With export turnover of $2.04 billion, the US surpassed China to become the largest consumer of Vietnamese agricultural products in the first two months of 2021. The latest report of the Ministry of Agriculture and Rural Development shows that the total import and export turnover of agricultural, forestry and fishery products in the first two months of this year is estimated at nearly $11 billion, of which exports are estimated at $6.17 billion, an increase of 16.6% year on year. Imports are estimated at $4.8 billion, up 13.6%. The trade surplus is about $1.37 billion, up 28.4% over the same period of 2020. Export turnover of many key export agricultural products grew strongly during this time. For example, rubber export value reached about $516 million (up 9.9%); tea $29 million (up 11.1%); cashew nuts $442 million (up 21.5%), vegetables $610 million (up 14.6%); wood and wood products about $2.44 billion (up 51.0%); and rattan and bamboo products $128 million (up 43.0%). Notably, with export turnover of about $2.04 billion, an increase of 57.3% over the same period and accounting for more than 33% of market share, the US became the largest customer of Vietnamese agricultural products during this time. Following… Read full this story
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