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Agro-forestry-fisheries export value drops by 2.4 percent
Vietnam earned US$7.62 billion from agro-forestry-fisheries exports in the first six months of this year, a year-on-year decrease of 2.4 percent.
Most agricultural products went up in volume but down in revenue as prices continued to slump due to the impact of the current global financial crisis, reported the Ministry of Agriculture and Rural Development (MARD).
Agricultural exports reached US$4.34 billion, equivalent in value to the same period last year, while forestry products dropped by 19 percent to earn just US$1.2 billion.
Exports of seafood products fared no better during this period, with turnover hitting only US$1.7 billion, down 11 percent from the same period last year.
Some products, including coffee and tea, were up in volume but down in value.
Other agricultural products such as rubber, pepper and cashew nuts saw a sharp decrease in value but just a slight drop in volume.
Rice recorded the highest and steadiest growth with an export turnover of 3.8 million tonnes, fetching US$1.8 billion, a year-on-year increase of 57 percent in volume and nearly 25 percent in value.
The Philippines remains the largest importer of Vietnamese rice, reaching US$752 million.
According to the General Statistics Office’s figure, agricultural and seafood production value reached nearly VND97,000 billion in the first six months of this year, increasing by nearly 2.5 percent over the same period last year, the lowest rate for a decade.
The MARD said that production in the first half of this year was stronger than it might have been if it wasn’t for the government’s efforts to stimulate production and investment.
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