Vietnamese commodities have export turnover increase in the first 6 months of 2020

Coffee, rice, vegetables, cassava and products from cassava ... are items that still keep the growth momentum despite difficulties due to Covid-19 pandemic.

According to the Ministry of Agriculture and Rural Development Vietnam (MARD), the total export turnover of agriculture, forestry and fisheries (AFF) in the first 6 months was estimated at US $ 18.81 billion, down 3.4% over the same period in 2019.

In that, the main agricultural products are estimated at 8.94 billion USD, down 2.7%; livestock products are estimated at 190 million USD, down 19.4%; fisheries are estimated at 3.56 billion USD, down 8.6%; main forest products are estimated at 5.3 billion USD, up 2.7%.

Although the total turnover of AFF products in the first 6 months decreased compared to the same period in 2019, some items still maintained the growth momentum such as: coffee with 1.6 billion USD, up 1.2%; rice reached 1.7 billion USD, up 17.9%; vegetables reached 384 million USD, up 19.5%; cassava and cassava products reached US $ 470 million, up 2.1%; cinnamon gained 80 million USD, up 8.0%; rattan, bamboo and rush products USD 247 million, up 9.4%.

About export market: China, USA, Japan and South Korea are the four largest import markets of AFF in Vietnam, with a market share of 24.2% respectively (down 11.9% in value); 21.9% (up 5.7%); 8.8% down 0.7%) and 6.1% (up 2.4%).

Although AFF export turnover in the first 6 months of 2020 decreased, however, in 2020, MARD is still determined to reach the target of total AFF export turnover of about US $ 41 billion.

In particular, focus on solutions affecting the key export products with prospects and the ability to increase export value to compensate for products that are unlikely to meet export targets year as: Main agricultural products 20 billion USD; forest products and wooden furniture of 11 billion USD; Fisheries 9 billion USD; Other items about 1 billion USD.