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Agro, forestry and fisheries exports surge 7.6% in Q1

VIETRADE - The export revenue of agro, forestry and fisheries products experienced a year-on-year increase of 7.6% in the first quarter of this year to US$7.6 billion, according to the Ministry of Agriculture and Rural Development.

 

In March alone, the earnings from these products were estimated at US$2.9 billion, the ministry noted.

 

Of the total figure for Q1, export value of main farming products contributed to US$4.2 billion, a yearly rise of 13.5%.

 

However, rice, a key farming product, still encountered with export difficulties in the first quarter. Only 1.28 million tonnes of rise were shipped abroad, bringing home a revenue of US$566 million. The exports dropped 18.1% in volume and 17.3% in value compared with same period last year.

 

In a bright spot, coffee exports increased significantly in value, although volume fell over the same period last year. Coffee exports in the first three months saw a year-on-year increase of 25.6% in value to reach US$1 billion but witnessed a year-on-year decrease of 5.4% in volume to 449,000 tonnes.

 

There were many export markets for Vietnamese coffee, which led to the strong growth in export value, including the Republic of Korea (up 79.3%), the US (60%), Algeria (50.1%) and Spain (33.6%) beside to Germany (28.8%), the UK (27.4%), Japan (21%) and Italy (20.2%).

 

From January to March, rubber exports also increased sharply in value. The domestic rubber industry exported 249,000 tonnes of rubber for a revenue of US$510 million, up 2% in volume and 90.6% in value on the corresponding period last year.

 

China, South Korea and Malaysia were the three leading export markets of Vietnamese rubber products, the ministry said.

 

In three-month period, exports of wood and wooden goods witnessed strong growth of 13% to top US$1.7 billion, with US$649 million earned in March.

 

Meanwhile, seafood export value reached US$1.5 billion, surging 3.6% year-on-year, including US$537 million in March, the ministry said, adding that Japan, the US, the Republic of Korea and China were the four largest importers of Vietnamese seafood products.

 

According to the ministry, the import value of agro-forestry-fisheries products was estimated at US$1.96 billion in March, bringing the total import value in the first quarter of the year to US$6.01 billion, up 14.3% over the same period last year.

 

The import of major agricultural products hit US$4.51 billion, up about 20.1% over the same period in 2016.

 

Earlier, the ministry expected that the country’s agro-forestry and fisheries exports this year would reach US$32.5-US$32.8 billion. /.



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