Agro-forestry-aquatic product exports gain trade surplus of 4.74 billion USD in four months: MARD
Vietnam’s agro-forestry-aquatic product exports raked in some 19.06 billion USD in the first four months of 2024, up 23.7 per cent year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
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Meanwhile, the country imported 14.32 billion USD worth of agro-forestry-aquatic products, resulting in a trade surplus of 4.74 billion USD, a rise of 71.5 per cent year-on-year.
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| Vietnam’s agro-forestry-aquatic product exports rake in some 19.06 billion USD in the first four months of 2024, up 23.7 per cent year-on-year. (Photo: VNA) |
In April alone, the export value was 5.14 billion USD, an increase of 19.7 per cent from the corresponding time last year, of which main agricultural products made up 2.83 billion USD (up 29.2 per cent); forestry products, 1.39 billion USD (up 18.6 per cent); and aquatic products, 730 million USD (down 1.5 per cent).
In the four months, Vietnam shipped abroad 10.44 billion USD worth of agricultural products, a year-on-year rise of 32.5 per cent; 5.18 billion USD of forestry products, up 22.8 per cent; and 2.68 billion USD of aquatic products, up 4.2 per cent.
Regarding markets, exports to Asia, America, Europe, Oceania, and Africa experienced increases ranging from 19.8 per cent to 38.6 per cent. The US, China, and Japan remained the three largest buyers of Vietnam's agro-forestry-aquatic products.
To maintain the growth pace, the ministry said it has dealt with market-related issues to facilitate shipments, especially those to China, the US, Japan, and the EU, while expanding to new ones like the Middle East, Africa, and Islamic countries.
At the same time, it has maximized opportunities generated by free trade agreements, notably the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA).
(Source: VNA)
