Export turnovers of farm produce, forest products and seafood increased13.5 percent year on year to 8.6 billion USD in the first half of 2010,reported the Ministry of Agriculture and Rural Development.
Though recording the lowest growth rate at just 5.8 percent,farm produce remained a leading hard currency earner with an exportturnover of 4.6 billion USD in the period under review.
Rice earned the nation 1.87 billion USD from the export of 3.6million tonnes, showing an increase of seven percent in export valuealthough the export volume decreased 2.3 percent over the same periodlast year.
The Philippines is the largestimporter of Vietnam ’s rice, spending 759 million USD to buy 50.6percent of the total volume.
Of the top tenmarkets of Vietnam rice, Singapore , Taiwan and Hong Kong madesharp rises in import volume and value.
Economistspredicted a bright prospect for Vietnamese rice ahead based on a risein both demand and price in the world market.
Theexportation of rubber, tea and cashew nut showed the same promisingsigns. The rubber sector, for example, exported 207,000 tonnes of latexfor 565 million USD. The figures represented a decrease of 18 percent inthe export volume but a surge of over 57 percent in value.
Tea exports reached 52,000 tonnes worth 70 million USD,showing a decrease of 1.7 percent in quantity but an increase of 6.2percent in revenues.
Cashew-nut exports recordedan increase of over 20 percent in turnovers although the shipmentsabroad stayed unchanged.
Pepper export turnoversgrew almost 48 percent to 234 million USD although the export volumeclimbed up just nine percent. The US kept its ranking as the biggestcustomer of Vietnam ’s pepper.
Coffee was theonly agricultural export that suffered a drop in both turnovers andshipments. Its export turnover fell by over 16 percent to 925 millionUSD while the export volume dropped over 10 percent to 664,000 tonnes.
Economists blamed the failure to the decrease ofan estimated 98 USD/tonne in the world market in the first five monthsof the year and an over supply.
In regard toforest product exportation, which earned a total 1.59 billion USD or 29percent increase year on year, wood and wooden furniture made a lead ingrowth with turnovers up almost 31 percent. The US remained thelargest market, garnering almost 40 percent of Vietnam ’s exports. Itwas followed by Japan with 12.5 percent.
Seafood exports enjoyed a growth of over 13 percent, earning 2 billionUSD. The European Union was the largest importer of Vietnam ’sseafood, generating 25.5 percent of the country’s export value at 420million USD. It was followed by Japan and the US./.
Though recording the lowest growth rate at just 5.8 percent,farm produce remained a leading hard currency earner with an exportturnover of 4.6 billion USD in the period under review.
Rice earned the nation 1.87 billion USD from the export of 3.6million tonnes, showing an increase of seven percent in export valuealthough the export volume decreased 2.3 percent over the same periodlast year.
The Philippines is the largestimporter of Vietnam ’s rice, spending 759 million USD to buy 50.6percent of the total volume.
Of the top tenmarkets of Vietnam rice, Singapore , Taiwan and Hong Kong madesharp rises in import volume and value.
Economistspredicted a bright prospect for Vietnamese rice ahead based on a risein both demand and price in the world market.
Theexportation of rubber, tea and cashew nut showed the same promisingsigns. The rubber sector, for example, exported 207,000 tonnes of latexfor 565 million USD. The figures represented a decrease of 18 percent inthe export volume but a surge of over 57 percent in value.
Tea exports reached 52,000 tonnes worth 70 million USD,showing a decrease of 1.7 percent in quantity but an increase of 6.2percent in revenues.
Cashew-nut exports recordedan increase of over 20 percent in turnovers although the shipmentsabroad stayed unchanged.
Pepper export turnoversgrew almost 48 percent to 234 million USD although the export volumeclimbed up just nine percent. The US kept its ranking as the biggestcustomer of Vietnam ’s pepper.
Coffee was theonly agricultural export that suffered a drop in both turnovers andshipments. Its export turnover fell by over 16 percent to 925 millionUSD while the export volume dropped over 10 percent to 664,000 tonnes.
Economists blamed the failure to the decrease ofan estimated 98 USD/tonne in the world market in the first five monthsof the year and an over supply.
In regard toforest product exportation, which earned a total 1.59 billion USD or 29percent increase year on year, wood and wooden furniture made a lead ingrowth with turnovers up almost 31 percent. The US remained thelargest market, garnering almost 40 percent of Vietnam ’s exports. Itwas followed by Japan with 12.5 percent.
Seafood exports enjoyed a growth of over 13 percent, earning 2 billionUSD. The European Union was the largest importer of Vietnam ’sseafood, generating 25.5 percent of the country’s export value at 420million USD. It was followed by Japan and the US./.
