April agro-forestry-fisheries exports down 16.9 percent
Export revenue in April from agro-forestry-fisheries products was estimated at 2.9 billion USD, down 16.9 percent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Hanoi (VNA) - Export revenue in April from agro-forest💎ry-fisheries productswas estimated at 2.9 billion USD, down 16.9 percent year🐻-on-year, the Ministryof Agriculture and Rural Development (MARD) has reported.
Major farm produce fetched nearly 1.47 billion USD, down 14.7 percent,forestry products about 683 million USD, down 24 percent, and fisheries products563 million USD, down 10.8 percent. In the first four months of the year, total exports and imports ofagro-forestry-fisheries was estimated at around 21.1 billion USD, 11.9 billionUSD of which was from exports, down 4.9 percent year-on-year. Imports were down 5.2percent. A trade surplus of about 2.8 billion USD was posted, down 4.1 percentagainst the same period last year. Most exports saw declining revenue, except coffee, cashew nuts,vegetables, wood and wooden furniture, cinnamon, and bamboo products. China remained the largest importer of Vietnamese agro-foresty-fisheriesproducts, with a value of nearly 2.8 billion USD, down 17.7 percent and accounting for amarket share of 23.4 percent. Following was the US, with 2.78 billion USD, downsome 14 percent with a share of 23 percent, and the EU with 1.3 billion USD, downsome 2 percent with a share of 11 percent.
Agro-forestry-fisheries exports to several markets saw slight increases,such as Japan, up around 3 percent to nearly 1.1 billion USD for a market shareof 9 percent, and ASEAN, up 7 percent to about 1.3 billion USD for a market shareof 11 percent.
Amid the complex environment created by COVID-19, MARD will work with theMinistry of Industry and Trade, agencies, and businesses to closely monitor pricemovements and supply and demand for key farm produce such as rice, pork,vegetables, aquatic products, sugar, and salt, to ensure domestic food securityand maintain exports.
MARD will also deal with technical barriers and step up negotiations to expandmarkets to the EU, the Eurasian Economic Union, the US, Brazil, and Saudi Arabia,as well as plan working trips to China, Russia, Japan, and Australia.
In order to boost trade with China amid the pandemic, Minister of Agricultureand Rural Development Nguyen Xuan Cuong suggested continuing to accelerateagriculture restructuring ♏via production chains and processing.
While cooking oil, wheat, and rubber rose, he said, fertiliser,pesticides, animal feed, fruit and vegetables posted declining importvalues./.
With Vietnam’s main agro-forestry-fishery export markets after China such as the US and Europe being hit by the new coronavirus-caused acute respiratory disease (COVID-19), Vietnamese exporters are suffering.
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A fish processing factory (Photo: VNA) 
