Agroforestry and fishery exports in Vietnam for the ninth month increased by 15.2%.

Vietnam enjoyed a 15.2% year-on-year rise in export earnings from agroforestry and fishery products in the first nine months of 2022, with figures reaching an estimated $40.79 billion, the Ministry of Agriculture and Agriculture announced on Monday. Rural Development (MARD).

Of this sum, exports of agricultural and forestry products reached 16,830 million dollars and 13,300 million dollars, with an increase of 7.5% and 38% year-on-year, respectively.

Among the agricultural and forest products that registered an export volume of more than 2,000 million dollars are wood and wooden articles, with more than 12,400 million dollars, 11.4% more; coffee, with almost 3,100 million dollars, 38% more; rubber (2.3 billion dollars, 8% more) and rice (2.6 billion dollars, 9.3% more). Other goods with a positive export value were cassava and products made from cassava (more than 1,000 million dollars, 21% more) and pepper (774 million dollars, 8% more).

At the same time, those of livestock reached 265.5 million dollars, 18.4% less, and those of production inputs exceeded 1,890 million dollars, 50% more.

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During the nine months, exports of fishery products also experienced a significant increase of 38%, reaching 8.5 billion dollars. In September alone, exports of seafood products reached 850 million dollars, with an increase of 36% year-on-year, with trawl fish registering the highest growth, 97%, to 161 million dollars.

Inflation has reduced the demand for many seafood products. Still, tra fish remains a profitable export item from Vietnam thanks to its affordable price, the Vietnam Association of Seafood Producers and Exporters (VASEP) has said.

Meanwhile, shrimp exports exceeded $350 million in September, up 13% year-on-year. The increase, however, was the lowest among the main export products.

According to VASEP, a lack of raw shrimp and slower demand in export markets due to inflation caused shrimp exports to decline in September compared to the previous month.

In nine months, shrimp exports had brought in nearly $3.4 billion, an annual increase of 23%, while trawl fish exports earned almost $2 billion, up 82% a year.

those of livestock reached 265.5 million dollars, 18.4% less, and those of production inputs exceeded 1,890 million dollars, 50% more

Lê Hằng, deputy director of VASEP Trade Promotion and Training Center, said that CPTPP member countries imported almost 2.2 billion US dollars worth of Vietnamese seafood in this period, 41% more than in the same period last year. previous. The US and the EU were in second place, with a respective import volume of 1.4 billion dollars and more than 1 billion dollars, with an increase of 22% and 41%.

Meanwhile, shipments of seafood to China saw the biggest growth, up 76% to $1.35 billion from January to September, Hằng noted.

Although China is an unpredictable market, it remains the target market for Vietnamese seafood companies in the last months of the year, as demand from this neighboring market has picked up, industry insiders say.

Close geographical factors have also made the Chinese market the choice of many domestic companies, especially in the context that transportation costs and congestion remain a major problem in world trade.

Thanks to this positive performance of exports in the first nine months, the country’s seafood exports are on track to meet the annual target of 10,000 million dollars by the end of November.

Overall, the total volume of exports of agroforestry and fishery products is expected to reach 55 billion US dollars by the end of the year, 5 billion more than the government’s target.

The Vice Minister of Agriculture and Rural Development, Phùng Đức Tiến, declared at a press conference on Monday that, between now and the end of the year, his ministry will continue to accelerate the restructuring of the sector, improving productivity and quality and reorganizing production according to zones. specialized farms.

The ministry has guided localities, especially in key rice-growing, livestock and aquaculture areas, to draw up production plans suited to market needs, Tiến said.

seafood shipments to China posted the highest growth, up 76%, to $1.35 billion from January to September

He added that ensuring the sustainable development of the livestock industry to provide a sufficient supply of food and pork, especially during the upcoming Tết holidays, would also be included.

In addition, the ministry would actively partner with the Ministry of Industry and Trade and the Ministry of Foreign Affairs to research and provide analysis and forecasts of global demand and supply of agroforestry and fishery products.

Top priority would also be given to facilitating the application and transfer of science and technology and improving the productivity and quality of agricultural products, Tiến said.

Article republished from the Vietnamese state media VNA as part of an agreement between both parties to share content. Link to original article:https://vietnamnews.vn/economy/1341403/nine-month-s-agro-forestry-fisheries-exports-surge-15-2-per-cent.html