Agro-forestry and fishery exports in the first 2 months of 2022 reached 8 billion USD

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05 March 2022, VN: According to the Ministry of Agriculture and Rural Development, the export turnover of agro-forestry and fishery exports in February 2022 was estimated at 3.26 billion USD, bringing the total export value of the first two months of 2022 to 8 billion USD, up 20.9 % over the same period in 2021. In which, the export value of main agricultural products was estimated at 3.25 billion USD, up 10.2%; Livestock export value was estimated at 54 million USD, down 3.5%; Seafood export value was estimated at 1.47 billion USD, up 47.2%; The export value of main forestry products was estimated at 2.86 billion USD, up 17%; The export value of production inputs was estimated at 367.2 million USD, 2.1 times higher; Salt exports was estimated at USD 0.74 million, 2.1 times higher.

It is estimated that Vietnam’s agro-forestry and fishery exports in the first two months of 2022 to markets in Asia increased by 9.1%, reaching 3.16 billion USD; Americas increased by 23.5%, reaching 2.47 billion USD; Europe increased by 52.9%, reaching 1.1 billion USD; Africa increased by 20%, reaching 107 million USD; Oceania increased by 32%, reaching 149 million USD. The market share of the regions of Asia, America, Europe, Africa and Oceania in the total export value of Vietnam’s agro-forestry and fishery products in the first 2 months of 2022 are 39.5%, 30.8%, 13.9%, 1.3% and 1.9%, respectively.

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In the first two months of 2022, the United States, China and Japan are the three largest importers for Vietnam’s agro-forestry and fishery products. Export value to the US market accounted for 28.2%, up 23.3% over the same period in 2021; China accounted for 16.2% (-8.0%) and Japan accounted for 7.3% (+23.6%).

Total import turnover of agro-forestry and fishery products in February 2022 was estimated at USD 2.79 billion, bringing the total import value of the first two months of 2022 to 6.25 billion USD, up 10% over the same period in 2021. In which, the import value of agricultural products was estimated at nearly 4 billion USD, up 17.6%; Livestock imports was estimated at 470 million USD, down 14.3%; Fishery imports was estimated at 333 million USD, up 11.1%; Import value of forestry products was estimated at USD 466 million, down 3.1%; Import value of production inputs was estimated at 983 million USD, up 2.8%; Salt imports was estimated at 3.4 million USD, up 28.6%.

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