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Agricultural, forestry and fishery exports reached more than 29 billion USD in first half of 2024 

 Wednesday, July 10,2024

AsemconnectVietnam - According to the Ministry of Agriculture and Rural Development, the total export turnover of agricultural, forestry and fishery products in the first 6 months of the year reached 29.2 billion USD, an increase of 19% over the same period of 2023.

Of which, the export turnover of the main agricultural product group reached 15.76 billion USD, up by 24.4%; main forest products reached 7.95 billion USD, up by 21.2%; seafood reached 4.36 billion USD, up by 4.9%; livestock products 240 million USD, an increase of 3.8%. Production inputs alone reached 904 million USD, down by 1.8% and salt exports reached 2.3 million USD, down by 1.7%.
Product groups with export value reaching over 1 billion USD were coffee, rubber, rice, vegetables, cashew nuts, shrimp, wood and wooden products; of which rice and cashew nuts were two products that increased both export volume and value. Specifically, rice exports reached 4.68 million tonnes (up by 10.4%), worth of 2.98 billion USD (up by 32%); the exports of cashew nuts reached 350,000 tonnes (up by 24.9%), worth of 1.92 billion USD (up by 17.4%).
Coffee alone decreased in volume (reaching 902,000 tonnes), but thanks to the average export price increasing by 50.4%, the export value reached 3.22 billion USD (up by 34.6%).
Regarding export markets, the United States, China and Japan continued to be the three largest export markets for agricultural, forestry and fishery products of Vietnam. The export value to the US market accounted for 20.7%, an increase of 20.8%; to China accounted for 20.2%, an increase of 9.5% and to Japan accounted for 6.7%, an increase of 5%.
The 5 items with the highest trade deficit included animal feed and raw materials with 2.13 billion USD (up by 17.5%); cotton of all kinds reached 1.5 billion USD (up by 9%); products from crop products reached 1.51 billion USD (up by 7.2%); corn reached 1.17 billion USD (down by 2.2%); and wheat reached 828 million USD (down by 3.6%).
Source: VITIC/


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