Vietnam's agro-forestry and fishery sectors earn US$2.39B from exports in October, raising its 2013 export earnings to US$22.73B, up 0.2% year-over-year, data shows
October 28, 2013
(Thai News Service)
– The agro-forestry and fishery sector earned US$2.39 billion from exports in October, raising its 10-month export earnings US$22.73 billion, a year-on-year increase of 0.2%.
The export value of major agricultural commodities-US$10.94 billion-represents a 12.3% slide from 2012. Aquaculture's US$4.57 billion and forestry's US$5.37 billion amounted to 14.8% and 6% improvements, respectively.
The Ministry of Agriculture and Rural Development noted rice and coffee exports' decline. Rubber exports increased 2% in volume but fell 15.1% in value compared to the same period last year.
Tea exports slipped 5.7% in volume but edged up 0.1% in value. About 212,000 tonnes of cashew nuts were shipped abroad for US$1.34 billion, up 15.5% in volume and 8.5% in value.
The agricultural sector imported goods worth an estimated US$15.25 billion over the reviewed period, a year-on-year increase of 10.4%. Key import commodities contributed US$12.05 billion to this total, 12.4% higher than in 2012.
Unprocessed cashew imports surged 98.4% in volume-to 579,000 tonnes-and 84.6% in value.
The agricultural sector's 2013 trade surplus currently stands at approximately US$7.48 billion. - VOV