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Agro-forestry, seafood exports estimated at 25 bln USD
29/11/2012

Vietnam is estimated to gross 2.4 billion USD in agro-forestry and seafood exports in November, bringing the total revenue for the first eleven months of this year to 25 billion USD, a year-on-year increase of 9.9 percent.

According to the Ministry of Agriculture and Rural Development, commodities like coffee, cassava and cassava-based products surged in both value and volume.

Up to 1.56 million tonnes of coffee worth 3.33 billion USD were shipped during the period, a year-on-year increase of 42 percent in volume and 37.4 percent in value. The Indonesian market experienced sudden growth; volume increased by 8.4 times, and value by eight times. At the same time the volume and value of imports to Belgium , the biggest importer of Vietnamese coffee, dropped significantly.

The export of cassava and cassava-based products in the 11 months reached 3.8 million tonnes, earning 1.2 billion USD – a 56 percent rise in volume and 36.8 percent in value compared with the same period last year.

Vietnam ””s cassava exports enjoyed strong growth in important markets, such as China with a rise of 52 percent in volume and 30.7 percent in value, and the Republic of Korea , 3.13 times in volume and 2.7 times in value.

In the 11-month period, Vietnam shipped 7.4 million tonnes of rice valued at 3.4 billion USD, up 9.7 percent in volume but down 1.4 percent in value. Similarly, the country received 2.6 billion USD exporting 931,000 tonnes of rubber, up 32 percent in volume but down 9.3 percent in value.

Growth of other commodities like tea, cashew nuts and pepper remains stable. Pakistan is still the largest importer of Vietnamese tea, with 19.9 percent of market share.

Vietnam remains the world””s largest exporter of cashew nuts. Exports grow significantly in both volume and value, except for Holland with a drop of 9 percent in volume and 18 percent in value.

Wood and wooden products also see a large increase – 18.9 percent in export value for the first 11 months of this year, equating to 4.2 billion USD.

Aquatic products bring in an estimated 5.6 billion USD, up 1.2 percent compared with the same period last year. The export of this commodity is expected to continue rising with growing demand from importers.

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