1H agri export turnover up 13.1%

Illustrative image (Source: vietnambiz)

Turnover reaches $17.1 billion in first half, with $2.97 billion in June.

Export turnover of agriculture, forestry and fishery products in June was estimated at $2.97 billion, bringing the figure for the first half of the year to $17.1 billion, up 13.1 per cent year-on-year, according to Ministry of Agricultural and Rural Development.

The export value of major agricultural commodities was estimated at $9.1 billion, an increase of 15.4 per cent year-on-year, key forestry products $3.8 billion, up 12.8 per cent, and fishery products $3.5 billion, up 14.1 per cent.

Most segments recorded strong increases in both volume and value, such as rice, seafood, vegetables, tea, rubber, and wood and wooden products.

The largest increase was in the vegetable segment, of 44.6 per cent year-on-year. The export value of fruit and vegetables in June was estimated at $283 million, for a first-half estimate of $1.7 billion.

China, the US, Japan, and South Korea were the top four importers of Vietnamese fruit and vegetables in the first six months, accounting for 84.7 per cent of all fruit and vegetable exports.

The rubber segment also saw a sharp increase, of 5 per cent in volume and 58.6 per cent in value year-on-year. Volumes in June reached 100,000 tons with a value of $158 million, for first-half estimates of 462,000 tons and $867 million.

The rice sector maintained growth in the first half, increasing 6.3 per cent in volume and 4.9 per cent in value year-on-year. Rice exports were estimated at 413,000 tons valued at $182 million, bringing the first-half figures to an estimated 2.8 million tons and $1.2 billion.

The seafood segment contributed about $3.5 billion to export turnover in the first half, up 14.1 per cent year-on-year. Export value in June was estimated at $653 million.

Wood made the biggest contribution to export turnover in the first half. Wooden product exports were estimated at $3.6 billion, an increase of 13.2 per cent year-on-year, and reached $609 million in June.

Conversely, some products saw significant declines, such as cassava and cassava products, which were down 7.6 per cent in volume and 11.8 per cent in value, and pepper, up 18.3 per cent in volume but down 16.8 per cent in value.