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Export of agricultural, forestry and fishery products exceeded 13 billion USD in 5 months

Export turnover of agricultural, forestry and fishery products in the first 5 months of the year was estimated at 13.08 billion USD, up 20.3% over the same period in 2021, according to the Ministry of Industry and Trade.

According to the Ministry of Industry and Trade, with this result, exports of the agricultural, forestry and fishery sectors became a bright spot in the country’s overall export in the first five months of the year, accounting for 8.55% of the total turnover.

In which, the most prominent is the export of seafood, rice, cassava and products from cassava. Specifically, seafood export turnover in May continued to record an impressive growth, estimated at 1.1 billion USD, up 39.5% over the same period last year. Generally, in 5 months, seafood exports brought in 4.75 billion USD, up 45% over the same period in 2021.





Tuna is put on a frozen truck, marinated with pureed ice to ensure freshness in January 2022 in Khanh Hoa.  Photo: Xuan Ngoc

Tuna is put on a frozen truck, marinated with pureed ice to ensure freshness in January 2022 in Khanh Hoa. Photo: Xuan Ngoc

The main reason is that the markets currently have very high demand for Vietnamese seafood. In particular, the Vietnam Association of Seafood Exporters and Producers (Vasep) said that shrimp and pangasius were two products that brought in billions of USD in the past 5 months. Shrimp exports, estimated at 1.8 billion USD, up 38%; Pangasius earned more than 1.2 billion USD, an increase of nearly 90%.

Rice exports in May reached 386 million USD, up 39.9% compared to April and up 14% over the same period last year. Export of cassava and cassava products reached USD 636 million, up 13.3% compared to April and up 38.7% over the same period.

According to calculations by the Ministry of Agriculture and Rural Development, Vietnam’s trade surplus from agriculture, forestry and fishery in the first five months of the year reached nearly $5.1 billion, 3 times higher than in the first five months of 2021.

In the first five months of the year, Vietnam’s total export turnover was estimated at $152.96 billion, up 16.4% over the same period in 2021, according to the Ministry of Industry and Trade. Mineral fuel exports in the first 5 months of 2022 continued to have the highest growth momentum among commodity groups, with a growth rate of 69.4% over the same period in 2021. In which, petroleum, coal and other ores and minerals increase in both quantity and value due to high prices of these commodities.

Yi Tung

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