Huge trade surplus for agro-forestry-aquatic sector
The sector’s total import-export turnover stood at approximately US$52.8 billion during the reviewed period, with exports recording an increase of 1.6% to US$30.05 billion, and imports dropping by 2.2% to roughly US$22.8 billion.
Most notably, September witnessed the sector post its highest export revenue of US$3.8 billion, representing a rise of 3.8% in comparison to the August figure.
Despite several export items experiencing a downward trajectory, rice, vegetables, cassava, shrimp, wood products, cinnamon, bamboo and rattan have all maintained export growth throughout the nine-month period.
A total of eight commodity groups grossed turnover of over US$1 billion, while six categories raked in more than US$2 billion, namely coffee, rice, cashew nuts, vegetables, shrimp, and wood products.
The United States represented the largest consumer of Vietnamese farm products in nine months, spending over US$7.5 billion on imports, an annual increase of 19.3%. It was followed by China (US$7.24 billion, down 7.7%), ASEAN (US$2.93 billion, up 4.6%), the EU (US$2.83 billion, down 0.6%), and Japan (US$2.51 billion, the same as last year’s corresponding period).
The MARD has asked its relevant agencies to co-ordinate efforts with localities to remove business hurdles, strengthen trade promotion, disseminate new regulations about export markets, especially China.
Related News
Enterprises have the right to pre-determine HS codes
09:55 | 06/04/2023 Regulations
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Import and export turnover in major markets plunges
13:45 | 31/03/2023 Import-Export
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
More News
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export