Agro-forestry-aquatic exports rise 9% in 11 months

According to the Ministry of Agriculture and Rural Development, the 11-month export value of key agricultural products was reported at nearly US$18.1 billion (up 3.1%), while the export value of aquatic products were US$8.1 billion (up 6.8%) and the export value of key forestry products reached US$8.6 billion (up 18%).

Several types of goods witnessed higher export revenues over the corresponding period in 2017, including rice up 17.7%, timber and timber products up 17.5%, vegetables up 11.6%, and aquatic products up 6.8%.

In the first 10 months of 2018, China, the US, Japan and the Republic of Korea were the four largest importers of Vietnamese agricultural, forestry and aquatic products.

In the January-November period, the total import revenue of agricultural, forestry and aquatic products was reported at US$28.8 billion, up 13.6% over the same period last year. Of which, the import revenue of fertilisers, pesticides, and key agricultural products was estimated at US$24.6 billion, up 13.3%.

During the period, Vietnam enjoyed a trade surplus of US$7.5 billion, equivalent to the same period in 2017.

According to the Ministry of Agriculture and Rural Development, Vietnam's export revenue is predicted to reach US$3.7 - US$3.8 billion in December, lifting the total export revenue for the entire of 2018 to approximately US$40 billion, meeting the yearly target set by the ministry.