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Agricultural, forestry and fishery exports continue to grow impressively

5 May 2024

Agricultural, forestry and fishery exports continue to grow impressively

(HSV VIETNAM GROUP) – Rice, cashew, coffee, vegetables and fruits... are groups of agricultural products that continue to bring in a good increase in export value in the first 4 months of 2024, contributing to the result of more than 19 billion USD in export turnover of the entire agricultural industry.

Agricultural, forestry and fishery exports in April continued to record impressive growth results, with a turnover of 5.14 billion USD, an increase of 19.7% compared to April 2023; Of which, main agricultural products 2.83 billion USD (up 29.2%), forestry products 1.39 billion USD (up 18.6%), livestock 40.8 million USD (up 5.9%); seafood alone is 730 million USD (down 1.5%).

Cumulatively in the first 4 months of 2024, total agricultural, forestry and fishery export turnover is estimated to reach 19.06 billion USD, up 23.7% over the same period last year.

Impressively, most agricultural export groups increased. Contributing to this result are: Agricultural products 10.44 billion USD, up 32.5% over the same period last year; forest products 5.18 billion USD, up 22.8%; seafood 2.68 billion USD, up 4.2%; livestock 152 million USD, an increase of 3.6%.

Most key products are higher than the same period last year such as: Wood and wood products reached 4.84 billion USD, an increase of 23.7%; coffee 2.57 billion USD, up 57.9%; rice 2.08 billion USD, up 36.5%; Cashew nuts reached 1.16 billion USD, up 21.2%; fruits and vegetables 1.8 billion USD, up 32.1%; pepper 353 million USD, up 11.5%, shrimp 937 million USD, up 5.9%.

Four items alone, including: rice, coffee, cashews, and vegetables, contributed more than 7.6 billion USD.

Coffee exports reached nearly 2.6 billion USD after 4 months, up 57.9% over the same period.

Many items had an increase in average export price, such as: rice reached 644 USD/ton, an increase of 22.2%; coffee 3,402 USD/ton, up 49.7%; rubber 1,487 USD/ton, up 6.9%; pepper 4,214 USD/ton, up 36.4%...

Regarding the market, export value to all markets increased. Among them, exports to Asia increased by 19.8%; Americas increased by 24.6%; Europe increased by 38.6%; Oceania increased by 26% and Africa 332 million USD, increased by 33.3%.

The United States, China and Japan continue to be the three largest import markets for agricultural, forestry and fishery products in Vietnam. Specifically, export value to the United States accounted for 20.1%, an increase of 25.7%; China accounted for 18.9%, an increase of 15.1% and Japan accounted for 6.9%, an increase of 9.6%.

Last year, affected by the decline in global trade, the export turnover of agricultural, forestry and fishery products reached 53 billion USD, down 1.2% compared to 2022. Of which, the export of agricultural products reached 27.14 billion USD, an increase of 18.8%; livestock products reached 515 million USD, an increase of 26.2%; seafood reached 8.98 billion USD, down 17.8%; forest products reached 14.39 billion USD, down 15.8%; Export of production inputs reached 1.96 billion USD, down 17.6%; Salt exports reached 5.9 million USD, an increase of 22.1%.

Ha Diem HSV

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