(HSV VIETNAM GROUP) – Coffee, rice and vegetables are three Vietnamese agricultural products bringing in an export value of 1 billion USD or more in the first quarter of 2024.
According to data from the General Statistics Office (GSO), in March 2024, Vietnam's agricultural products brought in 2.26 billion USD. Among them, coffee is the product with the highest turnover with 641 million USD, an increase of 32% over the same period last year. Behind is rice with 637 million USD, an increase of 25%; fruits and vegetables with 414 million USD, down 0.4%; Cashew nuts reached 289 million USD, down 2.2%.
Export turnover of cassava and cassava products reached 160 million USD, up 52% over the same period last year; Pepper exports reached 108 million USD, a slight increase of 1.6%; tea reached 16 million USD, an increase of 23%. Accumulated in the first 3 months of 2024, Vietnam's export turnover of agricultural products reached 6 billion USD, equivalent to 6.4% of Vietnam's total export value of goods to the world.
In the first quarter of the year, there were three Vietnamese agricultural products that brought in billions of dollars in turnover, respectively coffee, rice and vegetables. Specifically, coffee export turnover reached 1.89 billion USD, up 54% over the same period last year. During this quarter, coffee exports also increased by 44.4%, to 799,000 tons.
Rice is the second product bringing in a billion USD turnover with 1.37 billion USD, equivalent to an increase of 40%. Rice exports also increased by 12%, reaching 2.07 million tons. Next is vegetables and fruits with 1.22 billion USD, an increase of 25%.
Among agricultural products, Vietnam also exported 147,000 tons of cashew nuts worth 782 million USD, up 31.8% in volume and 20.5% in value over the same period last year. Export of cassava and cassava products reached 989,000 tons, reaching 451 million USD, an increase of 1.2% in volume and 21.1% in value.
Pepper export volume in the quarter reached 56,000 tons, reaching 232 million USD. This is the only product in this group that decreased both export volume and value with -26.5% and -0.4% respectively.
Vietnam's tea exports reached 28,000 tons with a value of 45 million USD, an increase of 30% in volume and 27.2% in turnover.
Ha Diem HSV