(VOVWORLD) - Vietnam's agricultural, forestry, and fishery exports in the first 11 months of the year totaled 56.74 billion USD, up 19% over the same period last year. The figure exceeded the yearly target of 54-55 billion USD, enabling Vietnam to achieve a new record of 60 billion USD this year. Six export markets – the US, China, Southeast Asia, the EU, Japan, and South Korea – have been key contributors.
Asia is the largest export market for Vietnam's agricultural, forestry, and fishery products, accounting for 48%, followed by America with 23.7% and Europe with 11.3%.
Nguyen Thi Hong Thanh of the Information Center of the Ministry of Agriculture and Rural Development said: “The export of pepper records the most impressive growth rate in the US market at nearly 45%. Vietnam has an opportunity to expand its market in the US because the two countries are completing procedures for the import of passion fruit, seedless lemon, guava, and jackfruit. The fruits that have import license to the US include dragon fruit, mango, longan, lychee, rambutan, star apple, grapefruit and coconut.”
Vietnam's agricultural, forestry, and fishery exports to China this year have made great gains in turnover and market share. Vietnamese agricultural products are sold in supermarket chains in Shandong and Hunan and on Chinese e-commerce and social platforms like Mr ASEAN Mall, Tik Tok, Kuaishou, Taobao, JD.com and Xiaohongshu.
This year Vietnam signed several new protocols with China to import frozen durian, fresh coconut, and farmed crocodile. In Southeast Asia, Vietnamese rice still firmly holds the top position, accounting for 70-85% of rice imports by large rice importers, such as the Philippines, Indonesia, and Singapore. This year some regional countries have increased their imports of Vietnamese coffee, which has raised prices and export values for this product.
The Ministry of Agriculture and Rural Development predicts that Vietnamese agricultural, forestry, and fishery products will increase exports to the Southeast Asian market in 2025 while the exports of coffee, fisheries, cashew nuts, vegetables and fruits to major markets including the EU, Japan, and South Korea area forecast to rise sharply.