HANOI, May 31 (Xinhua) — Vietnam’s agricultural, forestry and fishery product exports between January and May fell 11.1 p.c from a yr earlier to an estimated 20.26 billion U.S. {dollars}, Vietnam News reported on Wednesday.
Shipments to key markets, together with China, Japan and different Asian international locations, regularly regained the expansion momentum, mentioned the Ministry of Agriculture and Rural Development.
However, as a result of international financial uncertainties and tightened financial coverage within the United States and European Union to tame inflation, companies discovered it arduous to safe orders, the agriculture ministry famous.
Rice exports elevated by 49 p.c over the interval in comparison with a yr in the past due primarily to vital worth features and sturdy demand.
Vietnam’s fruit and vegetable exports rose 29 p.c to 1.9 billion U.S. {dollars} on expanded gross sales of durian, dragon fruit and banana, native media VnExpress reported.
Among the highest export earners, meat and by-products climbed 59 p.c within the first 5 months from a yr earlier. Coffee exports inched up 0.2 p.c after a year-on-year contraction of two.3 p.c within the first quarter as espresso costs rose on the prospect of tighter international provides.
Meanwhile, aquatic and wooden merchandise continued to endure some downturn as new orders have tumbled between 50 p.c and 60 p.c for the reason that starting of the yr.
China, the United States and Japan remained Vietnam’s largest export markets of agro-forestry-aquatic merchandise within the January-May interval.
Exports to China accounted for 20.4 p.c of the full export turnover, up 2.9 p.c from the identical interval final yr, adopted by the United States with 19.8 p.c, down 35.2 p.c, and Japan with 7.8 p.c, down 1.2 p.c, in accordance with the agriculture ministry.