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Agricultural, seafood exports reach US$18 billion

Update: August, 27/2012 - 17:17

HA NOI – The country's agricultural, forestry and seafood exports in the first eight months of the year have increased by 9.7 per cent compared with the same period last year, reaching US$18.1 billion, according to statistics from the Ministry of Agriculture and Rural Development.

Of the major export items, coffee export was estimated to reach 1.26 million tonnes, worth $2.66 billion. The import amount to two big markets – the US and Germany – witnessed remarkable increases of 12.5 and 12.4 per cent respectively. Notably, exports to Indonesia and Mexico increased by nine and 3.5 times compared with the same period last year.

However, exports to Belgium, formerly Viet Nam's biggest coffee importer, decreased to nearly half of last year's amount.

Tea recorded 92,000 tonnes for export, gaining $140 million, while the price of exported tea stood at $1,493 per tonne, approximately equal to that in 2011.

Meanwhile, rice exports in the first eight months of the year was estimated at 5.5 million tonnes, worth $2.48 billion. Though the quantity rose by 0.5 per cent, its export value fell by 8.5 per cent compared with last year.

China emerged as the country's biggest importer of rice, increasing its imported amount by 5.2 times. Whereas traditional markets such as the Philippines, Indonesia and Singapore imported less than last year in terms of quantity and value.

Rubber exports witnessed a remarkable increase in quantity, however, its value did not increase in tandem due to falling prices. In the first eight months of this year, the quantity of rubber exports was nearly 600,000 tonnes, worth about $1.78 billion.

Export turnover of forest products recorded $3.15 billion, a year-on-year increase of nearly 20 per cent, of which the value from wood and wooden products was about $3 billion. Demand from major importers including the US, China and Japan increased sharply compared with last year. In the last four months of the year, wood exports are forecast to continue to rise.

Finally, seafood turnover reached $4 billion, an increase of 6.4 per cent, as the US, Japan and South Korea remained Viet Nam's major customers. Seafood exports are also expected to continue rising in the coming months. – VNS

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