VINACHEM

Since the beginning of the year to mid-September, Việt Nam's agricultural, forestry, and fishery trade turnover reached approximately US$69.84 billion, according to the General Department of Customs.

The country currently boasts a trade surplus of nearly $12.4 billion in these sectors.

In the first half of September 2024, the trade turnover of key agricultural, forestry, and fishery products was estimated at $1.48 billion, with exports reaching $1.03 billion and imports totalling $448 million.

From the beginning of the year to 15 September, the export turnover of key agricultural, forestry, and fishery products stood at approximately $41.11 billion, while imports amounted to $28.72 billion.

Statistics from the Ministry of Agriculture and Rural Development indicate that by the end of August 2024, the export turnover growth rate of key agricultural, forestry, and fishery products had reached 18.6 per cent year-on-year, while import turnover had increased by around 5.6 per cent.

Among export items, wood and forest products took the lead with a turnover of nearly $10.9 billion, followed by seafood at approximately $6.68 billion. Fruit and vegetables, coffee, and rice also recorded significant turnovers, amounting to $5.18 billion, $4.13 billion, and $4.06 billion, respectively. Cashew nuts and rubber also contributed notably, with export turnovers of nearly $3 billion and $2 billion, respectively.

On the import side, animal feed and raw materials were the largest imports, totalling $3.45 billion, followed by cashew nuts at around $2.55 billion. Additionally, Vietnamese enterprises spent roughly $1.75 billion on seafood imports and $1.54 billion on fruit and vegetables.

The Ministry of Agriculture and Rural Development noted that, given the current export turnover growth rate, many agricultural, forestry, and fishery products are likely to see a breakthrough in growth in the coming months as the year-end harvest season approaches. Therefore, the target of achieving $55 billion in export turnover for agricultural, forestry, and fishery products in 2024 is expected to be met soon.