Exports of agro-forestry-fishery products in nine months reached USD 38.48 billion

According to a report from the Ministry of Agriculture and Rural Development, in the first nine months of 2023, the total export and import turnover of agro-forestry-fishery products is estimated to reach USD 68.92 billion, a decrease of 7.5% compared to the same period last year. Of which, the total export turnover is estimated to reach USD 38.48 billion; the total import turnover is estimated to reach USD 30.44 billion; and the trade surplus reached USD 8.04 billion, an increase of 22.5% compared to the same period last year.

Regarding exports, the export turnover of agro-forestry-fishery products in September 2023 alone is estimated to reach USD 4.8 billion, down 2.7% compared to August 2023 and up 22% compared to September 2022. Of which, the export turnover of agricultural products reached USD 2.45 billion, an increase of 46.9% compared to September 2022; livestock at USD 45.3 million, an increase of 32.6%; forest products at USD 1.28 billion, an increase of 7.3%; seafood at USD 850 million, a decrease of 0.8%; and production input at USD 166.5 million, a decrease of 5.5%.

Accordingly, the total export turnover of agro-forestry-fishery products in the first nine months of 2023 is estimated to reach USD 38.48 billion, down 5.1% over the same period last year. Of which, the export turnover of seafood reached USD 6.64 billion, a decrease of 21.7%; forest products at USD 10.44 billion, down 20.6%; and production input at USD 1.49 billion, down 20.2%.

Particularly, the export value of agricultural products and livestock increased. To be more specific, the value of agricultural products reached USD 19.54 billion, an increase of 16.7%. This value is contributed by the export value of commodity groups including: vegetables and fruits (USD 4.2 billion, an increase of 71.8%); rice (USD 3.66 billion, an increase of 40.4%); cashew nuts (USD 2.61 billion, up 14.3%); coffee (USD 3.16 billion, up 1.9%); and livestock products (estimated at USD 369 million, an increase of 26.4%).

The average export price of some major agricultural products decreased. Specifically, the export price of rubber reached USD 1,335/T, down 18.7%; tea at USD 1,711/T, down 2.3%; cashew nuts at USD 5,722/T, down 4.5%; pepper at USD 3,309/T, down 25.1%; cassava and cassava products at USD 420/T, down 4.8%, etc. Particularly, the price of rice reached USD 553/T, up 14% (at times reaching up to nearly USD 650/T), and the price of coffee reached USD 2,499/T, up 9.9%.

Regarding the market, in the first nine months of 2023, the export value of agro-forestry-fishery products to Asian markets reached USD 18.71 billion, an increase of 4.9%; the American market at USD 8.73 billion, down 22.5%; the European market at USD 4.17 billion, down 11.2%; the African market at USD 809 million, up 18.8%; and the Oceania market at USD 570 million, down 18.6%.

China, the United States, and Japan continue to remain the three largest export markets of Vietnam's agro-forestry-fishery products, accounting for a proportion of 22.1%, 20.7%, and 7.6%, respectively.

In the coming time, the Ministry of Agriculture and Rural Development will continue to promote the development of domestic consumption and export markets. Continue to handle market issues to create favorable conditions for the export of agricultural and aquatic products, especially to the markets of China, the United States, the EU, the Eurasian Economic Union, etc. Take advantage of the FTAs, especially the CPTPP and EVFTA Agreements, to promote the export of key agro-forestry-fishery products and support businesses in signing new export orders. Coordinate and support trademark and geographical indication protection for Vietnam's potential export products abroad.

Monitor and grasp the price situation and supply sources of essential food items, and report to the Domestic Market Steering Group and the Government's Price Steering Committee.

Coordinate with localities to support connecting and promoting the processing and consumption of agricultural products during the harvest season. Coordinate with related ministries and branches to develop plans to prepare goods, ensuring supply sources to serve domestic needs during the year-end holidays.

Organize Forums 970 to support connection and consumption of agricultural products; organize seminars to disseminate market information and regulations and consumer tastes; and connect consumption through the commercial and agricultural counselor system in markets and domestic retail distribution chains for some commodities with large yields in the harvest season (lychee, jackfruit, rambutan, dragon fruit, lemon, etc.).