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Vietnam Today

5M agri exports at $13.7bn

Released at: 09:42, 27/05/2017

5M agri exports at $13.7bn

Photo: Ipsard

Rice exports grow in volume and value after a long period of continuous decline.

by Ngoc Chi

Export turnover of agriculture, forestry, and fishery products in May was estimated at $2.8 billion, bringing the total export value in the first five months of the year to $13.7 billion, an increase of 9.5 per cent year-on-year, according to the latest figures from the Ministry of Agriculture and Rural Development (MARD).

The export value of major agricultural commodities was estimated at $7.3 billion, up 12.6 per cent year-on-year. Exports of aquatic products were valued at $2.8 billion, up 10.4 per cent, while key forestry products brought in $3.1 billion, up 9.4 per cent.

Exports of rice grew in volume and value after a long period of continuous decline, rising 1.6 per cent in volume and 1.2 per cent in value year-on-year.

Total export volume reached 538,000 tons in May, worth $245 million, for five-month figures of 2.3 million tons and $1 billion.

Exports of fruit and vegetables remained stable with high growth of 38 per cent year-on-year. Export value was $344 million, bringing the total in in the first five months to $1.38 billion.

China, the US, Japan, and South Korea were Vietnam’s largest markets, accounting for 83.8 per cent of the total.

Indonesia will become an important market for Vietnamese fruit, especially oranges, as it oranges have fallen out of favor in the domestic market, according to the Vietnam Trade Office in Indonesia. Vietnamese orange exporters were recommended to research exporting to the country.

Vietnamese fruit and vegetables are exported to 60 countries and territories worldwide, with Indonesia among the major importers.

Total fruit and vegetables export value reached $2.4 billion in 2016 and is expected to increase to $3 billion this year.

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