Trang tiếng Việt
Vietnam’s agro-forestry-seafood exports enjoyed trade surplus in the first quarter of 2016

VIETRADE - After months of consecutive decline, export turnover of agro-forestry-seafood products experienced growth in the first quarter of 2016, contributing to the trade surplus across the sectors.

 

Various commodities enjoyed growth in export value.

According to the Ministry of Agriculture and Rural Development (MARD), export value of agro-forestry-seafood exports  was estimated at nearly USD 2.54 billion, contributing to the total of USD 6.73 billion in the first quarter, equaled to a 3.1% increase over the same period in 2015. Primary agriculture exports enjoyed a USD 3.41 billion of worth, up 8.6%; aquaculture exports experienced USD 1.57 billion of value, 1.1% lowered than figures in 2015.

 

In the first three months of 2016, exporting rice has enjoyed growth both in volume and value. Despite a 5.78% year on year reduction in price, averaging at USD 433 per ton, the export turnover of rice was compensated by the increase in export volume. Particularly, statistics in March 2016 showed an export volume of 629,000 tons, equivalent to USD 274 million, resulted in the total export volume in the first three months of 1.59 million tons and export value of USD 692 million, translated into a year on year growth of 41.6% and 40.8% in volume and value respectively.

 

Indonesia has displaced China to rank first among the top rice importers from Vietnam. Other top rice importers of Vietnam are the Philippines, Malaysia, the United Emirates Arab.

 

Apart from rice, coffee has also enjoyed growth in export volume and value in the first quarter. In March 2016 alone, export of coffee was recorded approximately 188,000 tons, worth USD 300 million, resulted in the first quarter’s total export volume of 479,000 tons, and export value of USD 808 million, translated in to a year on year growth of 30.2% and 5.7% in volume and value respectively.

 

Exporting price for coffee averaged at USD 1,711 per ton in the first two months, 18.8% lowered than the same period of 2015. Germany and the US remain the top importers of Vietnamese coffee during the period accounting for 17.09% and 12.67% of the market share respectively.

 

Export turnover of cashew nuts enjoyed growth despite the reduction in export volume for the first quarter of the year. In March 2016, export of cashew nuts was estimated at 20,000 tons, worth USD 149 million, resulted in a total of 55,000 tons ( 1.7% year on year reduction )  in volume and USD 416 million in value (3.3% year on year increase).

 

Exporting price for cashew nuts in the first two months of 2016 averaged at USD 7,530 per ton, a 5.5% year on year increase. The US, China and Holland top the list of Vietnamese cashew nut importers, accounting for 278.54%, 21.16% and 12.71% of the market share respectively.

 

Seafood exports experienced slight growth during the first quarter. Seafood export turnover was recorded at USD 481 million, resulted in the total export turnover in the first three months of nearly USD 1.36 billion, a 1.7% year on year increase. Top seafood importers from Vietnam are the US, Japan, China, and Korea with export value accounts for 51.84% of the total worth during the first two months.

 

Some commodities experienced decline in export turnover

Despite the increase in export volume, rubber export witnessed significant reduction in value due to the drop in price in the first quarter of 2016. Particularly, in March 2016, export volume was recorded at 87,000 tons, equivalent to USD 99 million, leading to the total export volume in the first three months of 233,000 tons, equivalent to USD 263 million, a 19.2% up in volume but 6.1% down in value in comparison to statistics of 2015.

 

Rubber exporting price in the first two months averaged at USD 1,199.96 per ton, a year on year reduction of 21.31%. China and India are the biggest rubber importers from Vietnam, accounting for 59.6% of the market share.

 

Similarly, pepper exports in the first three months was estimated at 21,000 tons, equivalent to USD 171 million of value, adding up to the total of export volume in the first quarter of 41,000 tons, equivalent to USD 349 million in value, a 7% up  in volume, but 1.1% down in value as compared to figure in 2015.

 

Pepper exporting price averaged at USD 8,878.86 per ton, a 3.8% year on year reduction. Vietnam's top pepper importers are the US, India, the United Emirates Arab and Holland.

 

Produce experienced drop in both volume in the first two months and value are tea, cassava and cassava by-products.

 

Export volume for tea  in March, 2016 was estimated at 7,000 tons, equivalent to approximately USD 10 million, adding up to the total export volume in the first three months of 2016 to 23,000 tons, equivalent to USD 35 million in value, a year on year reduction of 5% and 10.2% reduction in volume and value respectively.

 

Tea exporting price for the first two months averaged at USD 1,554.2 per ton, a reduction of 8% in comparison to figure in 2015. Vietnam exports tea mainly to Pakistan, Indonesia, Malaysia, etc.

 

Export volume of cassava and cassava by-products in the first three months of 2016 were estimated at 572,000 tons, equivalent to USD 140 million, adding up to the total of cassava and cassava by-product export volume of 1.26 million tons, equivalent to USD 323 million, a year on year decline of 12% in volume and 27.5% in value. China is the largest cassava importer, taking up 88.43% of the total export turnover in the first two months of 2016.

 

During the first quarter, export turnover from wood and wooden products were estimated at USD 1.49 billion, a 1.4% drop compared to statistics of 2015.

 

Particularly in March, export value was calculated at USD 549 million. The US, Japan and China remain the biggest importers of Vietnam's cassava in the first two months (accounting for 65.98% of the export value for wood and wooden products).

 

Declining import turnover resulted in a cross-sectoral trade surplus

While the export turnover for agro-forestry-seafood products is moving upward, import turnover of these commodities went in an opposite direction.

 

In March 2016, import value for agro-forestry-seafood products was estimated at USD 1.97 billion. The total import value for the first three months was estimated at USD 5.31 billion, a 3.9% drop in comparison with statistics of 2015.

 

Most of the imported agro-forestry-seafood products in the first three months of 2016 experienced a downturn, out of which, imported fertilizers worth approximately USD 249 million, a 6.3% year on year reduction; imported pesticide and materials worth USD 175 million, a 9.7% year on year reduction; imported wood and wooden products worth roughly USD 490 million, a 17.4% year on year reduction; imported animal feed and materials worth roughly USD 724 million, a 16.3% year on year drop; imported rubber worth USD 131 million, a 13.7% year on year reduction; imported seafood products worth USD 228 million, a 12.7% year on year drop; imported cashew nuts worth USD 165 million, a 19.5% year on year drop; imported soya bean worth roughly USD 95 million, a 60.3% year on year drop.

 

All in all, by the end of the first quarter of 2016, agro-forestry-seafood exports enjoyed a trade surplus of USD 1.42 billion. Trade surplus for March only was USD 579 million.



Newer news items:
Older news items:

 
© 2011 Vietnam Trade Promotion Agency - VIETRADE
 This site best viewed with Google Chrome