In the first two months of 2024, the USA, China, and Japan continued to be the three largest markets of Vietnam. In particular, the export value to the USA accounted for 21.5% (which was up 77.3%).
According to the Ministry of Agriculture and Rural Development (MARD), in the first two months of this year, the total export turnover of agricultural products was 9.84 billion USD. This result was up 50.3% over the same period in 2023. Thereby, the trade surplus reached 2.68 billion USD, an increase of 2.9 times over the same period last year.
Seafood exports continued to show positive signals.
In general, all commodity groups increased compared to the same period last year. The main group of agricultural products reached 5.18 billion USD, up 55.7%; forestry products 2.9 billion USD, up 59.7%; seafood 1.37 million USD, up 28.9%; and livestock farming 78 million USD, up 15.1%.
Most of the key items achieved higher export values than in the same period last year. For example, wood products 1.68 billion USD (up 59%), coffee 1.38 billion USD (up 85%), fruit and vegetables 970 million USD (up 72.8%), rice 708 million USD (up 49.8%), cashew nuts 595 million USD (up 68.2%), and shrimp 403 million USD (up 20.5%).
The USA, China, and Japan continued to be Vietnam’s three largest markets. In the first two months of the year, the export value to the USA accounted for 21.5% (up 77.3%); China 21% (up 47.9%), and Japan 7.2% (up 29.2%).
According to the MARD, recent export activities, especially in the fisheries sector, have started to show positive signs of recovery. However, we need to ensure this recovery is sustainable and not just a temporary cycle.
To promote the export of agricultural products, the MARD will continue to focus on exploiting and taking advantage of free trade agreements, especially CPTPP and EVFTA. Enterprises should be helped to sign new export orders. In addition, the ministry will coordinate to support the protection of trademarks and geographical indications for potential export products of Vietnam abroad./.