Agro-forestry-fisheries post trade surplus of US$6.2 billion The agro-forestry-fisheries sector recorded a trade surplus of approximately US$6.2 billion during the first eight months of the year, representing an annual increase of 4.9%, according to the Ministry of Agriculture and Rural Development (MARD). The sector’s total import-export turnover stood at an estimated US$46 billion during the reviewed period, with export and import value dropping by 0.9% and 2.5%, respectively. Notably, the United States has become the largest consumer of Vietnamese farming products with export turnover reaching over US$6.3 billion, marking an annual rise of 14.2% and making up 24.13% of the overall market share. Elsewhere, China ranked second with estimated export turnover suffering a decline of 10.1% to US$6.28 billion, accounting for 24% of the total market share. Meanwhile, exports to markets such as the EU, ASEAN, and Japan endured drops of 2.2%, 11.4%, and 1.8% to US$2.5 billion, US$2.24 billion, and US$2.2 billion, respectively. August alone witnessed the agro-forestry-fisheries sector gross US$3.6 billion from exports, representing an increase of 3.5% from the corresponding period last year, with the total export turnover during reviewed period dropping by 0.9% on-year to US$26.15 billion. Despite several export items such as rubber, pepper, and… Read full this story
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