Exports of major items, especially rice and seafood, fell during first eight months.
The latest report from the Ministry of Agriculture and Rural Development (MARD) shows that export turnover in the agriculture sector in August was at an estimated $2.38 billion, bringing export value in the first eight months of the year to $19.31 billion, a decline of 4.8 per cent compared with the same period last year.
The export value of main agricultural products, in particular rice and seafood, was estimated at $9.18 billion, down 7.7 per cent.
Rice exports in August stood at 505,000 tons, worth about $228 million, bringing rice exports in the eight months to 4.09 million tons in volume and $1.76 billion in value, down 8.6 per cent and 13.1 per cent, respectively, year-on-year.
The value of seafood exports in August, meanwhile, was estimated at $554 million, for an eight month total of $4.13 billion, down 17.5 per cent over the same period of 2014. The US remained the leading importer of Vietnam’s seafood, accounting for 19.21 per cent of total turnover.
In the first seven months seafood exports to the US reached $687.16 million, down 29.39 per cent over the same period of 2014. Exports to Japan and South Korea also fell significantly, by 10.56 per cent and 10.45 per cent, respectively. Seafood exports grew notably, however, in markets such as Thailand (up 19.03 per cent) and the UK (up 30.02 per cent).
The MARD report also showed that wood exports in August reached $556 million in value, for an eight month total of $4.3 billion, up 8.5 per cent compared with the same period last year.
The US, Japan, and China were three largest wood importers of Vietnam in first seven months, accounting for 66.84 per cent of the total.