Wednesday, December 15, 2010

Agro-forestry-seafood exports continue soaring

The , a year-on-year increase of 22.3 agro-forestry-seafood sector earned US$1.75 billion from exports in September, raising its total export turnover in the first nine months of the year to $13.93 billionpercent.

Of the total, agricultural products brought home $7.32 billion, up 21 percent and seafood, $3.47 billion, up 14.2 percent.

Rice topped the list of agro-forestry products in terms of both export volume and value with 5.55 million tons worth $2.56 billion in the nine-month period, representing respective increases of nearly 12 percent and over 14 percent. The prices of Vietnamese rice have come close to those of Thailand , the world’s largest rice exporter.

Several other agricultural products also recorded increases in both export volume and value, including coffee with 925,000 tons, earning over $1.3 billion, up 4.2 percent in volume and nearly 1 percent in value. Germany was Vietnam ’s largest coffee consumer with 13.5 percent of the country’s total export volume, followed by the US with 12.7 percent.

Rubber exports rose only 10.9 percent in volume but saw a double growth in value compared to the same period last year thanks to an 86-percent increase in price. In the first nine months, Vietnam shipped 531,000 tons of rubber, earning $1.45 billion. China was Vietnam’s biggest rubber importer that accounted for over 57 percent of the country’s total export value.

The country’s tea export turnover reached $146 million, soaring 16.7 percent year-on-year while the export volume increased only 4 percent with 100,000 tons. Pakistan was the largest importer of Vietnam ’s tea products, followed by Taiwan and Russia .

Vietnam remained the number one cashew nut exporter in the world. In the reviewed period, the country exported $143,000 tons worth $780 million, up 10 percent in volume and 30 percent in value. Vietnamese cashew nuts were shipped to 50 countries and territories worldwide with the US being the largest consumer, accounting for nearly 34 percent of the country’s total export value.

Pepper saw a decrease of 5.6 percent on volume but its export value was up over 30 percent over last year’s correspondent period with 102,000 tons and $345 million respectively.

Forest products and timber recorded a high export turnover of $2.6 billion. However, the nine-month import turnover of timber material still reached $827 million despite a year-on-year drop of up to 30.9 percent.

Seafood continued to affirm itself as the country’s strategic export item with $3.5 billion in nine-month export turnover. Japan and the US were the two largest consumers of Vietnamese seafood with respective proportions of 18.4 percent and 18 percent.

In the nine-month period, Vietnam imported $9.5 billion worth of materials for agro-forestry-seafood production, up over 27 percent year-on-year.

 

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