(Photo for illustration)

The 11-month export rose 11.8% year on year while imports increased 6.9% to some 41.22 billion USD, resulting in a surplus of 7.82 billion USD – up 47.8%.

That made up a total trade of 90.26 billion USD, rising 9.5% year on year, statistics show.

Between January and November, key agricultural products brought home more than 20.73 billion USD, up 6.6%; main forestry products 15.59 billion USD, up 8.2%; fishery products 10.14 billion USD, up 27%; and animal farming 361.4 million USD, down 8.4%.

So far, the agricultural sector has seen eight products and groups of products with export value of over 2 billion USD each, namely coffee, rubber, rice, vegetables and fruit, cashew nut, shrimp, tra fish, and wood products.

Agro-forestry-fishery exports in 11 months outpace last year’s record.

Asian markets accounted for 44.7% of Vietnam’s total exports, Americas 27.4%, Europe 11.3%, Oceania 1.7%, and Africa 1.7%.

The U.S. remains the biggest buyer of Vietnamese goods, with 12.3 billion USD, making up 25% of total shipments. It is followed by China (9.3 billion USD, 18.9%) and Japan (3.9 billion USD, 7.9%).

The MARD said agro-forestry-fishery imports are estimated at over 41.22 billion USD during 11 months, increasing 6.9% from a year earlier.

That includes more than 25.21 billion USD worth of key farm produce, up 3.9%; 2.5 billion USD of fishery products, up 39.7%; 2.89 billion USD of forestry products, up 4%; and over 3 billion USD of animal products, down 3.2%.

Source: VNA