Agro-forestry and fisheries exports hit US$4.3 billion in two months

09:20 | 02/03/2017 Trade

Vietnam’s agro-forestry and fisheries export revenues were estimated at US$1.9 billion in February, bringing the total figure for the first two months of 2017 to US$4.3 billion, up 1.4% compared to the same period of 2016.

Rubber items register the largest growth in the first two month, up 25.4% in volume and 2.4 times in export value

According to the Ministry of Agriculture and Rural Development, the export value of major farming items hit roughly US$2.4 billion, up 8.8% year on year, while the respective values for the fisheries and forestry sectors were US$844 million, down 3.1%, and US$993 million, up 0.3%.

Rubber items registered the largest growth, up 25.4% in volume and 2.4 times in export value. Vietnam exported 193,000 tonnes of rubber in the January-February period, raking in a revenue of US$392 million.

Wood items and products took the lead in terms of export value, with approximately US$944 million, up 0.8% against the same period last year.

In addition to increases, a number of key export items saw sharp year-on-year declines, including rice, tea, fisheries products, cashews and pepper. Rice exports reached 799,000 tonnes in volume and US$248 million in value, down 17.2% and 40.6%, respectively.

In the opposite direction, Vietnam imported roughly US$2.19 billion worth of agro-forestry and fisheries products in February, making the two-month figure about US$4.07 billion, up 21.8% over the same period of 2016.

Theo NDO