Agro-forestry-fishery exports reach over US$25 billion in ten months

Monday, 2014-10-27 16:48:17
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Processing cashews at Dong Nai Import Export Processing Agricultural Products and Foods Company (Donafoods) (Image credit: VNA)
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NDO – Exports of agricultural, forestry and fishery products in October were estimated at US$2.28 billion, bringing the sector's export value during the first ten months of 2014 to US$25.39 billion ─ an increase of 11.2% compared to the same period last year.

Statistics from the Ministry of Agriculture and Rural Development showed that exports of primary agricultural products during the Jan-Oct period were estimated at US$12.25 billion, up 11.5% year-on-year, while seafood reached US$6.48 billion (up 19.9%) and forestry products US$5.24 billion (an increase of 12.9%).

In recent months, exports of most commodities have seen strong growth, including coffee, cashew, pepper, seafood, wood and wood products.

Rice exports have recorded a slight but notable increase in value against the continuous downward trend since the beginning of this year. In October, rice exports were estimated at 669,000 tonnes in volume and US$317 million in value, putting total rice exports in the last ten months at 5.68 million tonnes with a value of US$2.59 billion ─ down 2.7% in volume but up by 1.2% in value compared to the same period in 2013.

Coffee saw the highest increase in exports, increasing by 37.1% in volume and 33.5% in value. Coffee exports in October alone were estimated at 101,000 tonnes and valued at US$220 million, bringing the total volume of coffee exports to 1.49 million tonnes worth US$3.10 billion during the ten month period.

Seafood also made a major contribution to total agro-forestry-fishery exports, valued at US$6.48 billion in the past ten months, up 19.9% compared to same period in 2013.