Agricultural sector export turnover ups 18.4% in Jan-Feb

VGP - Total export turnover of the agro-forestry-fishery sector was estimated at US$ 1 billion in the first two months of 2020, representing a year-on-year growth of 18.4%, the Ministry of Agriculture and Rural Development (MARD) reported.

March 04, 2020 10:10 AM GMT+7

Agricultural sector turnover ups 18.4% in Jan-Feb

The MARD announced that, in January-February, the country’s total export turnover of agro-forestry-aquatic products was estimated at US$5.34 billion, down 2.8% against the same period last year, while the import turnover fell 6.7% to US$4.3 billion.

The four main export markets for Viet Nam’s agro-forestry-fishery sector are China, the U.S., the European Union, and the ASEAN.

Meanwhile, declines were seen in tra fish (27%), rubber (16%), and fruits and vegetables (12%) cashew nuts (17%).

The General Statistics Office said the agro-forestry-fishery sector expanded 2.01% in 2019, contributing 4.6% of the year’s gross domestic production growth.

Meanwhile, the MARD estimated agro-forestry-aquatic product exports for 2020 at US$41.3 billion, up 3.2% year on year.

The Ministry of Agriculture and Rural Development (MARD) said it has coordinated with relevant ministries and localities to carry out trade promotion activities in new markets and attempted to boost domestic sales./.

By Hoang Ha