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Agro-forestry-fisheries Exports hit 24.61 bln USD in 10 months PDF Print
Monday, 26 October 2015 10:24

VIETRADE - Report by the Ministry of Agriculture and Rural Development indicated that agro-forestry and fisheries exports in October, 2015 was estimated at 2.55 billion USD adding up to the 24.61 billion USD export value in the first 10 months of 2015, a 3.8% decrease over the same period of last year. Out of this, export value of key agricultural export products was estimated at 11.51 billion USD, a 6.1% decrease over the same period of last year.

 

Coffee experienced the biggest surge in export value among all produces with the export volume in the first 10 years estimated at 1.05 million tons, equivalent to a total of 2.13 billion USD, down 29.6% in volume and 31.4% in value compared to the same period of last year. Germany and the US continue tobe the largest consumers of Vietnam's coffee in the first 9 months, taking 14.15% and 11.61% of the market share respectively.

 

Export volume of rubber in September, 2015 was estimated at 120 thousand tons, equivalent to 149 million USD, which may add up to 870 thousand tons in export volume and 1.22 billion USD in export value for the first 10 months of 2015, a 3.5% increase in volume, but a 15.8% decrease in value compared with the same period of 2014. Rubber's average exporting price in the first 9 months of 2015 was 1,426 USD/ton, a 19.4% decline in comparison with the same period of 2014. China, Malaysia and India remain the 3 largest customers of Vietnam's nine-month rubber exports, accounting for 71.88% of the market share.

 

Rice is also one of the produces that experience decrease in both volume and value in the first 10 months of 2015, showcased in a 4.6% decrease in volume and 11.7% decrease in value compared with the same period of 2014. The nine-month rice exporting price was averaged at 428.69USD/ton, 6.3% lower than the same period of 2014. China remain the largest consumer during this period, accounting for 37.03% market share.

 

Rice exports to China in the first 9 months experienced 4.67% increase in volume but 3.07% decrease in value compared to the same period of 2014. In contrast to the first 9 months of 2014, those markets have enjoyed robust growth are: Malaysia with 18.58% up in volume and 9.22% up in value, becoming the 3rd largest rice importer of Vietnam, holding 9.11% of the market share; Ghana with 12.29% up in volume and 5.35% up in value, ranked fourth among the largest rice importers of Vietnam; the Ivory Coast with 42.72% up in volume and 35.51% up in value, ranked fifth in the list. Those markets witnessed the dramatic decline in the first 9 months in 2015 compared to the same period of 2014 are: the Philippines (36.36% down in volume and 33.58% down in value) and Hong Kong (27.65% down in volume and 34.56% down in value).

 

Tea exporting price experienced a slight increase, however due to the reduction in exporting volume, there was a downturn in value. The ten-month tea export was estimated at 99.000 tons (down 9.1%) equivalent to 170 million USD (down 8.4%) compared with the same period of 2014. The nine-month tea export volume to Pakistan-the largest tea importer of Vietnam holding 38.11% of the market share- experience a 3.73% increase in volume and 2.09% in value as compared with the same period of 2014. Markets with sudden growth are Russia (up 21.46%), the United Arab Emirates (up 98.1%) and Indonesia (up 23.57%).

 

As for wood and wooden products, the ten-month estimated export value was 5.47 billion USD, a 7.9% increase as compared to the same period of 2014. The US, Japan and China are the 3 largest consumer, accounting for 67.21% of the total export value. The ten-month aquatic exports brought home 5.37 billion USD, a 17.7% year over year drop. Most of the aquatic products go to the US, which consumes 19.43% of the total export value.

 

The October's pepper export volume was estimated at 6 thousand tons, equivalent to 62 million USD, making the ten-month export volume  and value total at 117 thousand tons and 1.11 billion USD respectively, a 19.6% lower in volume but 0.5% higher in value. The pepper exporting price in the first 9 months averaged at 9,472 USD/ton, up 25.3% as compared to the same period of 2014. Vietnam's largest pepper consumers are the US, the United Arab Emirates and Singapore occupying 37.03% of the market share. Other markets experienced strong growth are Germany (38.16%); Korea (33.11%), Spain (29.37%) and the UK (23.95%).

 

Cashew nuts was the only produce that enjoyed export growth. Cashew nuts'  export volume in the first 10 months was 272 thousand tons, equivalent to 1.97 billion USD, up 6.8% in volume and up 18.1% in value compared to the same period of 2014. The nine-month cashew nut exporting price averaged at 7,263 USD/ton, a 11.8% increase in comparison with the same period of 2014. The 3 top importing markets are the US, China and Holland, accounting for 35.67%, 12.92% and 12.86% of the total export value respectively.

 

Aquatic export value in October, 2015 was estimated at 605 million USD, adding up to the 5.37 billion USD export value in the first 10 months of 2015, down 17.7% as compared to the same period of 2014. The US remains the largest aquatic product importer, accounting for 19.43% export value. The nine-month export value to the market was 927.32 million USD, down 27.28% as compared to the same period of 2014. Aquatic exports to Japan and Korea also experienced noticeable decrease, which are 11.74% and 12.11% respectively. Thailand and the UK are markets witnesses export growth of 21.19% and 14.34% respectively.

 

The same report also indicated the import value of the agro-forestry and fisheries products in the first 9 months of 2015 was estimated at 19.17 billion USD up 7.1% compared to the same period of 2014. Out of this, import value of key products was 14.43 billion USD, a 13% year-on-year increase. The trade balance therefore enjoys a surplus of 5.44 billion USD.

 

The Ministry informed that in October, the domestic staple market has not been up to expectation as the procurement activities have been promoted to meet the exporting demand for such markets as the Philippines and Indonesia. The domestic price for cashew nuts are still high during the last several months of the year as demand for cashew nuts  is high for such holiday occasions as 2015 Christmas, 2016 New Year and 2016 Tet.



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