Vietnam exported 710 million USD worth of livestock products in 2019 (Photo: VNA)Hanoi (VNA) – Export of livestockproducts was a standout while shipments of key farming products dropped furtherlast year, according to the Agro Processing and Market Development Authority.
Vietnamexported 65 million USD worth of livestock products last month, bringing thetotal livestock exports in 2019 to 710 million USD, up 10.6 percent from a yearearlier. Livestock products were among the handful agricultural items experiencing growth last year.
Rice exportsdipped further in 2019. Though the exported rice volume rose by 3.9 percentyear-on-year to 6.34 million tonnes, the revenue plunged 9.7 percent to 2.97billion USD.
The Philippinesreplaced China as Vietnam’s top rice buyers as the islandnation’s imports of Vietnamese rice jumped 2.55 times in volume and 2.34 timesin value to 2.15 million tonnes and nearly 900 million USD, respectively.
Similar trendswere seen in the export ofpepper and cashew nut which both witnessed an increase in volume but a decreasein value.
Vietnam earned3.74 billion USD from the exportsof vegetables and fruits, down 1.9 percent from 2018. Though exports to Chinadeclined 13.2 percent year-on-year, the neighbouring country remained Vietnam’slargest importer, accounting for 65.7 percent of the total vegetable and fruitexports. It was followed by the United States, the Republic of Korea, Japan andthe Netherlands.
Some 1.59million tonnes of coffee were exported for 2.75 billion USD, down 15.2 percentand 22.4 percent, respectively. Last year, the coffee export prices averaged1,724 USD per tonne, a year-on-year decrease of 8.9 percent, while the domestic prices slid 2,200 –2,300 VND per kg from the end of 2018.
The coffeeprice in the world market decreased because Brazilian coffee growers enhancedselling in the wake of a drop in Brazil’s currency, leading to growing coffeereserves in major markets like the US.
Rubber was oneof a few farming items with a positive growth with 1.68 million tonnes exported, worth 2.26 billion USD,up 7.7 percent and 8.3 percent, respectively. China remained Vietnam’s biggestbuyer, purchasing 66.5 percent of the total exports,followed by India (8.3 percent) and the RoK (3 percent)./.
VNA
