Agricultural, forestry and fishery exports in 8 months reached over 23.6 billion USD

According to statistics from the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in August 2017 is estimated at 3.1 billion USD, bringing the total export value in the first 8 months of 2017 to 23.66 billion USD, up 13.5% over the same period in 2016.

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Of which, compared to the same period in 2016, the export value of main agricultural products is estimated at 12.6 billion USD, up 17.2%; aquatic products are estimated at 5.13 billion USD, up 18.1%; main forestry products are estimated at 5.07 billion USD, up 9.6%.

Some major export items in August increased in both quantity and value. Specifically, rice exports were estimated at 504,000 tons with a value of 220 million USD, bringing the rice export volume in the first 8 months of 2017 to an estimated 3.96 million tons and 1.75 billion USD, up 19.8% in volume and 17.5% in value compared to the same period in 2016.

Along with that, rubber export volume in August reached 160,000 tons with value of 243 million USD, bringing the estimated rubber export volume in 8 months to 795,000 tons and 1.36 billion USD, up 11.2% in volume and 52% in value compared to the same period in 2016.

In addition, the import value of agricultural, forestry and fishery products in August 2017 is estimated at 2.69 billion USD, bringing the import value of agricultural, forestry and fishery products in 8 months to 19.17 billion USD, up 22.8% over the same period in 2016. Of which, the import of main agricultural products reached 14.92 billion USD, up about 32.6% over the same period in 2016.

According to Urban Economics