Global Agriculture

Vietnam: Agro-forestry and fishery product exports increased

10 October 2021, Vietnam: According to the Ministry of Agriculture and Rural Development, the export turnover of agro-forestry and fishery products in September 2021 was estimated at 3.49 billion USD, bringing the total export value of the first 9 months of 2021 to 35.54 billion USD, up 17 .7% over the same period in 2020. In which, the export value of agricultural products was estimated at 15.80 billion USD, up 14.4%; The export value of livestock products was estimated at 345 million USD, up 17.5%; Seafood export value was estimated at 6.17 billion USD, up 2.4%; The export value of forest products was estimated at 12 billion USD, up 31.6%; export value of production inputs was estimated at 1.25 billion USD, up 28.8%; salt export value was estimated at 2.3 million USD, up 15.1%.

It was estimated that the total export value of Vietnam’s agro-forestry and fishery products in the first nine months of 2021 to markets in Asia will increase by 12%, reaching 14.99 billion USD; America increased by 36.2%, reaching 10.92 billion USD; Europe increased by 10.7%, reaching 4.03 billion USD; Africa increased by 8.2%, reaching 663 million USD; Oceania increased by 10.4%, reaching 542 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 nine months of 2021 are 42.2%, 30.7%; 11.3%; 1.9% and 1.5%, respectively.

In the first 9 months of 2021, the United States, China, Japan and South Korea are the 4 largest export markets of Vietnam’s agro-forestry and fishery products. Export value to the US market accounted for 28.6% and increased by 37.2% over the same period in 2020; China accounted for 19.1% (+18.5%). Japan accounted for 6.8% (+4.9%), and Korea accounted for 4.3% (+8.5%).

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The import turnover of agro-forestry and fishery products in September 2021 was estimated at 3.56 billion USD, bringing the total import value in the first 9 months of 2021 to 32.2 billion USD, up 41.6% over the same period last year. In which, the import value of agricultural products is estimated at 20.2 billion USD, up 56.9%; Import value of livestock products was estimated at 2.7 billion USD, up 1.3%; Import value of fishery products was estimated at 1.5 billion USD, up 14.3%; Import value of forest products was estimated at 2.4 billion USD, up 32.8%; Import value of production inputs was estimated at 5.5 billion USD, up 32.1%; Import value of salt was estimated at 14 billion USD, down 13.1%.