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Vietnam's agricultural, fishery and forestry sector is estimated to post a year-on-year growth of 5.4 percent in exports in the first half of 2016, according to Ministry of Agriculture and Rural Development on Monday.
Specifically, during the six-month period, Vietnam is expected to earn some 15.05 billion U.S. dollars from exports of agricultural, fishery and forestry products, the ministry said in a report on its website.
Vietnam witnessed decreases in export prices of several major agricultural products, including coffee, rubber, tea, and pepper, while those of rice and cashew nuts saw increases.
In the first six months of 2016, Vietnam is likely to export some 2.69 million tons of rice to foreign markets, earning some 1. 21 million U.S. dollars.
The export volume and value of Vietnamese rice during the period are estimated to decrease by 9.8 percent and 5.9 percent, respectively.
Average export price of Vietnamese rice during five-month period was 449 U.S. dollars per ton, up 3.28 percent year-on-year, said the ministry.
China remained the biggest importer of Vietnamese rice in the first five months of 2016, buying some 371.98 million U.S. dollars worth of Vietnamese rice, accounting for 35.5 percent of Vietnamese rice's market share, said the ministry.
During the first half of 2016, exports of Vietnamese coffee to world market witness increases of 39.8 percent in volume and 17.6 percent in value year-on-year.
Average price of Vietnam's exported coffee in the first five months decreased by 17 percent year-on-year, staying at 1,713 U.S. dollars per ton.
Most markets of Vietnamese coffee witness increases, including the Philippines (up 75.9 percent year-on-year), China (up 54.63 percent), Russia (up 48.73 percent), among others.
Meanwhile, exports of rubber and tea are likely to see increase in volume but decrease in value due to plunge in export prices.
During the six-month period, exports of Vietnamese rubber is estimated to fall by 11.9 percent in value while that of tea is dropping by 2.7 percent year-on-year.
Average price of Vietnamese rubber in five-month period was 1, 224 U.S. dollars per ton, down 15.17 percent year-on-year. Meanwhile, average price of Vietnamese tea was 1,559 U.S. dollars per ton, down 5.17 percent year-on-year, said the ministry.
Exports of wood and wood products in six-month period are estimated to reach 3.17 billion U.S. dollars, down 0.1 percent year-on-year.
The United States, Japan and China were three major importers of Vietnamese wood and wood products in five-month period, accounting for 67.72 percent of Vietnam's export value of the product.
In the first half of 2016, Vietnam's fishery exports are estimated to go up by 3.8 percent year-on-year, raking in some 3. 07 billion U.S. dollars.
Exports of Vietnamese fishery products to China saw increase of 49.06 percent year-on-year in five-month period, said the ministry.
During the first half of the year, Vietnam's agricultural, fishery and forestry sector is estimated to spend some 11.04 billion U.S. dollars for imports, down three percent year-on-year.
As a result, in the six-month period, the sector is likely to post trade surplus of 4.01 billion U.S. dollars.
(APD)
