Export turnover of Vietnam’s agro-forestry-fishery products is estimated to reach 2.37 billion USD in May and total 11.4 billion USD in the first five months of 2015, down 7.3 percent compared to the same period last year.
Seafood production for export. (Photo: VNA)
Shipments of main farm produce, including coffee, rice, rubber, and tea experienced a downward trend in both value and volume.
In the first five months, around 2.4 million tonnes of rice were shipped abroad for 1.05 billion USD, down 11.4 percent in volume and 14.6 percent in value year on year. China remains the largest importer of Vietnamese rice, making up 33 percent of the market share though cutting its import volume by 28.11 percent.
Coffee continued to record a sharp fall in both volume and value. During January-May, Vietnam sold abroad 578,000 tonnes of coffee for 1.2 billion USD, down 39.4 percent in volume and 38 percent in value from the same period last year.
While recording a rise in volume, rubber, however, faced a decline in value. During the reviewed period, 330,000 tonnes of rubber were traded, bringing home 475 million USD, up 30 percent in volume but down 2.9 percent in value year on year.
Tea has not seen any improvements in export. The product earned 70 million USD for 43,000 tonnes, down 0.6 percent and 2.5 percent, respectively, compared to the same period last year.
The exports of pepper and cashews were in the limelight with their upward trend. Vietnam pocketed 667 million USD from pepper (up 2 percent) and 828 million USD from cashews (27.3 percent).
The export turnover of forestry products reached 2.69 billion USD, a rise of 7 percent while aquatic products accounted for 2.41 billion USD, a fall of 17 percent from the same period of 2014.
The US remains Vietnam’s biggest aquatic importer, accounting for 19.5 percent of the total, but its imports declined sharply by 30 percent year on year.