Exports of agricultural products in the first four months of the year decreased by 13.3%

According to the Ministry of Agriculture and Rural Development (MARD), the export value of agro-forestry-fishery products in April 2023 was US$ 4.54 billion, down 8.3% compared to the same period last year. Accordingly, the export value of agro-forestry-fishery products in the first four months of 2023 reached US$ 15.66 billion, down 13.3% compared to the same period in 2022.

After the first four months of 2023, the export value of key products tends to decrease compared to the same period last year. TO be more specific, wood exports reached USD$ 3.91 billion, down 30.4%; coffee exports reached US$ 1.7 billion, up 2.5%. Rice exports reached US$ 1.56 billion, up 54.5%. Fruit and vegetable exports reached US$ 1.39 billion, up 19.4%. Cashew exports reached US$ 942 million, up 3.4%.

Shrimp exports reached US$ 843 million, down 39.6%. Rubber exports reached US$ 684.8 million, down 20.1%; pangasius exports reached US$ 558 million, down 39.9%. Cassava exports reached US$ 453 million, down 12.1%; pepper exports reached US$ 325 million, down 10.2%.

Regarding the export market of agro-forestry-fishery products, the Asian market reached US$ 7.58 billion, a 2.7% increase; the American market reached US$3 .28 billion, a 39.6% decrease. The European market reached US$ 1.93 billion, a 13% decrease; the African market reached US$ 223 million, a 21.2% decrease; and the Oceania market reached US$ 216 million, a 31% decrease.

Regarding the proportion of exports, the Chinese market accounted for 20.9%, up 3.3%; the American market accounted for 18.9%, down 40.5%; and the Japanese market accounted for 8.1%, up 0.8%.

In the second quarter of 2023, the goal of value-added growth for the entire agricultural sector is to strive to reach 2.9–3%, with the total export turnover of agro-forestry-fishery products reaching approximately US$ 14 billion.