Vietnam’s agricultural exports in July reaches USD 3.4 billion

Specifically, main forestry products brought in US$1.1 billion, up 9.8%, while seafood earned US$780 million, up 8.4%. Several agricultural exports with strong growth from January to June included rice, vegetables, cassava, shrimp, cinnamon, timber, and bamboo and rattan products, according to Nhan Dan.

The Ministry of Agriculture and Rural Development (MARD) said that in July, the export value of agriculture, forestry and fishery was estimated at US $ 3.4 billion, up 4.6% compared to June 2020. Forestry and fishery continued to record production recovery and regained export growth momentum.

However, in 7 months, the export turnover of agriculture, forestry and fishery is estimated at 22.3 billion USD, down 2.8% over the same period in 2019. Import turnover of agricultural, forestry and fishery products was estimated at US $ 17.2 billion, down 4.6% over the same period in 2019. The import value of commodities agriculture, forestry and fishery is mainly estimated at 13.9 billion USD, down 6.1%, reported by Financial Times.

Six commodities have reported revenues of US$1 billion and above, given that the coronavirus pandemic remains complicated both at home and abroad, seriously affecting global trade.

As the EU-Vietnam Free Trade Agreement (EVFTA) takes effect on August 1, many Vietnamese agricultural exports to the EU will enjoy a zero-tariff rate. At present, many exporters have prepared to conquer this market.

Source: Vietnamtimes

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