April agro-forestry-fisheries exports down 16.9%
17:06 | 28/04/2020

VGP - Export revenue in April from agro-forestry-fisheries products was estimated at 2.9 billion USD, down 16.9 percent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.

Illustration photo

Major farm produce fetched nearly US$1.47 billion, down 14.7%, forestry products about US$683 million, down 24%, and fisheries products US$563 million, down 10.8%.

In the first four months of the year, total exports and imports of agro-forestry-fisheries was estimated at around US$21.1 billion, US$11.9 billion of which was from exports, down 4.9% year-on-year. Imports were down 5.2%.

A trade surplus of about US$ 2.8 billion was posted, down 4.1% against the same period last year.

Most exports saw declining revenue, except coffee, cashew nuts, vegetables, wood and wooden furniture, cinnamon, and bamboo products.

China remained the largest importer of Vietnamese agro-foresty-fisheries products, with a value of nearly US$2.8 billion, down 17.7% and accounting for a market share of 23.4 percent. Following was the U.S., with US$2.78 billion, down some 14% with a share of 23%, and the EU with US$1.3 billion, down some 2% with a share of 11%.

Agro-forestry-fisheries exports to several markets saw slight increases, such as Japan, up around 3% to nearly US$1.1 billion for a market share of 9%, and ASEAN, up 7% to about US$1.3 billion for a market share of 11%.

Amid the complex environment created by COVID-19, MARD will work with the Ministry of Industry and Trade, agencies, and businesses to closely monitor price movements and supply and demand for key farm produce such as rice, pork, vegetables, aquatic products, sugar, and salt, to ensure domestic food security and maintain exports.

MARD will also deal with technical barriers and step up negotiations to expand markets to the EU, the Eurasian Economic Union, the U.S., Brazil, and Saudi Arabia, as well as plan working trips to China, Russia, Japan, and Australia.

In order to boost trade with China amid the pandemic, Minister of Agriculture and Rural Development Nguyen Xuan Cuong suggested continuing to accelerate agriculture restructuring via production chains and processing.

While cooking oil, wheat, and rubber rose, he said, fertiliser, pesticides, animal feed, fruit and vegetables posted declining import values./. - VNA

 

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