In 11 months, agricultural, forestry and fishery exports reached 56.74 billion USD
According to the report of the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in November 2024 is estimated at 5.3 billion USD, an increase of 13.9% over the same period last year. Thus, the total export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. With the achieved results, the export turnover has exceeded the target of 54 - 55 billion USD for the whole year of 2024, and is confident to aim for a new record of 60 billion USD...
In particular, the trade balance of Vietnam's agricultural, forestry and fishery products achieved a surplus of 16.46 billion USD, an increase of 52.8% over the same period last year. Of which, the forestry group is estimated to have a surplus of 13.05 billion USD, an increase of 18.7% over the same period in 2023; the aquatic group has a surplus of 6.88 billion USD, an increase of 17.5% and the agricultural group has a surplus of 4.72 billion USD, an increase of 3.1 times.
By commodity, Vietnam has 7 agricultural, forestry and fishery products with a trade surplus of over 1 billion USD, including: wood and wood products with a surplus of 12.11 billion USD, up 19.4% over the same period last year; vegetables and fruits with 4.56 billion USD, up 33.9%; coffee with 4.53 billion USD, up 30.5%; rice with 4.07 billion USD, up 14.6%; shrimp with 3.19 billion USD, up 20.5%; pangasius with 1.72 billion USD, up 10.1%; and pepper with a surplus of 1.07 billion USD, up 43.5%. In 11 months, the export value of agricultural products reached 29.78 billion USD, up 23.2%; livestock products reached 475.5 million USD, up 4.4%; aquatic products reached 9.2 billion USD, up 11.8%; forestry products reached 15.59 billion USD, up 19.6%...
Rice exports earned over 5.3 billion USD
Evaluating the industry's achievements in exports up to this point, Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development - said that the results came from agricultural products such as rice, vegetables, coffee, pepper, etc.
Accordingly, the volume and value of rice exports in November is estimated at 700,000 tons with 444.9 million USD, bringing the total volume and value of rice exports in 11 months to nearly 8.5 million tons with 5.31 billion USD, up 10.6% in volume and 22.4% in value compared to the same period in 2023. This is the first time the agricultural sector has achieved the output and value of exported rice.
The Philippines is Vietnam's largest rice consumer market with a market share of 46.1%. Indonesia and Malaysia are the next two largest markets with market shares of 13.5% and 8.2%, respectively. Among the 15 largest rice export markets, the export value of rice increased the most in the Malaysian market with an increase of 2.2 times; the market with the sharpest decrease in export value was China with a decrease of 71.3%.
The export value of vegetables and fruits in November is estimated at 500 million USD, bringing the total export value of vegetables and fruits in 11 months to 6.66 billion USD, up 28.2% over the same period in 2023. Currently, China ranks first in the consumption of Vietnamese vegetables and fruits with 66.5% market share, reaching 4.1 billion USD, up 28.7% over the same period in 2023. The next two largest export markets for vegetables and fruits are the United States and South Korea with market shares of 4.7% and 4.3%, respectively.
Fruit and vegetable export value increased in 14 out of 15 major export markets, with the strongest increase in the German market at 73.6%. The Netherlands was the only major market with a decrease in export value at 26%.
Coffee exports have so far reached nearly 1.2 million tons with 4.84 billion USD; although down 15.4% in volume, they increased 32.8% in value compared to the same period in 2023. This was achieved because the average export price of coffee reached 4,037 USD/ton, up 56.9% compared to the same period in 2023.
Germany, Italy and Spain are the 3 largest coffee consuming markets of Vietnam with market shares of 11%, 8.1%, and 8%, respectively. Coffee exports grew in all markets in the group of 15 largest export markets, with the strongest increase in the two markets of Malaysia (up 2.2 times) and the Philippines (up 2.1 times) and the lowest increase in the Belgian market with an increase of 8.6%.
In terms of export markets, the United States, China and Japan are the three largest export markets for agricultural, forestry and fishery products of Vietnam. Compared to the same period last year, the estimated export value of agricultural, forestry and fishery products to the United States market increased by 24.6%, China increased by 11%, and Japan increased by 5.5%.

Source: Vitic/ congthuong.vn