ANN/VIETNAM NEWS – Vietnam’s agricultural, forestry, and fishery trade turnover reached approximately USD69.84 billion from the start of the year to mid-September, according to the General Department of Customs.
The country currently enjoys a trade surplus of nearly USD12.4 billion in these sectors. In the first half of September 2024, trade turnover for key agricultural, forestry, and fishery products was estimated at USD1.48 billion, with exports hitting USD1.03 billion and imports totalling USD448 million.
From January to September 15, export turnover in these sectors stood at about USD41.11 billion, while imports reached USD28.72 billion. Data from the Ministry of Agriculture and Rural Development shows that by the end of August 2024, export turnover for these products had grown 18.6 per cent year-on-year, with import turnover increasing by 5.6 per cent.
Leading exports were wood and forest products at USD10.9 billion, followed by seafood at USD6.68 billion.
Fruit and vegetables, coffee, and rice also performed well, with turnovers of USD5.18 billion, USD4.13 billion and USD4.06 billion. Cashew nuts and rubber added nearly USD3 billion and USD2 billion in exports.
On the imports, the largest were animal feed and raw materials at USD3.45 billion, followed by cashew nuts at USD2.55 billion. Vietnamese businesses also spent about USD1.75 billion on seafood imports and USD1.54 billion on fruits and vegetables. The ministry predicts that many agricultural, forestry and fishery products will see substantial growth in the coming months, and the USD55-billion export turnover target for 2024 is likely to be met soon.
A wood processing factory in Bình Duong Province, Vietnam. PHOTO: VNA
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