Export turnover of vegetables and fruits in June 2018 is estimated at USD 340 million. It’s slightly lower than last month but up 25% over the same period of 2017. Export turnover of fruit and vegetable in the first 6 months is estimated at USD 2 billion, up 20.3% over the same period last year. Vietnam agricultural product export in the first 6 months 2018 can reach the better objectives in the next period.
Positive news from import-export activities
The Vietnam rice export market
Although facing many difficulties in the context of China – the largest market of rice, Vietnam rice is constantly tightening import by the strict standards of quality. Supply in the world market continues to increase, rice export turnover in the first months of the year is still a big breakthrough. This is the good news for Vietnam agricultural products export in the future.
Statistics of the Ministry of Industry and Trade show that rice export turnover in the first 6 months of 2018 reached $ 1.84 billion, an increase of 44.3% over the same period. Notably, the Vietnamese rice sector has made positive changes.
Vietnam’s rice export price has continued to grow
The rice structure has shifted towards increasing the quality of the rice segment, reducing the middle and low-quality rice segment. As a result, from the end of 2017 until now, Vietnam’s rice export price has continued to grow. Currently, the price is more than competitors such as Thailand, Pakistan, India from $ 50 to $ 100 per ton. This is the reason that the rice sector has impressive export turnover growth in the first 6 months of the year.
Exports of Vietnam vegetables and fruits
According to the Department of Processing and Market Development of agricultural products, export markets, the main markets have increased turnover. In particular, China’s export turnover reached $ 1.2 billion, accounting for 74.6% of the total and up 18.1% over the same period in 2017. The US market followed with this figure was USD 50.9 million, up 14.6%. In markets like Japan, Korea, and Thailand, export turnover increased by 8%, 15.4%, and 26% respectively over the same period last year.
Exports of Vietnam vegetables and fruits
Import value of vegetables and fruits in 6/2018 is at 152 million USD. This result brings the total import value in the first 6 months is at 754 million USD. It increases 18.5% over the same period last year. Main imports were Thailand (45.7% of imports) and China (9.1%).
In the coming time, the Department of Agro-products Processing and Market Development recommends export enterprises to organize production linkages. This is according to demand and sticks to the standards, quality requirements and security. All food in the import market. Particularly, to further develop and apply post-harvest fruit preservation technology processes. And step up deep processing in order to maintain and boost export to high-ranking markets such as the US, Australia, and Japan, Korea.
Other agricultural products
The strong growth markets for exports in the first 6 months of 2018 are:
- Indonesia (for rice, coffee, rubber)
- China (for vegetables, rubber, seafood).
- Germany (for tea, Malaysia (for rice, tea).
- Iraq, Hong Kong (China), Philippines (for rice)
- Saudi Arabia (for tea)
- The US (for cashew nuts, vegetables, rice) )
- India (for rubber, pepper).
With exporting coffee, in June of 2018, coffee export is about 164,000 tons valued at $ 314 million. In the first half of 2018, coffee exports were estimated at 1.042 million tonnes and USD $ 2.01 billion. It is up 11 percent in volume but down 4.7 percent in value over the same period last year.
Other agricultural products export also grow
In particular, exports to the Indonesia market increased significantly. Because this country imports Vietnam coffee at good prices and quality to process instant coffee, domestic consumption, or re-export.
In addition, in June 2018, cashew exports reached 33,000 tonnes worth $ 300 million. Cashew exports in the first six months at 176,000 tonnes worth $ 1.41 billion. It is up 17 percent in both volume and value over the same period in 2017. The United States, the Netherlands, and China have remained the three largest cashew import markets of Vietnam. We can account for 37.9%, 13.1% and 10.9% of total export value, respectively.
Wood and wood products with export value in 6/2018 are estimated at $ 740 million. The cumulative value for the first 6 months is estimated at $ 4.1 billion. And this is an increase of 12.1% over the same period of 2017. In the first three months of 2018, exports to major markets including the United States, China, Japan and South Korea were $ 1.36 billion, up 11.5% over the same period last year, US $ 461,133 million (+ 2.5% increase); $ 439,163 million (+ 3% increase); USD 374,194 million (up 49,6%).
Wood products with high export value
The opportunities and challenges of Vietnam agricultural product export
Opportunities for Vietnam agricultural product export
With its strength as a tropical agricultural country that deeply integrates into the global economy, Vietnam is able to produce a variety of agricultural products of high nutritional and commercial value. Vietnam agricultural product export has many opportunities to approach the global market.
According to statistics released by the second quarter of 2018 of the General Department of Customs, Vietnam has more than 10 major export agricultural products, present in more than 160 countries and territories in the world. In particular, there are export products of over US $ 1 billion, such as coffee, rice, cashew nuts, fruits, and vegetables, etc., and are available in most major import markets in the world such as USA, EU, and Japan.
Variety of agricultural products export
Some items have the high export position in the world such as cashew nut, pepper; coffee item and rice (ranked third). Export turnover of agriculture, forestry, and fishery in the first 5 months of 2018 reached the US $ 15.6 billion, up 9.9% over the same period of 2017. And Vietnam has the opportunity to be in the top 5 largest exporting countries of agricultural product in the world.
Vietnam agricultural product export face many challenges
However, with limited processing capability and a strong brand name, Vietnam agricultural product export, though in terms of quantity have not yet met the value of turnover. Vietnam agricultural product export must be through many intermediaries.
In addition, the integration process is also a challenge when enterprises face a range of issues in market competition. Protection measures through technical barriers such as standards and standards. Requirements on quality safety, inspection procedures, certification in accordance with standards, standards,… must be more rigorous in the import market. Vietnam also needs to improve agricultural techniques and technology to enhance the product quality.
International market with high requirement of food safety
Trade protectionism in major markets such as the US, the EU, and China is returning and causing market instability. And posing challenges for boosting agricultural exports from now until the end of 2018.
For some industries, there are some things to keep in mind next month. In particular, rice is difficult to keep prices as high as the beginning of the year. Because of the world, rice production growth has led to import demand of many countries tend to reduce.
Particularly, it is important to be aware of the commitments made by Vietnam and its partner countries. Not just traditional ones, change business thinking, seek opportunities to cooperate with foreign partners, participate in the global supply chain, improve labor productivity and work skills for the industry.
The post Vietnam agricultural product export in the first 6 months 2018 appeared first on SONGTHAN EXIM.
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