Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and RuralDevelopment has reported a trade surplus of nearly 3.3 billion USD in the firstfive months of this year.
Specifically, revenue from the export of agro-forestry andaquatic products reached 3.62 billion USD in May, raising the five-month figureto 16.1 billion USD, up 1.2 percent annually.
Meanwhile, the total import value neared 12.8 billion USD infive months, up 2.1 percent year-on-year. Of the figure, nearly 10.8 billionUSD was spent on fertilisers, pesticides, and major farm produce, marking ayearly rise of 2.7 percent.
During the period, major farm produce fetched 7.7 billionUSD, down 9.5 percent year-on-year. Several commodities earned higher revenuessuch as tea (up 30 percent), fruits and vegetables 10.3 percent, and rubber 2.4percent.
Apart from steep declines in prices of pepper and cashewnuts; coffee, rice, cassava, and their products recorded lower export volumesand values, which also stalled the total shipment growth.
Aquatic products brought home 3.15 billion USD, 795 millionUSD was from tra fish, and 1.1 billion USD from shrimps.
Forestry export maintained stable growth with a total valueof around 4.25 billion USD, up 19.6 percent. More than 4 billion USD of whichwas from wood and wooden furniture, up 18.7 percent.
Fowl and cattle exports rose by 4 percent annually to 255million USD.
The ministry also attributed slower export growth to China’spolicy changes, the impacts of the US-China trade war, and the spread ofAfrican swine fever.
In order to achieve the growth of 2.7-2.85 percent in thefirst half, the sector asked units and localities to enhance the output of fruits,vegetables, and poultry products. –VNA
Specifically, revenue from the export of agro-forestry andaquatic products reached 3.62 billion USD in May, raising the five-month figureto 16.1 billion USD, up 1.2 percent annually.
Meanwhile, the total import value neared 12.8 billion USD infive months, up 2.1 percent year-on-year. Of the figure, nearly 10.8 billionUSD was spent on fertilisers, pesticides, and major farm produce, marking ayearly rise of 2.7 percent.
During the period, major farm produce fetched 7.7 billionUSD, down 9.5 percent year-on-year. Several commodities earned higher revenuessuch as tea (up 30 percent), fruits and vegetables 10.3 percent, and rubber 2.4percent.
Apart from steep declines in prices of pepper and cashewnuts; coffee, rice, cassava, and their products recorded lower export volumesand values, which also stalled the total shipment growth.
Aquatic products brought home 3.15 billion USD, 795 millionUSD was from tra fish, and 1.1 billion USD from shrimps.
Forestry export maintained stable growth with a total valueof around 4.25 billion USD, up 19.6 percent. More than 4 billion USD of whichwas from wood and wooden furniture, up 18.7 percent.
Fowl and cattle exports rose by 4 percent annually to 255million USD.
The ministry also attributed slower export growth to China’spolicy changes, the impacts of the US-China trade war, and the spread ofAfrican swine fever.
In order to achieve the growth of 2.7-2.85 percent in thefirst half, the sector asked units and localities to enhance the output of fruits,vegetables, and poultry products. –VNA
VNA
