October 27, 2010

Vietnam's agricultural exports make on-year increase of nearly 23%

Vietnam has earned US$1.72 billion from agro-forestry and seafood exports in October, raising its total export turnover in the first 10 months of the year to US$15.6 billion, according to the Ministry of Agriculture and Rural Development.

Of this, agricultural products made US$7.89 billion, up 18%.

Seafood continued to hold its position in particular markets despite natural disasters and anti-dumping lawsuits. The country earned US$3.98 billion with the US making up nearly 19% and Japan, 18%.

In the reviewed period, Vietnam imported US$10.4 billion worth of materials for agricultural production, up 39% on-year. However, the agricultural sector still recorded a trade surplus of US$5 billion.