Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD). In March alone, the figure hit 4.85 billion USD, a year-on-year rise of 6%. Of the total, the contribution from major agricultural products was 2.75 billion USD, major forestry products 1.22 billion USD, aquatic products 653 million USD, and livestock 43.6 million USD. In the first quarter of this year, upturn has been seen in the export value of all exports, including agricultural products (31.1%), forestry products (18.8%), aquatic products (1.9%), and coffee (44.4%). There are four products recording export revenue of over 1 billion USD, namely wood (2.32 billion USD), fruits and vegetable (1.23 billion USD), rice (1.37 billion USD), and coffee (1.9 billion USD). Meanwhile, many products enjoy a rise in export prices, including rice, coffee, rubber, and peppercorn. Strong rise has been seen in the export revenue from major markets, including Asia with 16.6%, the US 27.2%, Europe 34.8%, Oceana 22.9%, and Africa 21.6%. So far, China, the US, and Japan have still been the three leading markets of Vietnamese agro-forestry-fisheries products, with respective consumption of 20.2%, 19.9%, and 7% of Vietnam’s total export volume. The MARD said that along with guiding farmers in applying suitable crop and livestock structure, it will focus on developing domestic and foreign markets for the agro-forestry-fisheries products, and creating favourable conditions for exporting activities.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
(seafood.vasep.com.vn) Bình Thuận's seafood production has maintained stability year-to-date, with favorable fishing grounds. However, the growth rate slowed slightly in the third quarter due to the impact of storms and tropical depressions in the East Sea.
(seafood.vasep.com.vn) Pangasius, a popular whitefish species favored in many global markets and a signature fish of Vietnam, faces stiff competition from other whitefish varieties such as cod, hake, and tilapia. However, Vietnamese pangasius has emerged as the top choice among whitefish imported by Brazil.
(seafood.vasep.com.vn) According to market trends, starting in Q3, importers typically ramp up purchases to prepare for the holiday season and year-end festivities. U.S. consumer spending is expected to recover in the second half of 2024 compared to the same period last year, which could positively impact the value of Vietnam's seafood exports to this market.
(seafood.vasep.com.vn) Vietnamese pangasius exports in September 2024 reached $172 million, a 3% increase compared to September 2023. The total value of pangasius exports by the end of the third quarter of 2024 was $1.5 billion, marking an 8% year-on-year increase.
(seafood.vasep.com.vn) In September 2024, Vietnam pangasius exports to Singapore reached $3 million, marking an 11% decrease compared to the same period in 2023. This marks the fourth consecutive month of negative growth in pangasius exports to this market, following slight increases of 14% and 2% in July and August 2024, respectively. The total value of Vietnamese pangasius exports in the first nine months of this year was $26 million, down 4% compared to the same period last year.
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