Notably, Vietnam’s trade balance for agricultural, forestry, and fishery products recorded a surplus of 16.46 billion USD, a 52.8% rise compared to the same period last year.
By product group, forestry products, fishery products, and agricultural products were the three groups with a trade surplus. Specifically, forestry products achieved an estimated surplus of 13.05 billion USD, up 18.7% year-on-year; fishery products recorded a surplus of 6.88 billion USD, up 17.5%; and agricultural products reached a surplus of USD 4.72 billion, a 3.1-fold increase.
By specific commodities, Vietnam had seven agricultural, forestry, and fishery products with a trade surplus exceeding USD 1 billion, including:
- Wood and wood products with a surplus of 12.11 billion USD, up 19.4% year-on-year,
- Fruits and vegetables at 4.56 billion USD, up 33.9%,
- Coffee at 4.53 billion USD, up 30.5%,
- Rice at 4.07 billion USD, up 14.6%,
- Shrimp at 3.19 billion USD, up 20.5%,
- Pangasius (catfish) at 1.72 billion USD, up 10.1%, and
- Pepper with a surplus of 1.07 billion USD, up 43.5%.
Over the first 11 months, export value by category included:
- Agricultural products: 29.78 billion USD, up 23.2%,
- Livestock products: 475.5 million USD, up 4.4%,
- Fishery products: 9.2 billion USD, up 11.8%, and
- Forestry products: 15.59 billion USD, up 19.6%.
Assessing the sector’s export achievements to date, Deputy Minister Phung Duc Tien attributed the results to key agricultural commodities such as rice, fruits, coffee, and pepper.
In November, the volume and value of rice exports were estimated at 700,000 tons, equivalent to 444.9 million USD. This brought the total rice export volume and value for the 11-month period to nearly 8.5 million tons and 5.31 billion USD, reflecting a 10.6% increase in volume and a 22.4% rise in value compared to the same period in 2023. This marks a first in export volume and value for the agricultural sector.
