Agro-forestry-fishery sector runs trade surplus in two months
Updated : 2/27/2020 3:48:33 PM (GMT+0700)

The agro-forestry-fishery sector recorded a tradesurplus of over 1 billion USD in the first two months of 2020, ayear-on-year rise of 18.4 percent.

Dragon fruits for exports - Photo: VNA

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

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

The four main export markets for Vietnam’sagro-forestry-fishery sector are China, the US, the European Union, and theAssociation of Southeast Asian Nations.

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

The General Statistics Office said the agro-forestry-fisherysector expanded 2.01 percent in 2019, contributing 4.6 percent to theyear’s gross domestic production growth.

Meanwhile, the MARD estimated agro-forestry-aquatic product exportsfor 2020 at 41.3 billion USD, rising 3.2 percent year on year.

Source: VNA

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