Vietnam’s farming exports up 19.7% in first quarter

Vietnam exported US$10.61 billion worth of agricultural, forestry and fishery products in the first quarter of 2021, up 19.7% compared with the same period last year.

Vietnam’s farming exports up 19.7% in first quarter

According to the Ministry of Agriculture and Rural Development (MARD), export revenue of the main agricultural goods reached US$4.59 billion and key forestry products US$3.94 billion, while fishery exports were estimated at US$1.69 billion.

In March alone, Vietnam’s farming exports brought in US$4.12 billion, up 20% from the same month in 2020 and 57.4% against the previous month.

Several exports with revenue during January-March higher than the same period last year include rubber, tea, fruit and vegetables, cassava, shrimps and timber.

In terms of export markets, Asia accounted for 54.4% of total exports, followed by the Americas at 32.2% and Europe at 11.8%.

Exports to Vietnam’s four main markets, namely the US, China, Japan and the Republic of Korea, recorded respective growth rates of 45.8%, 39.5%, 3.4% and 9.5%.

In the first quarter of 2021, Vietnam also imported US$7.74 billion worth of farming goods.