Processing frozen shrimp for export
Of the total, Vietnam reported US$128.21 billion in export revenue, a year-on-year increase of 6.7%, and US$125.44 billion in import revenue, up 1.3% over the same period last year, with the foreign-invested sector making up US$74 billion and the domestic sector accounting for US$51.4 billion.
However, in September alone, exports plunged 6.8% to an estimated US$15 billion compared to August due to a turnover reduction in several key export items, such as telephones and their accessories (down 17.4% to US$506 million), footwear (down 18.2% to US$200 million) and garments (down 7.1% to US$175 million).In this period, Vietnam enjoyed a trade surplus of US$2.7 billion. The foreign-invested sector obtained a trade surplus of US$17.1 billion while the domestic sector suffered a trade deficit of US$14.4 billion.
According to the Ministry of Agriculture and Rural Development, agricultural exports during the reviewed period experienced a yearly rise of 7.2% to US$11.1 billion.
Of this, coffee recorded the highest increase, of some 40% in volume and 22% in value compared with same period of last year. Up to 1.39 million tonnes of coffee, valued at US$2.48 billion, was shipped to overseas markets from January to September.
Pepper came next with 146,000 tonnes for US$1.19 billion, up 31.5% in volume and 13.1% in value, respectively.
After suffering a temporary downturn, tea and rubber bounced back, enjoying positive growth of 0.2% and 1% and earning US$152 million and US$1.1 billion, respectively.
Agro-forestry-fisheries exports fetched an estimated US$2.5 billion in September, lifting the total nine-month turnover to US$23.3 billion, up 6% year on year.
In the first nine months of this year, shipments of seafood products brought home more than US$4.9 billion, surging 4.3% year on year. Meanwhile, forestry exports raked in US$5.1 billion, equivalent to the value during the same time last year.
