AsemconnectVietnam - Vietnam’s trade surplus in agricultural, forestry, and aquatic products in the first 11 months of 2024 reached of 16.46 billion USD, up by 52.8% over the same period last year, according to the Ministry of Agriculture and Rural Development.

According to the Deputy Minister of Agriculture and Rural Development Phung Duc Tien, agricultural, forestry, and aquatic products brought home about 5.3 billion USD in export value in November, up by 13.9% from the same period last year. So the sector’s revenue of the first 11 months of this year reached 56.74 billion USD, a year-on-year increase of 19%.
In the first 11 months of this year, forestry products posted a surplus of 13.05 billion USD, while the trade surplus of aquatic products reached 6.88 billion USD, and agricultural products reached 4.72 billion USD, up by 18.7%, 17.5% and 3.1 times respectively year-on-year.
There were 7 groups of products that enjoyed a trade surplus of over 1 billion USD. Among them, timber and wood products saw 12.11 billion USD in surplus, up by 19.4% from a year earlier; fruits and vegetables 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 peppercorn 1.07 billion USD, up by 43.5%.
In the first 11 months of this year, the country’s exports of farm products reached 29.78 billion USD, up by 23.2% year on year. Meanwhile, the exports of livestock, aquatic, and forestry products increased by 4.4%, 11.8%, and 19.6% to reach 475.5 million USD, 9.2 billion USD, and 15.59 billion USD, respectively.
Mr. Phung Duc Tien said Asia was the largest market of agricultural, forestry, and aquatic products from Vietnam, accounting for 48.2% of total exports during the period. It was followed by the America with 23.7% and Europe with 11.3%.
The exports to Asia, the Americas, Europe, Africa, and the Oceania were up by 16.1%, 23.6%, 30.4%, 4.4%, and 13.9% respectively.
The US, China, and Japan were the top three destinations of the Vietnamese products as they imported 21.7%, 21.6%, and 6.6% of the total, while the exports to these markets increased by 24.6%, 11%, and 5.5%, respectively over the same period of 2023.
CK
Source: VITIC/vietnamplus.vn