Agro-forestry-fishery sector runs trade surplus in two months

Thursday, 2020-02-27 13:09:24
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Processing tra fish for exports at Go Dang Joint Stock Company (GODACO). (Photo: NDO/Minh Tri)
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NDO/VNA – The agro-forestry-fishery sector recorded a trade surplus of over US$1 billion in the first two months of 2020, a year-on-year rise of 18.4%.

In January-February, the country’s total export turnover of agro-forestry-aquatic products was estimated at US$5.34 billion, down 2.8% against the same period last year, while the import turnover fell 6.7% to US$4.3 billion.

Declines were seen in tra fish (27%), cashew nuts (17%), rubber (16%), and fruits and vegetables (12%).

The four main export markets for Vietnam’s agro-forestry-fishery sector are China, the US, the European Union, and the ASEAN.

The Ministry of Agriculture and Rural Development (MARD) said it has coordinated with relevant ministries and localities to carry out trade promotion activities in new markets and attempted to boost domestic sales.

The General Statistics Office said the agro-forestry-fishery sector expanded 2.01% in 2019, contributing 4.6% to the year’s gross domestic production growth.

Meanwhile, the MARD estimated agro-forestry-aquatic product exports for 2020 at US$41.3 billion, up 3.2% year on year.