Vietnam’s agro-forestry-fishery exports exceed US$13 billion in 5-month
Such a performance has been a highlight of Vietnam’s exports in the five-month period, accounting for 8.55% of total turnover.
Vietnam’s export turnover of agro-forestry-fishery products during the first five months of 2022 stood at US$13.08 billion, up 20.3% year-on-year, according to the Ministry of Industry and Trade (MoIT).
Processing catfish for exports. File photo |
“Such a performance has been a highlight of Vietnam’s exports in the five months, accounting for 8.55% of total turnover,” noted the ministry.
Among the lot, seafood, rice, and cassava are the main export items, with seafood in May reaching $1.1 billion, up 39.5% year on year. This resulted in an earning of $4.75 billion during the January-May period, up 45%.
A report from the Vietnam Association of Seafood Exporters and Producers (VASEP) attributed the positive result to high demand for Vietnam’s seafood products, in which shrimps and catfish brought in billions of dollars. VASP estimated shrimp exports earned around $1.8 billion, up 38%, and that of catfish roughly $1.2 billion, up 90%.
Meanwhile, rice also fetched an export turnover of $386 million in May, up 40% against the previous month and 14% year-on-year, while the turnover from cassava and products made of cassava reached $636 million, up 38.7% year-on-year.
The Ministry of Agricultural and Rural Development added Vietnam’s agricultural sector posted a trade surplus of nearly $5.1 billion during the five months, nearly triple the amount in the same period of last year.
For the first five months, Vietnam’s total exports stood at $152.81 billion, up 16.4% year on year. Imports, meanwhile, reached $152.3 billion, up 15%, and led to a surplus of $516 million. This was a stark contrast to a deficit of $1.24 billion in the five-month period of last year.
Other News
- Hanoi hosts the “Green Products for Consumers” fair
- Hanoi aims to lead the country in exporting OCOP products
- Hanoi partners with Lai Chau to market OCOP products
- Hanoi to develops craft villages for sustainable growth
- Deputy PM calls for review and improvement of value chain mechanisms
- Hanoi boosts sustainable aquaculture with high-tech farming
- Hanoi craft contest to fosters artisanal preservation
- Hanoi expands safe supply chains
- Farm economy – bright spot of Hanoi agriculture in 2024
- Conservation and promotion of medicinal plants in Hanoi
Trending
-
Hanoi, UNESCO pledge further cooperation
-
Vietnam news in brief - April 25
-
Vietnamese contemporary ballet celebrates Europe Day
-
Capital Law revision helps Hanoi promote role as nation’s socio-economic hub
-
IT training urged to focus on semiconductors
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video