HomeNewsEconomy3 billion-dollar export commodity groups of the agricultural industry

3 billion-dollar export commodity groups of the agricultural industry


(HQ Online) - The agricultural sector's export of goods has prospered in the first 2 months of the year, notably, there are 3 commodity groups in this field with a turnover of 1 billion USD or more.

Compared to the same period last year, the number of billion-dollar export commodity groups in the agricultural sector increased by 1 group compared to the same period last year.

The new product group that achieved this result in the first 2 months of the year is coffee with a turnover of 1,25 billion USD, an increase of 68% (equivalent to an increase in turnover of more than 500 million USD).

The remaining 2 product groups are wood and wood products; Seafood. In general, all three key export product groups of the agricultural sector achieved impressive growth.

With a total turnover of nearly 4,7 billion USD, the three main commodity groups of the agricultural industry alone accounted for nearly 3% of the country's total export turnover in the first 8 months of the year.

Below is a chart of outstanding information related to the 3 important commodity groups mentioned above from statistical data of the General Department of Customs.

3 billion-dollar export commodity groups of the agricultural industry
Details of turnover and growth rate of 3 key agricultural product groups. Infographics: T.Binh.

The main export markets of the above products are the United States, China, Japan, EU countries... Statistical data of the General Department of Customs records that export turnover to important markets are all has positive growth rates, many markets have high double-digit growth.

3 billion-dollar export commodity groups of the agricultural industry
The 3 largest export markets of 3 billion-dollar agricultural groups in the first 2 months of the year. Infographics: T.Binh.

With the above impressive start, experts, managers and the business community are expecting record export numbers for the above product groups this year.

Of which, wood and wood products are aiming for a turnover of 16 billion USD; seafood is expected to reach 9,5 billion USD; Coffee is estimated to reach 5 billion USD.





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