Vietnam's agro-forestry-aquatic product exports have seen a remarkable surge, reaching approximately $19.06 billion in the first four months of 2024, marking a substantial increase of 23.7% compared to the previous year. This surge in exports has contributed significantly to the country's economic growth and trade balance, with a trade surplus of $4.74 billion, representing a notable rise of 71.5% year-on-year.
In April alone, Vietnam's agro-forestry-aquatic product exports amounted to $5.14 billion, reflecting a substantial increase of 19.7% compared to the same period last year. Main agricultural products constituted a significant portion of these exports, amounting to $2.83 billion (up 29.2%), followed by forestry products at $1.39 billion (up 18.6%), and aquatic products at $730 million (down 1.5%).
The surge in exports has been witnessed across various markets, including Asia, America, Europe, Oceania, and Africa, with export values experiencing notable increases ranging from 19.8% to 38.6%. Notably, the United States, China, and Japan continue to stand as the top three largest buyers of Vietnam's agro-forestry-aquatic products.
To sustain this impressive growth trajectory, the Ministry of Agriculture and Rural Development has been actively addressing market-related challenges to facilitate shipments, particularly to key markets such as China, the United States, Japan, and the European Union. Furthermore, efforts are underway to expand into new markets, with a particular focus on regions like the Middle East and Africa, to diversify Vietnam's export destinations and further bolster its economic resilience.
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