Agricultural product export volume is estimated to reach 2.89 billion USD in April 2020

According to the Ministry of Agriculture and Rural Development, the export volume of agro, forestry and fisheries in April 2020 is estimated to reach 2.89 billion USD, down 17% compared to the same period last year, bringing total of export value in Apr 2020 to 11.92 billion USD, down 4.9% from last year. The seafood export value is estimated to reach 2.18 billion USD, down 10%.

In April 2020, the export value of agricultural products from four core markets China, the US, Japan and Korea is estimated to reach 23.2% (down 18% form last year), 23.1% (up 14%), 8.9% (up 3%) and 6.04% (down 5%) respectively.

The seafood export value in Apr 2020 is estimated to reach 563 million USD, bringing total seafood export value in the first four months of 2020 to 2.18 billion USD, down 10% from last year.

Japan, the US, Korea and China are the top importers of Vietnamese seafood in the first three months of 2020, accounting for 55.4% of total seafood export value of Vietnam. A noticeable sales increase was recorded in Russia in the first three months of 2020, up 22%.

The US, China and ASEAN are top buyers of Vietnam’s agricultural products, accounting for 13.2%, 12.6% and 12.4% of market shares in the first four months of 2020 respectively. However, export volume to China and ASEAN in the first four months of 2020 is estimated to decrease by 3.9% and 25.6% respectively compared to the same period last year.

The seafood import value is estimated to reach 136 million USD in Apr 2020, bringing total seafood import value in the first four months of this year to 545 million USD, down 2.9% from last year.

Vietnam imported seafood mainly from India (14.9%), Norway (10.9%), Taiwan (9.1%), Japan (9%) and Indonesia (8.9%) in the first three months of 2020. The import value increased by 38.2% from India in the first three months of 2020, nearly 49% form Taiwan, 9% form Japan, and 26% from Indonesia; however imports from Norway and other key markets like China, Russia, Chile and Korea suffered some drop.

VFM

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