Showing posts with label total export. Show all posts
Showing posts with label total export. Show all posts

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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Saturday, December 11, 2010

Agro-forestry-seafood exports continue soaring

Agro-forestry-seafood exports continue soaring

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


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


Rice topped the
list of agro-forestry products in terms of both export volume and value
with 5.55 million tonnes worth 2.56 billion USD 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 tonnes, earning
over 1.3 billion USD, 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 tonnes of rubber, earning 1.45
billion USD. 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 USD, soaring
16.7 percent year-on-year while the export volume increased only 4
percent with 100,000 tonnes. 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 tonnes worth
780 million USD, 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 tonnes and 345 million USD respectively.


Forest products and timber recorded a high export turnover of 2.6
billion USD. However, the nine-month import turnover of timber material
still reached 827 million USD 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 USD 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 USD worth of materials for agro-forestry-seafood
production, up over 27 percent year-on-year./.

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Sunday, October 17, 2010

Ministry says trade deficit uder check

HANOI – The Ministry of Industry and Trade is confident that the country’s target to keep trade deficit under 20% of the export value this year is well within reach given the strong export growth in the year to date.

Vu Van Chinh, head of the ministry’s Import-Export Department, told an online review meeting on Monday that “keeping trade deficit at less than 20% of the total export value this year is highly probable unless there occur sharp changes in the rest of the year.”

Export value in the January-August period increased by 19.7% year-on-year to US$44.85 billion, while import expenditure in the period totaled US$52.67 billion, leaving a trade deficit equivalent to 18.32% of export earnings, Chinh said.

Trade deficit stood at US$0.9 billion in August, which is the fourth straight month the deficit is kept below the bar, according to Chinh.

Therefore, “the trade deficit target is within reach if there are no upsurges in imports due to speculation on commodities,” he remarked.

Chinh predicted that exports would remain upbeat in the rest of the year, and the total export value for 2010 would likely hit US$68.5 billion if more efforts are made to keep monthly export revenue at US$5.9 billion. Import spending is estimated at US$80-82 billion.

However, Chinh also pointed out that challenges remained to be addressed, including the lack of materials for export processing in the fishery sector, the shortage of labor in the garment, footwear and furniture industries, and technical barriers in importing countries.

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