Most agricultural products fell significantly, especially coffee, rice, and seafood.
Export turnover in March stood at $2.12 billion, for a first quarter total of an estimated $6.13 billion, a decline of 13.2 per cent compared with the same period last year, according to the latest report from the Ministry of Agriculture and Rural Development (MARD).
The export value of main agricultural products in the first quarter was estimated at $2.92 billion, down 15.1 per cent. Seafood exports were estimated at $1.27 billion, down 20.6 per cent, while exports of forestry products were estimated to total $1.5 billion, down 0.4 per cent compared with the same period of 2014.
The report also showed that coffee fell the most, by 41.4 per cent in volume and 37.3 per cent in value. Coffee exports in March reached an estimated 125,000 tons worth $258 million. This puts the coffee export volume for the first quarter at 350,000 tons worth $734 million.
Rice exports also fell in March, by 28.1 per cent in volume and 32 per cent in value compared with the same period of 2014. The export volume reached 517,000 tons worth $214 million, for just 1.01 million tons worth $440 million in the first quarter.
Notably, seafood also fell significantly, with export value in the first quarter estimated at $1.27 million, a decline of 20.6 per cent compared with the same period of 2014.