Agricultural, forestry and fishery exports reach new high amid pandemics
There is one month to go before year-end but ago-forestry-fishery exports have almost hit annual target for 2021 with nearly US$43.5 billion, an all-time high that far exceeds the number in 2020.
Hà Nội — There is one month to go before
year-end but eleven-month ago-forestry-fishery exports have almost hit the
annual target for 2021, reaching nearly US$43.5 billion, an all-time high
that far exceeds 2020.
Exports in November alone
reaching $4.2 billion is a sign of the ago-forestry-fishery recovery after
the lockdown, representing a year-on-year increase of 8.9 per cent. Such
positive results mean the annual target of $44 billion for 2021 is feasible.
Specifically, exports of main agricultural
products were estimated at over $19.3 billion, rising 13.7 per cent compared to
the previous year; main forestry products at around $14.3 billion, rising 20.9
per cent; fishery products at over $7.9 billion, rising 3.5 per cent; livestock
production at $393 million, rising 4 per cent; and production input at more
than $1.5 billion, rising 25.9 per cent.
The rise in export value can also be seen
in rubber, cashew, rice, and cassava products. Notably, rubber export went up
by 40.5 per cent, rice 7.3 per cent, cashew 14.6 per cent, and cassava products
up 23 per cent.
Despite a fall of 6.7 per cent in export
volume, pepper still saw a spike of 44 per cent in export value thanks to high
price. Pepper is the commodity with the largest increase in price since the
beginning of this year (more than 54 per cent). Likewise, a 4.4 per cent drop
in volume and 11 per cent hike in price resulted in a 5.9 per cent rise in
coffee export value.
In regard to market share, eleven-month
exports of Vietnamese ago-forestry-fishery products to Asian markets account
for 43.1 per cent, American 29.6 per cent, European 11.5 per cent, African 1.9
per cent and Oceanian 1.6 per cent.
The US is Việt Nam’s largest export
market with a value of $11.9 billion. China comes second with $8.4
billion, and Japan third with $3 billion.
In a bid to promote ago-forestry-fishery
trade, the Ministry of Agriculture and Rural Development said it would urge its
two working groups in the north and south to work with local Departments of
Agriculture and Rural Development and relevant entities to remove obstacles in the
production, circulation and consumption of agricultural products.
The ministry is also asking its specialised
units to further open the agricultural market to other countries such as Peru,
Brazil and Russia, and develop a plan to implement the project on trade defence
improvement in the context of new-generation free trade agreements.
Additionally, those units are tasked with
helping exporters to complete document preparation amid new regulations put in
place in China, namely management and registration of firms producing,
processing, preserving and trading foods exported to China, and a guide to
registration of foreign firms.
In the future, the ministry will develop a
plan to implement the cooperation agreement with the US on the control of
illegal logging, draft a letter of objection to the DOC, USTR and US Department
of Agriculture against the anti-dumping investigation of Vietnamese honey, and
enter into negotiations on fishery subsidies within the WTO framework. —
VNS
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