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  • 11 months in 2015: The agricultural sector 6.26 billion trade surplus

    Nov 26th, 2015

    Cashew, cassava and cassava products are two commodities exports have continued to increase in the first 11 months of 2015.

    According to MARD, exports of agricultural, forestry and fisheries in November 2015 is estimated at 2.57 billion dollars, 11 months export value of the sector reached 27.41 billion dollars, down 1.9% yoy year 2014.

    In particular, the value of exports of major agricultural commodities estimated at 12.74 billion, down 4% compared to the same period of 2014, decreased very sharply in commodities such as coffee (30.2%), rubber (15.5%).

    Accordingly, the volume of coffee exports in 11 months was estimated at 1.13 million tons with a total value of $ 2.3 billion, down 27.7% in volume and 30.2% in value over the same period 2014. Coffee export prices average 10 months to reach $ 2,032 / ton, down 2.6% compared with 2014. Germany and the United States continued to be the market two largest coffee consumption in Vietnam in 10 months in 2015 with a market share of 13.85% respectively and 11.56%. The value of coffee exports in the first 10 months in 10 key markets of Vietnam are lower than in the same period of 2014.

    For rubber products, 11 months of the year exports totaled 983 thousand tons, valued at $ 1.35 billion, up 3.6% in volume but fell by 15.5% in value over the same period in 2014 . Price of rubber exported an average of 10 months to reach $ 1,401 / ton, down 18.7% from the same period in 2014.

    Two staples like rice and fishery consecutive decrease from this year, in particular, exports of rice decreased by 4.9% compared to the same period of 2014, seafood export value in November was estimated at 593 million, bringing the export value last 11 months reached 6.01 billion US dollars, decreased to 16.4% compared to the same period in 2014.

    Among agricultural commodities for export, cashew, cassava and cassava products are two commodities exports have continued to increase in the first 11 months of 2015.

    Accordingly, the export volume of cashew nuts 11 months reached 300 thousand tons to 2.18 billion dollars, up 7.3% in volume and 19.2% in value over the same period of 2014. Prices county it exported an average of 10 months in 2015 $ 7,269 / ton, up 11.3% over the same period in 2014.

    The volume of export of cassava and cassava products in the first 11 months of 3.67 million tons in 2015 worth US $ 1.18 billion, up 19.3% in volume and 15.6% in value same period of 2014. In the first 10 months of 2015, China remains the main import markets accounted for 89.14% market share, up 30.79% in volume and 26.4% in value over the same Any 2014.

    According to MARD, the import value of agriculture, forestry and fisheries in the May 11, 2015 was estimated at 21.15 billion dollars, up 6.9% over the same period of 2014. Thus, in 11 first months of 2015, the agricultural sector has surplus of 6.26 billion dollars.

    Nguyen Hanh


    Source: Industry and Trade