10 farm products with export value of over US$1 billion

By | January 24, 2015

en agricultural products each has an export value of more than US$1 billion include rice, coffee, rubber, cashew nut, pepper, cassava, vegetables and fruits, tra fish and forestry products.

The Ministry of Agriculture and Rural Development (MARD) reports that the agricultural sector earned US$30.86 billion from exports this year, a year-on-year increase of 11.2%.

Wood and timber products: US$6.54 billion

Wood and timber products top the list with an export value of US$6.54 billion, an increase of 12.7% against last year.

The US, China and Japan are the three largest importers of Vietnamese wood.

Shrimp: US$4 billion

Shrimp exports are estimated to grow 28% against last year to US$4 billion, the highest value so far.

The US remains the biggest importer of Vietnamese shrimp although exports to the market in late months slightly reduced. Shrimp exports obtained the highest growth among Vietnam’s key seafood products.

Coffee: US$3.6 billion

Coffee exports grossed US$3.62 billion, up 33.4% in volume and 33.2% in value against last year.

The average export price is US$2,096 per tonne which is the same as last year’s. Germany and the US remained the largest consumers of Vietnamese coffee.

Rice: US$3 billion

Vietnam rice export this year is estimated at 6.52 million tonnes which, earns US$3.04 billion, up 1.9% in value.

Average price in the first 11 months is US$463 per tonne, up 5% against the same period last year.

China ranks first among consumers of Vietnamese rice, accounting for 31.1%.

Cashew nuts: US$2 billion

Vietnam exports around 306,000 tonnes of cashew nut this year, grossing US$2 billion, up 17.4% in volume and 21.9% in value against last year.

The average price in the first 11 months is US$6,553 per tonne, an increase of 3.81% compared to the same period last year.

The US, China and the Netherlands remain top importers of Vietnamese cashew nut.

Tra fish: US$1.8 billion

This year, tra fish contributed around US$1.8 billion to the country’s total export value, a rise of 5.8% against a year earlier. It also makes up 21.8% of total seafood exports.

The EU and the US are still leading importers of the product.

Rubber: US$1.8 billion

Rubber exports this year are estimated to reach 1.07 million tonnes, yielding US$1.8 billion, up 0.2% in volume but down 27.7% in value.

Export price in the first 11 months is US$1,695 per tonne, down 27.3%.

Pepper: US$1.2 billion

Around 158,000 tonnes of pepper was shipped this year, worth US$1.2 billion, up 19.3% in volume and 35.9% in value.

Five biggest consumers of Vietnamese pepper are the US, Singapore, the United Arab Emirates (UAE), India and the Netherlands.

Cassava: US$1.12 billion

Vietnam exports 3.3 million tonnes of cassava this year, fetching US$1.12 billion, up 5.4% in volume and 2.6% in value.

China comes first among importers with market shares of 84.27%.

Vegetables and fruits: US$1.47 billion

It is the first time that the export of vegetables and fruits post a turnover of US$1.47 billion with three largest importers of China, Japan and the Republic of Korea.