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VietNamNews

Farming, forestry, fisheries exports reach $17.4b

Update: July, 28/2014 - 08:33

A cassava processing factory in the central province of Phu Yen. In July alone, the value of Viet Nam's farming, forestry and fisheries exports reached $2.38 billion. - VNA/VNS Photo Thanh Long

HA NOI (VNS) — The value of Viet Nam's farming, forestry and fisheries exports reached US$17.43 billion for the first seven months of 2014, up nearly 12 percent from the same period in 2013.

In July alone, the industry gained $2.38 billion.

Total export values included $8.31 billion from farming products, 5.9 per cent higher than the same period last year; $4.2 billion from seafood products, up 24.5 per cent; and $3.52 billion from forestry products, up 13.2 per cent.

According to the Ministry of Agriculture and Rural Development, pepper crops saw growth, with 119,000 tonnes shipped abroad at a value of $862 million, up about 29 percent in volume and 42 percent in value, Vietnam News Agency reported.

The largest markets for Vietnamese peppers during this period were the US, Singapore, the United Arab Emirates and India, which together made up 46 percent of total pepper exports.

Meanwhile, cashew nuts enjoyed an increase of over 2 percent, with 158,000 tonnes exported in the reviewed period, taking in over $1 billion, nearly 16 percent in volume and 17.5 percent in value higher than the same period's figure.

The seven-month exports of coffee reached $2.31 billion, a year-on-year increase of nearly 22 percent, while wood and wood products enjoyed a 13.4 percent rise in earnings, with $3.35 billion.

Meanwhile, seafood exports brought home $4.2 billion, up 24.5 percent year on year. Vietnamese seafood products mainly were shipped to the US, Japan, the Republic of Korea and China.

Also, a drop in both volume and value was seen in the export of rice, tea, rubber and cassava products.

Rice exports experienced decreases of 8 percent in volume and 4.8 percent in value, at 3.86 million tonnes and $1.75 billion. China remained the largest importer of rice, accounting for 39 percent of Vietnam's export volume, followed by the Philippines, Ghana and Singapore.

The country exported 451,000 tonnes of rubber, valued at $828 million, a drop of 10 percent in volume and 32 percent in value.

At the same time, tea also suffered a 6.7 percent fall in volume and a 1 percent decrease in value, with only 70,000 tonnes shipped, worth $116 million. — VNS



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