January 29, 2013

Vietnam agro-forestry-seafood sectors to see 39.7% rise in export value

Vietnam's agricultural, forestry and seafood sectors are expected to record a trade surplus right in January 2013, when its export value is estimated to reach US$2.17 billion, a rise of 39.7% on-year, according to the country's Ministry of Agriculture and Rural Development (MARD).

Of the total export value, main agricultural exports contributed US$1.17 billion, wood-based exports with US$447 million dollars, and seafood exports with US$376 million.

Demands for Vietnamese wood-based exports also increased mostly from the US, China and Japan.

Meanwhile, seafood exports were mainly exported to the US, accounting for 19.15% of the market share; Japan ( 17.81%) and South Korea (8.36%).

Last year, Vietnam's agro-forestry-seafood sector pocketed US$27. 54 billion from the exports, while it spent US$16.94 billion for the imports, which posted a trade surplus of US$10.6 billion, according to the Vietnamese General Statistics Office.