Vietnam’s agro exports near $52bn in January-October
Vietnam’s agro exports near $52bn in January-October
Vietnam exported US$51.74 billion worth of agro-forestry-fishery products between January and October this year, marking an increase of more than 20 percent against the same period last year.
Vietnam shipped close to 7.8 metric tons of rice overseas and earned US$4.86 billion in January-October 2024. Photo: P.Quyen / Tuoi Tre |
This growth was driven by record exports of some key farm products like rice, coffee, vegetables, and fruit, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, who shared updates on the country’s agricultural production and export performance during the 10-month period at an event on Thursday.
Coffee exports reached nearly 1.2 metric tons valued at $4.6 billion, down 11 percent in volume but expanding 40 percent in value year on year.
The average export price of coffee in the ten months was approximately $3,981 per metric ton, a 57-percent rise from the previous year.
Germany, Italy, and Spain were the biggest buyers of Vietnamese coffee in January-September.
For rice exports, the country shipped close to 7.8 metric tons of rice overseas and earned $4.86 billion, surpassing the total rice export value for all of 2023 at $4.68 billion.
The average rice export price for this period was $626 per metric ton, improving 12 percent versus last year.
The Philippines is the largest importer of Vietnamese rice, with a 45-percent share, followed by Indonesia and Malaysia.
Fruit and vegetable exports expanded 31.5 percent year on year at $6.34 billion, exceeding the entire 2023 total of $5.69 billion.
The exports of other items were also on the rise, including cashew nuts ($3.6 billion, up 19 percent), pepper ($1.12 billion, rising 48 percent), seafood ($8.33 billion, improving 12 percent), and forestry products ($13.18 billion, up 21 percent) compared to the previous year.
Tien remained optimistic that the government’s full-year target, set at $54-55 billion, could be reached or even surpassed.
In the rest of the year, if agricultural shipments fetch $5.5 billion each month, the year’s export turnover could exceed $62 billion, he said.
Despite facing global challenges over the past year, including conflicts, rising input prices, and increased logistical costs, the sector has performed well, thanks to years of agricultural restructuring, a robust market system, and recent export agreements with China, the official explained.
