11M agro-forestry export turnover at $29.1 billion
Photo: Duc Anh
A 5.9% increase in the value of export products announced by Ministry of Agriculture and Rural Development.
Agro-forestry and fishery export turnover in November is estimated to be $2.69 billion, contributing to an eleven-month total of $29.1 billion, an increase of 5.9 per cent year-on-year, the Ministry of Agriculture and Rural Development has announced.
Over the first eleven months of the year the value of main export goods was $13.7 billion, up 7.2 per cent. Fishery exports are estimated to be $6.4 billion, up 6.9 per cent. The export value of forestry products is about 6.5 billion, a 0.8 per cent increase.
Coffee and pepper are two sectors seeing the strongest growth in both export quantity and value. Coffee exports in November were about 101,000 tonnes with a value of $218 million, contributing to a coffee export total over the eleven months of 1.6 million tonnes with a value of $2.98 billion. Compared to the first eleven months of 2015, coffee exports have increased 36.1 per cent in quantity and 24.3 per cent in value.
Pepper exports in November are estimated at 10,000 tonnes with a value of $78 million. In the first eleven months they stood at 170,000 tonnes with a value of $1.37 billion, equal to an increase of 36.7 per cent and 15.1 per cent, respectively.
Fisheries has made the largest contribution in export turnover, with an export value in November of $661 million, bringing the eleven-month figure to $6.4 billion, an increase of 6.9 per cent year-on-year. The US, Japan, China and South Korea were the four largest markets for the sector in the first ten months, accounting for 54.1 per cent of total export value.
Cashew, rubber, tea, wood and wooden products all achieved increases in quantity and quality compared to the first eleven months of 2015. The increase for cashews was 6.2 per cent and 18.3 per cent, rubber 12.3 per cent and 4.6 per cent, and tea 7.1 per cent and 4.3 per cent. Wood export value was up 0.7 per cent.
Meanwhile, rice has continued the downward trend in recent months. Exports decreased 25 per cent in quantity and 20.3 per cent in value. Cassava and cassava products fell 12.3 per cent in quantity and 24.9 per cent in value. In the first ten months, rice declined 21.2 per cent in quantity and 16.9 per cent in value. October rice exports were estimated at 368,000 tonnes worth $164 million, for a ten-month figure of 4.2 million tonnes and $1.9 billion.
Export turnover in agriculture, forestry and fisheries in October was $2.75 billion, bringing the ten-month figure to $26.4 billion, an increase of 6.3 per cent year-on-year. In the first ten months, agricultural export turnover reached $12.5 billion, up 7.8 per cent year-on-year, while fisheries totaled $5.7 billion, up 5.9 per cent, and forestry $5.8 billion, a slender 0.1 per cent increase.
Coffee exports saw the highest increase, of 40.2 per cent in quantity and 25.4 per cent in value. October coffee exports were 121,000 tonnes worth $246 million, bringing the quantity exported in the first ten months to 1.5 million tonnes worth $2.76 billion.
In the first ten months, products such as rubber, tea and cashew nuts all recorded increases in both in quantity and value.