Thursday , June 20 2024

Agro-forestry-aquatic products post trade surplus of $4.63B in H1

Vietnam’s agro-forestry-aquatic product exports raked in $24.59 billion in the first six months of 2023, while the country’s imports reached $19.96 billion, according to the Ministry of Agriculture and Rural Development (MARD).

Five products with the highest trade surplus include wood and wood products with a trade surplus of $4.95 billion, down 27.9% compared to the figure of the same period of last year; coffee ($2.33 billion, up 2.1%); fruits and vegetables ($1.85 billion, up 2.3 times); rice ($1.84 billion, up 36.3%); and shrimp ($1.28 billion, down 36.6%).

The main group of agricultural products brought home $12.79 billion in the first half of this year, up 12%. Aquatic and forestry products still witnessed a deep decline with export value of $4.13 billion, down 27.4% and $6.5 billion, down 28.2%, respectively.

The agriculture sector has had only seven products and groups of products with export value reaching over $1 billion each, including coffee, rubber, rice, fruits and vegetables, cashew nuts, shrimp, and wood products.

Regarding export markets, China, the US, and Japan continued to be the three largest export markets of Vietnam’s agro-forestry-aquatic products.

The export value to China enjoyed a positive growth of 7.7% while the export value to the US and Japan decreased by 32.9% and 5.3%, respectively.

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