09:22 | 31/07/2018 Trade
The export revenue of agricultural, forestry and fishery products was estimated at US$2.87 billion in July, raising the total export revenue in the first seven months of this year to US$22.2 billion, an annual increase of 7.8 pct, according to the Ministry of Agriculture and Rural Development (MARD).
|Rice exports in the first seven months increase by nearly 30 pct year on year - Photo: VGP|
According to the MARD, the export value of key agricultural products reached US$11.6 billion, an increase of 3.6 pct over the same period in 2017. Meanwhile, key forestry products posted export revenue of US$5.03 billion, an annual increase of 12.3 pct and fishery products reported export revenue of US$4.63 billion, up 6.3 pct over the same period last year.
Rice, fruit and vegetables, and forestry and fishery products recorded the largest export growth during the January-July period, the MARD stated.
In the first seven months of this year, Vietnam shipped 3.87 million tonnes of rice with a total value of US$1.96 billion, an annual increase of 12.2 pct and 29.2 pct in terms of volume and value respectively. The country also earned US$2.28 billion worth of fruit and vegetable exports, up 12.6 pct over the same period in 2017.
Indonesia, Russia, Germany, Malaysia and the Philippines are among the markets posting the highest export growth with Vietnam in the seven-month period.
In July, the Mekong Delta region, the nation’s largest agricultural hub, saw slight decreases in the prices and exports of rice. It is forecast that, the domestic rice market will revive in the last few months of the year due to increasing demands from import markets.