Agro, forestry, aquatic trade surplus doubles in nine months

Vietnam’s foreign trade of agro, forestry and aquatic products hit some 74.7 billion USD in the first nine months of 2022, a year-on-year rise of 10.7%, according to latest data released by the Ministry of Agriculture and Rural Development (MARD).
Agro, forestry, aquatic trade surplus doubles in nine months ảnh 1Illustrative image. (Photo: VNA)
Hanoi (VNA) – Vietnam’s foreign trade of agro,forestry and aquatic products hit some 74.7 billion USD in the first ninemonths of 2022, a year-on-year rise of 10.7%, according to latest data releasedby the Ministry of Agriculture and Rural Development (MARD).

Exports reached about 40.8 billion USD while importstotalled 33.9 billion USD, up 15.2% and 5.7%, respectively, year-on-year, and this means the tradesurplus of the sector mounted to 6.9 billion USD, doubling the same period lastyear.

In September alone, exports spurred 28.7% compared to thesame month last year to over 4.2 billion USD. However, the figure was8.8% lower than the previous month’s.

Last month’s export turnover from major agriculturalproducts exceeded 1.8 billion USD, while those from forestry products andseafood stood at over 1.3 billion USD and 900 million USD, respectively.

During the nine-month period, Vietnam exported more than16.8 billion USD worth of key agro products, a year-on-year increase of 7.5%.Shipments of major forestry products valued around 13.3 billion USD andseafood, 8.5 billion USD, up 10.8% and 38%, respectively.

Seven products with export revenue surpassing 2 billion USD each include coffee, rubber, rice, vegetables and fruits, shrimp, and wood.

High upturn was seen in the export of coffee (37.6%), cassava (21%),tra fish (83.3%), and shrimp (24.8%).

A downturn, meanwhile, was recorded in some others, includingvegetables and fruits (11.1%), cashew nuts (14%), and livestock products(18.4%).

The US remained Vietnam’s largest buyer, spending over 10.5 billion USD which accounts for 25.8% of the total. Itwas, again, followed by China (7.4 billion USD) and Japan (3.1 billion USD).

A total of 4,597 Production Unit Codes (PUCs) and 1,419Packing House Codes (PHCs) have been granted in Vietnam, enabling exporters toship fresh fruits such as dragon fruit, mango, banana, pomelo, longan and lychee to major markets like China, the US, Australia, New Zealand, the Republic ofKorea, and Japan./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.