AsemconnectVietnam - According to the report of the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in November of 2024 was estimated at 5.3 billion USD, an increase of 13.9% compared to November of 2023.

Notably, not only “reaching the finish line” early, the agricultural sector also exceeded the annual plan by over 1 billion USD.
Specifically, 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% compared to the same period of 2023.
In 11 months, the export value of agricultural products reached 29.78 billion USD, an increase of 23.2%; the export value of livestock products reached 475.5 million USD, up by 4.4%; the export value of aquatic products reached 9.2 billion USD, up by 11.8%; the export value of forestry products reached 15.59 billion USD, up by 19.6%; the export value of production inputs reached 1.69 billion USD, down by 5.7%; the export value of salt reached 5.3 million USD, up by 2.7%. The early completion of agricultural, forestry and fishery exports was thanks to a number of products with strong export value increases in 11 months, such as rice reached 5.31 billion USD, up by 22.4%, coffee reached 4.84 billion USD, up by 32.8%; tea reached 2.95 billion USD, up by 17.1%; cashew nuts reached 4.01 billion USD, up by 21.4%; pepper reached 1.22 billion USD, up by 46.5%.
By product, 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 by 19.4% over the same period last year; vegetables and fruits 4.56 billion USD, up by 33.9%; coffee 4.53 billion USD, up by 30.5%; rice 4.07 billion USD, up by 14.6%; shrimp 3.19 billion USD, up by 20.5%; tra fish 1.72 billion USD, up by 10.1%; and pepper with a surplus of 1.07 billion USD, up by 43.5%.
In terms of export markets by region, Asia was the largest export market for Vietnam's agricultural, forestry and fishery products with a market share of 48.2%. The next two largest markets were the Americas and Europe with market shares of 23.7% and 11.3%, respectively.
Compared to the same period last year, the estimated export value of Vietnam's agricultural, forestry and fishery products in the first 11 months of 2024 to Asia increased by 16.1%; the Americas increased by 23.6%; Europe increased by 30.4%; Africa increased by 4.4%; and Oceania increased by 13.9%.
The United States is the leading export market with a market share of 21.7%, followed by China with a market share of 21.6% and Japan with a market share of 6.6%. 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 in the first 11 months of 2024 to the United States market increased by 24.6%, to China increased by 11%, and to Japan increased by 5.5%.
On the other hand, the import turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 40.28 billion USD, up by 9.1% over the same period in 2023. Of which, the import value of agricultural products reached 25.05 billion USD, up by 10.7%; the import value of livestock products reached 3.4 billion USD, up by 6.3%; the import value of aquatic products reached 2.32 billion USD, down by 2%; the import value of forestry products reached 2.54 billion USD, up by 24.2%; the import value of production inputs reached 6.93 billion USD, up by 4.7%; the import value of salt reached 33.5 million USD, down by 18.4%.
By region, Vietnam imports the most agricultural, forestry and fishery products from markets in Asia and the Americas with market shares of 28.7% and 24.2%, respectively.
In terms of detailed markets, China, Brazil and the United States are the three largest markets supplying agricultural, forestry and fishery products to Vietnam with market shares of 9.6%, 8.1%, and 7.4%, respectively. Compared to the same period last year, the estimated import value of agricultural, forestry and fishery products of Vietnam in the first 11 months of 2024 from the Chinese market increased by 25.2%, from Brazil increased by 14%, and from the United States increased by 4.8%. With the above results, the export turnover has exceeded the target of 54 - 55 billion USD for the whole year of 2024 and the agricultural sector is confident to aim for a new record of 60 billion USD.
CK
Source: VITIC/ haiquanonline.com.vn