POST Online Media Lite Edition


Vietnam's farm exports saw small increase in 9 months

Staff Writer |
Vietnam's agro-forestry-fishery export revenue is expected to reach $23.3 billion in the first nine months of 2016, up 6% year-on-year, said the Ministry of Agriculture and Rural Development (MARD).

Article continues below

Among major agricultural export items, from January to September, the country is forecast to earn $1.69 billion from exporting 3.76 million tons of rice, down 12.5 percent in value and 16.4 percent in volume year-on-year.

Average export price of rice in eight-month period reached $449 per ton, up 4.3 percent year-on-year.

During nine-month period, Vietnam is estimated to rake in $2.48 billion from selling 1.39 million tons of coffee abroad, up 22.1 percent in value and 38.9 percent in volume year-on-year.

Average export price of Vietnamese coffee stood at $1,774 per ton, down 13.3 percent year-on-year.

Germany and the United States remained Vietnam's largest coffee consumers, with respective market shares of 15.3 percent and 13.3 percent.

During eight-month period, Vietnam witnessed sharp year-on-year increase in coffee export revenue to China (53.6 percent), the United States (45.1 percent) and Germany (32.9 percent) among others.

Meanwhile, exports of 845,000 tons of rubber is forecast to bring in $1.1 billion for Vietnam during January-September period, registering an increase of 14.6 percent in volume and 1 percent in value year-on-year.

Average export price of Vietnamese rubber hit $1,255 , down 13.6 percent year-on-year. During eight-month period, China and India were two major importers of Vietnamese rubber, making up 64.6 percent of the market share.

Also, Vietnam is likely to see increase in exports of tea, cashew nuts, and pepper to world markets.

At the same time, the country is expected to pocket $4.9 billion from shipping wood and wood-related products abroad, down 0.1 percent year-on-year.

The United States, Japan and China were among major markets for Vietnamese wood in eight-month period, accounting for 68.8 percent of total export revenue of the item.

For fishery products, in the first nine months, Vietnam is likely to earn $4.93 billion from seafood exports, up 4.3 percent year-on-year.

The United States, Japan, China and South Korea are four main importers of Vietnamese seafood, making up 53.7 percent of the total export revenue.