Agro-forestry-fishery trade surplus up nearly 2.9-fold

Agro-forestry-fishery trade surplus up nearly 2.9-fold in two months. (Photo: VNA)

Hanoi (VNA) – Vietnam earned some 9.84billion USD from agro-forestry-fishery exports in the first two months of thisyear, representing a year-on-year rise of 50.3%, and a trade surplus of 2.68 billionUSD, up nearly 2.9-fold, the Ministry of Agriculture and Rural Developmentreported.

In February alone, the revenue stood at 4.48 billionUSD, up 21.8% year-on-year, but down 16.5% from January.

Of the two-month value, agriculture contributed 5.18billion USD, up 55.7%; forestry products, 2.9 billion USD, up 59.7%; and aquaticproducts, 1.37 million USD, up 28.9%.

The ministry said key items like wood products,coffee, fruits and vegetables, rice, cashew nuts, and shrimp saw increases in exportrevenue, ranging from 20.5% to 85%. Tra fish (pangasius), however, dropped 0.7%to only 224 million USD.

Key items like wood products, coffee, fruits and vegetables, rice, cashew nuts, and shrimp see increases in export revenue. (Photo: VNA)

In terms of markets, agro-forestry-fishery exportsto Asia were valued at 4.55 billion USD, up 43%; America, 2.31 billion USD, up74.2%; Europe, 1.28 billion USD, up 52.6%; Oceania, 135 million USD, up 48.8%;and Africa, 129 million USD, up 60.4%.

The US, China and Japan remained the three biggest importers, accounting for21.5%, 21%, and 7.2%, respectively.

The ministry said it will continue handlingmarket-related issues to facilitate agro-fishery exports, and implementprojects to boost exports to such markets as China, the US, Japan and theEuropean Union (EU), while approaching new, promising ones in the Middle Eastand Africa.

It will also help businesses optimise free tradeagreements, particularly the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA),and sign new contracts./.

VNA