(HSV VIETNAM GROUP) – In the first four months of the year, total agricultural, forestry and fishery export turnover is estimated at 19.06 billion USD, up nearly 24% over the same period last year. Trade surplus reached 4.74 billion USD, an increase of more than 71%.
Vietnam exported nearly 756,000 tons of coffee, earning nearly 2.57 billion USD in the first 4 months of the year
The Ministry of Agriculture and Rural Development informed that in April, agricultural, forestry and fishery production took place under adverse weather conditions when the El Nino phenomenon caused widespread heat in most localities in the Mekong Delta, Central Highlands, and South Central region.
However, the selling prices of key agricultural, forestry and fishery products will continue to increase from the beginning of 2024 because the domestic and export markets are basically stable, producers are profitable and interested in investing in production.
Thanks to that, the output of crop, livestock, forestry and fishery products mainly increased significantly, and exports continued to increase strongly compared to the same period last year.
Specifically, agricultural, forestry and fishery exports in April reached 5.14 billion USD, up nearly 20% over the same period last year.
In the first 4 months of the year, the total export turnover of agricultural, forestry and fishery products is estimated at 19.06 billion USD, up nearly 24% over the same period last year. Trade surplus reached 4.74 billion USD, an increase of more than 71%.
Export value to Asian, European, American, African and Oceanian markets in the first 4 months of this year increased by 20 - 40% over the same period last year.
The US has surpassed China to return to the leading position in the import market of agricultural, forestry and fishery products from Vietnam, while Japan remains in third place.
Also according to the Ministry of Agriculture and Rural Development, in the first 4 months of this year, the value and export price of key products increased compared to the same period last year.
Coffee continues to be the agricultural export product with the strongest increase in volume and price. In the past 4 months, Vietnam exported nearly 756,000 tons of coffee (up 5%) at an average price of 3,402 USD/ton (up 50%) and earned 2.57 billion USD (up 58%).
The agricultural industry predicts that if such export volume and price are maintained, this year coffee exports can earn at least 4 billion USD.
Next is rice. Within 4 months, Vietnam sold 3.23 million tons of rice at an average price of 644 USD/ton (up 22%) and earned 2.08 billion USD (up 36.5%).
Fruit and vegetable export turnover also increased sharply, reaching 1.8 billion USD, up 32% over the same period last year.
In addition, the export price of some other products increased over the same period, such as rubber 1,487 USD/ton (up 7%), pepper 4,214 USD/ton (up 36%).
For the domestic market, the Ministry of Agriculture and Rural Development said that in April, agricultural product prices were relatively stable and consumption increased.
Vegetable and fruit prices increased compared to March due to strong market consumption, however, some fruits such as mango and durian decreased due to the harvest season and abundant supply.
The Ministry of Agriculture and Rural Development said that in May and the following months, Vietnam's major agricultural, forestry and fishery export markets such as the US, China, Japan, Asia... continued to grow again.
However, the world economy continues to face many difficulties, military conflicts are increasing and show no signs of cooling down... disrupting supply chains and increasing transportation costs.
Many countries implement policies to protect domestically produced goods and promote agricultural production to proactively supply and cope with the negative impacts of El Nino in 2024.
Domestically, there is an abundant, relatively stable supply of fruits and vegetables, many types of agricultural products are about to be harvested...
The Ministry will grasp the output situation of key fruit trees for export such as dragon fruit, longan, mango, durian, and citrus; Direct the planting of crops suitable for the consumer market, with good selling prices and high economic efficiency.
Continue to handle market issues to create favorable conditions for the export of agricultural and aquatic products and open new, potential markets.
Ha Diem HSV