(HSV VIETNAM GROUP) – In the first five months of 2024, total agricultural, forestry and fishery export turnover is estimated to reach 24.14 billion USD, up 21% over the same period last year, trade surplus is 6.53 billion USD, up 64.5%. The US, China and Japan continue to be the three largest export markets.
A report from the Ministry of Agriculture and Rural Development said that in the first five months of 2024, total agricultural, forestry and fishery export turnover is estimated to reach 24.14 billion USD, up 21% over the same period last year, trade surplus is 6.53 billion USD, up 64.5%.
In May alone, agricultural, forestry and fishery exports reached 5.06 billion USD, an increase of 11.2% compared to May 2023, of which, main agricultural products reached 2.73 billion USD (up 14.3%), forest products 1.35 billion USD (up 17.9%), and livestock 45.8 million USD (up 10.2%). Seafood alone is 780 million USD (down 3.5%) and production inputs are 153 million USD (down 6.9%).
According to the Ministry of Agriculture and Rural Development, in the last 5 months, most product groups increased, so export turnover increased. Contributing to this result were agricultural products of 13.11 billion USD, an increase of 27.7%; forest products 6.58 billion USD, up 22.7%; seafood 3.5 billion USD, up 3.6%; livestock 199 million USD, an increase of 5.6%.
Regarding export value, most key products are higher than the same period last year, such as: Wood and wood products 6.14 billion USD (up 23.6%); coffee 2.9 billion USD (up 44.1%); rice 2.65 billion USD (up 38.2%); 1.55 billion USD (up 19.3%); fruits and vegetables 2.59 billion USD (up 28.1%); shrimp 1.3 billion USD (up 7.5%).
Export prices of some products increased, specifically: Rice 638 USD/ton, up 20.5%; coffee 3,482 USD/ton, up 49.9%, rubber 1,504 USD/ton, up 8.8%; pepper 4,308 USD/ton, up 39.3%...
Export value to all markets also increased. Of which exports to Asia were 11.31 billion USD (up 17.5%); Americas 5.4 billion USD (up 23.1%); Europe 3.2 billion USD (up 39.4%); Africa 459 million USD (up 26.1%) and Oceania 341 million USD (up 24.8%).
The US, China and Japan continue to be the three largest export markets (export value to the US accounts for 20.6%, up 23.9%; China accounts for 19.2%, up 8.6% and Japan accounts for 6.7%, up 6.6%).
Being increasingly proactive in domestic raw material sources, especially in industries that bring large export value such as wood and wood products, has helped the agricultural sector continue to achieve impressive numbers and growth in terms of trade surplus, with a trade surplus of 6.53 billion USD.
Recently, at the inter-ministerial meeting between the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, Minister Nguyen Hong Dien said that Vietnam's production and export of rice and vegetables at the end of 2023 and the first months of 2024 took place quite smoothly and achieved many positive results. Exports of rice and vegetables increased in both quantity and value.
Associations and businesses have effectively exploited traditional markets, while opening up many new and potential markets. Vietnam's rice brand and many vegetable and fruit products continue to be affirmed in the international market. Many businesses and producers have accessed and better exploited the advantages from FTAs in which our country is a member. Industry associations have been promoting an active role, helping member businesses improve the quality of agricultural production and import-export activities.
On May 31, responding to the press about the export results of agricultural, forestry and fishery products in May and the first five months of the year, Deputy Minister of Agriculture and Rural Development Phung Duc Tien emphasized that the agricultural sector continues to affirm its support of the economy.
According to Mr. Tien, in addition to the general difficulties of the economy, our country's agricultural sector faces great pressure from climate change and saltwater intrusion. However, under the management and direction of Government leaders and leaders of the Ministry of Agriculture and Rural Development, agriculture has achieved encouraging results.
Specifically, rice output reached 17.84 million tons, up 2% over the same period. Regarding livestock production, the pig herd increased by 3.8% and poultry increased by 3.3%, ensuring a stable food supply, while livestock product prices increased after many years, benefiting farmers. The seafood industry reached 3.5 million tons, of which exploitation and aquaculture reached 1.9 and 1.6 million tons, respectively, an increase of 2.6%. Forestry reached 12.5 million m3 of wood from planted forests, an increase of 3.7%.
With results in the first 5 months of the year reaching 24.14 billion USD, an increase of 21%, especially, with a trade surplus of 6.53 billion USD, an increase of 64.5% over the same period, Deputy Minister Phung Duc Tien believes that under the direction of the Prime Minister and the efforts of the Ministry of Agriculture and Rural Development, the results of the agricultural sector this year are forecast to be very positive.
Ha Diem HSV