Agro-forestry-fisheries posts 7.9 bln USD trade surplus

The agro-forestry-fishery sector posted a trade surplus of over 7.9 billion USD in the first ten months of this year, up 10.7 percent year-on-year, the Ministry of Agriculture and Rural Development has reported.



Exports were estimated at 33.6 billion USD, up 1.1 percent year-on-year, while imports reached nearly 25.6 billion USD, down 1.5 percent.

Despite COVID-19, several farm produce items earned higher export revenue year-on-year, including rice, vegetables and bamboo products.

Coffee, rice, cashew nuts, fruit and vegetables, shrimp, and wooden furniture joined the 2 billion USD export club, while eight other categories of goods each earned more than 1 billion USD.

Sectors posting a decline in export value include pepper, fruit and tra fish.

The US remained Vietnam’s largest export market, with about 8.6 billion USD, up 20 percent annually and accounting for around 25.6 percent of the market share. It was followed by China, ASEAN and the EU./.