partners in neighboring countries. This is a positive signal for the future of the Vietnamese coconut industry in the market of 1.4 billion people.
According to Mr. Dang Phuc Nguyen - General Secretary of the Fruit and Vegetable Association, Vietnam will continue to supply off-season durian in November and December, ensuring supply when other countries do not have goods. This creates an advantage for Vietnam, helping durian prices increase.
In addition, other fruits also benefit when entering winter, a time when many countries have difficulties in harvesting, while Vietnam still maintains favorable conditions for growing vegetables and fruits. In particular, the advantage of road, sea and rail connections with China helps save costs and transportation time, creating great opportunities for Vietnamese businesses.
This year, durian exports are forecast to increase by 45% compared to last year. Similarly, fresh coconut exports may increase by one and a half times compared to last year. According to calculations by the agricultural sector, fruit and vegetable exports this year may exceed the 7 billion USD mark, up by nearly 20% compared to last year.
Coffee: in the first 10 months of 2024, the country’s exports of coffee reached 1.2 million tonnes, earning 4.6 billion USD. Although the volume of coffee exports decreased by 10.8% compared to the same period last year, the value increased by more than 40%.
The reason is that the average export price of coffee in the past 10 months was estimated at 3,981 USD/tonne, up by 57% compared to the same period last year.
Meanwhile, major export markets have increased their purchases of this type of grain from our country. In particular, the exports to the Philippines and Malaysia have increased by 2.2 times compared to 2023. Thanks to that, the export turnover of this item has set a historical record even though there are still two months left until the end of the year. With these advances, the Vietnamese agricultural sector is increasingly confident in conquering demanding and potential markets on a larger scale. In the context of the world having many complicated developments in politics, society and environment, Vietnamese agricultural products still reach out to nearly 200 countries, contributing to ensuring food and nutrition security for many regions.
CK
Source: VITIC/congthuong.vn