Dragon fruits packaged for export(Photo: VNA)
Hanoi (VNA) – The agro-forestry-fishery sector raked in 3.6 billionUSD from exports in October, raising the total export revenue in 10 months to33.18 billion, rising 1.6 percent from the same time last year.
According to the Ministry of Agriculture and Rural Development (MARD), forestryproducts were the best performers in the period as they brought home 9.04billion USD, up 18.8 percent year on year and accounting for 27.2 percent ofthe total volume shipped abroad.
Strong growth was seen in the export of rubber (up 5.6 percent), tea (14.3percent), cinnamon (32 percent), and rattan (40.6 percent).
In stark contrast, shipments of key agricultural products dwindled 7.4 percentto 15.25 billion USD, and those of seafood dropped 2.4 percent to 7.06 billionUSD.
The ministry said a strong decrease in export price of several agriculturalproducts like cashew, pepper, rice and coffee was the main factor leading tothe fall in the revenue in the period.
Vietnam sold 2.3 billion USD worth of fruits and vegetables in the 10-monthperiod, decreasing 1.3 percent from the same time last year. Most of theexports were destined to China where authorities have tightened regulations onchemical residue, food safety, and package material requirements.
China remained the largest importer of Vietnamese agricultural products as itmade up 26.8 percent of the market share, followed by the US (21.7 percent),the EU (11.9 percent) and ASEAN (10.3 percent).
The MARD has forecast shipments of farm produce will face tough seas in thecoming time, sparked by global trade slowdown and increasing trade barriersfrom the Chinese market.
The ministry will keep close watch on market development, and give detailedevaluation on Chinese policies on official exports and temporary imports forre-export at border gates.
Besides working with competent ministries and sectors to acceleratenegotiations so as to stabilise traditional markets while seeking potentialones, the ministry will support local businesses to take full advantage of thesigned free trade deals./.
VNA
