Total import-export turnover of agriculture, forestry and fishery in 9 months of 2019 is estimated at 53.2 billion USD.
Thus, the trade surplus of agriculture,
forestry and fishery products reached 6.86 billion USD, 957 million USD higher
than the same period last year.
Export growth in 9 months was
mainly achieved by increasing the export value of main forest products to 7.93
billion USD, up 18%; Livestock export is estimated 0.53 billion USD, up 8.6%
over the same period of last year
The main agricultural product
group still dropped sharply by 7.2% to 13.9 billion USD. Seafood is also
thecommodity group whose export turnover did not reach the figure as expected.
Up to now, seafood export is about 6.23 billion USD, down by 2%.
There are currently 6
groups/products including wood and wood products, coffee, rice, cashew nuts,
vegetables and shrimp with export value of each of over 2 billion USD.
Export turnover of agricultural
and seafood products decreased due to export prices of many commodities such as
coffee, rice, cashew nuts, cassava and products from cassava, shrimp and tra
catfish decreased sharply compared to the same period in 2018. Besides, export
to some big and important markets also dropped, especially China market dropped
by 8%, EU by 6.5%.
In the coming time, global
trade is expected to continue to decline, export prices of some key
agricultural products are still in a downward trend.
The MARD said that the whole
sector will focus on implementing measures to promote trade promotion
activities, remove trade barriers, expand export markets and encourage domestic
The departments under MARD are
assigned to research and assess the market overview of some essential
commodities such as rice, sugar, seafood, pork and propose solutions to ensure
the balance between supply and demand and market price stabilizations.
The MARD will coordinate and
support localities in introducing, promoting, consuming, and promoting trade of
local specialty agricultural products. The MARD will organize conferences and
forums to discuss solutions in production, processing, and promoting domestic
consumption and export.