Export of agriculture – forestry – aquatic products reaches nearly $ 30 bln

According to the Ministry of Agriculture and Rural Development, the country's export turnover of agriculture – forestry – aquatic products in October was estimated to reach US$ 2.74 billion. 

Export turnover of agriculture – forestry – aquatic products reaches nearly US$ 30 billion

Export turnover of agriculture – forestry – aquatic products reaches nearly US$ 30 billion

In the first ten months of the year, total export turnover of the country reached US$ 29.76 billion, increased 12.7 percent compared to the same period last year.
In the first ten months of the year, Vietnam earned US$ 2.25 billion from exporting 5.05 million tons of rice, increased 22.3 percent and 21.1 percent in volume and value respectively. 

The average rice prices for export were at US$ 442.3 per ton in the first nine months, decreased 1.6 percent compared to the same period last year. 

On the other hands, the vegetables and fruits were more positive than rice with total export turnover of US$ 2.84 billion in October, an increase of 41.2 percent compared to the same period of 2016.

China, Japan, the United States and South Korea are the top four importers of Vietnam in field of vegetables and fruits.

However, the total import turnover of agriculture – forestry – aquatic products in the first ten months of the year was US$ 22.93 billion, an increase of 14.3 percent over previous year.
On the same day, General Department of Vietnam Customs said that the total value of goods import-export was estimated at US$ 37.9 billion, a slight increase of 0.8 percent over the previous months while total export value gained US$ 19.4 billion, an increase of 0.3 percent and the total import value was US$ 18.5, increased 1.4 percent.

With the above estimation, the total value of import products is expected to reach at US$ 346.22 billion in October, 2017, an increase of 21.3 percent compared to 2016 while the total export value is expected to be at US$ 173.72 billion, an increase of 20.7 percent and the total import value would approximate US$ 172.50 billion, an increase of 22 percent.

Vietnam’s trade surplus of goods this month is estimated to hit US$ 900 million which would raise the trade surplus of the country to US$ 1.23 billion by the end of October.

BY VAN LONG – NGOC QUANG, Translated by Huyen Huong

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