Export and import turnover of agriculture, forestry and fishery products totaled USD59.2 billion from January to October 2020, including USD33.6 billion worth of exports, up 1.1%, and about USD25.6 billion of imports, down 1.5%, according to the Ministry of Agriculture and Rural Development.
Photo for illustration
Thus, the sector enjoyed a surplus of USD7.9 billion, up 10.7% compared to the same period last year.
The ministry reported that despite COVID-19, several farm produce items earned higher export revenue year-on-year, including rice, vegetables, cassava, shrimp, wood, and wooden and bamboo products.
Coffee, rice, cashew nuts, fruit and vegetables, shrimp, and wooden furniture joined the USD2 billion export club, while eight other categories of goods each earned more than USD1 billion.
Sectors posting a decline in export value include pepper, down 15%, fruit 18.5%, and tra fish over 21%.
For export markets, the US remained Vietnam’s largest export market, with about USD8.6 billion, up 20% year on year and accounting for around 25.6% of the market. Following markets are China with nearly USD8.2 billion, down 7.8% and making up 24.3%, ASEAN with USD3.2 billion, up 3.5%, and the EU with USD3.1 billion, down 1%./.
BTA