Agro-forestry-fishery exports hit USD 17.43 billion in 7 months

The agriculture sector earned USD 2.38 billion in July, pushing the seven-month results to USD 17.43 billion, a rise of 11.8 percent over the same period last year.

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According to the Ministry of Agriculture and Rural Development, agro-products exports reached USD 8.31 billion, up 5.9 percent, fishery products exports enjoyed a rise of 24.5 percent with USD 4.2 billion and forestry products generated USD 3.52 billion from export, up 13.2 percent.

Coffee and pepper, cashew nut, aquatic products, wood and wood products maintained growth in both volume and value while main farm products as rice, rubber, tea, cassava and cassava products saw a year-on-year fall.

Strongest growth was seen in pepper export with 9,000 tons shipped abroad in July for USD 74 million, pushing the volume of pepper export in 7 months to 119,000 tons for USD 862 million, representing an increase of 28.6 percent in volume and 41.8 percent in value compared to 2013.

The coffee sector experienced strong growth in July with 77,000 tons shipped worth USD 179 million, bringing the earnings from coffee export in 7 months to USD 2.31 billion with 1.12 million tons shipped, a year on year increase of 26.9 percent in volume and 21.9 percent in value.

Cashew nut sector enjoy a rise of 15.7 percent and 17.5 percent in volume and value respectively over the same period of 2013. In July, cashew nut exports reached USD 169 million with 25,000 tons, lifting export volume of cashew nut in 7 months to 158,000 tons with USD 1.02 billion.

Meanwhile, aquatic exports brought home USD 647 million in July and 4.2 billion USD in 7 months, up 24.5 percent year on year.

A drop in both volume and value was seen in the export of a number of products, particularly in rubber sector with a decrease of 10 percent in volume and 32.3 percent in value compared to 2013. In July, rubber exports reached USD 175 million with 103,000 tons shipped as estimated, which made up USD 828 million earned in 7 months with 451,000 tons exported.

Rice exports suffered from a decrease of 7.9 percent in volume and 4.8 percent in value. The country exported 606,000 tons of rice for 278 million USD as estimated, bringing the volume of rice export in 7 months to 3.86 million tons with USD 1.75 billion.

Source: Office of Ministry of Agriculture and Rural Development