Top three agro-forestry-fishery suppliers of Vietnam in 11 months
According to data from the Center for Agricultural Digital Transformation and Statistics under the Ministry of Agriculture and Rural Development, Vietnam’s import value of agro-forestry-fishery products in November 2024 was estimated at 3.92 billion USD, up 20.5% compared to the same period last year. In the 11 months, the total import turnover of this group of products reached 40.28 billion USD, a 9.1% increase year on year (YoY), of which the import value of agricultural products hit 25.05 billion USD (up 10.7% YoY); that of livestock products reached 3.4 billion USD (up 6.3% YoY); and the aquatic products at 2.32 billion USD (down 2% YoY).
Vietnam's fruit and vegetable imports in 11 months of 2024 recorded a turnover of 2.1 billion USD, up 17.5% year on year |
As for forestry products, Vietnam spent 2.54 billion USD on imports of this product group, a sharp increase by 24.2% YoY. Inputs for production reached 6.93 billion USD (up 4.7% YoY), while salt import value decreased by 18.4% YoY to 33.5 million USD.
In terms of trade partners, China, Brazil, and the US continued to be the three largest suppliers of agro-forestry-fishery products for Vietnam, with the market shares of 9.6%, 8.1%, and 7.4%, respectively, and with increased import value by 25.2%, 14%, and 4.8% YoY, respectively.
Regarding specific products, soybean imports in 11 months reached 1.9 million tonnes worth 988 million USD, up 15.8% in volume but down 5.7% in value. Wheat imports reached 5.1 million tonnes, worth 1.42 billion USD, up 3.8% in volume and 29.2% in value YoY. Meanwhile, corn recorded an import volume of 11.3 million tonnes with a value of 2.75 billion USD, up 35.6% in volume and 9% in value YoY.
Cashew nuts, one of the main commodities, saw an import volume of 2.4 million tonnes valued at 3.06 billion USD, down by 9.6% in volume but just 0.6% in value YoY. In contrast, rubber imports reached 1.7 million tonnes worth 2.63 billion USD, up 8% in volume and 31.6% in value.
Fertilizer products also witnessed a strong growth, reaching 4.9 million tonnes (up 32.5% YoY) with a value of 1.6 billion USD (up 26.6% YoY). Imported livestock products reached 3.4 billion USD (up 6.3% YoY), of which milk and dairy products accounted for 1.05 billion USD (down 1.3% YoY), while meat and edible by-products reached 1.55 billion USD (up 14.2% YoY).
The fruit and vegetable imports recorded a turnover of 2.1 billion USD, up 17.5% YoY, while the fishery products reached 2.32 billion USD (down 2% YoY). Imported wood and wood products reached 2.51 billion USD, up 26.2% YoY.
In addition, Vietnam spent 4.47 billion USD on importing animal feed and raw materials (down 2.6% YoY) and 856.5 million USD on pesticides and materials (up 12.4% YoY).
In terms of import prices, in 11 months of this year, cashew nuts were the only commodity that recorded an average price increase of 10% YoY, reaching 1,270 USD per tonne. In contrast, the average import prices of wheat, corn, and soybeans reached 275 USD/tonne, 242.5 USD/tonne, and 515.5 USD/tonne, down by 19.6%, 19.6%, and 18.6% YoY respectively. Fertilizer prices also decreased by 4.5% YoY to 328.2 USD/tonne.
See more news
Viet Nam's online export value to reach VND145.2 trillion by 2028
14:37 | 19/12/2024 Trade
E-commerce race heats up with new player entering arena
11:36 | 19/12/2024 Trade
Bac Ninh Province promotes farm produce sales through e-commerce platforms
16:24 | 18/12/2024 Trade
Thailand is Vietnam’s largest trading partner in ASEAN
09:09 | 18/12/2024 Trade
Vietnam’s tuna exports exceed US$900 million in 11 months
15:26 | 17/12/2024 Trade
Agro-forestry-fisheries exports top 62 billion USD in 2024
09:19 | 17/12/2024 Trade
Vietnam’s e-commerce boom: a 5.8 bln USD opportunity by 2028
09:06 | 17/12/2024 Trade
Vietnam’s pangasius exports reach US$1.8 billion in 11 months
09:00 | 17/12/2024 Trade
Maintaining stability in Vietnam’s real estate market
17:01 | 16/12/2024 Trade
CPTPP, UKVFTA to boost UK - Vietnam trade relations
16:53 | 14/12/2024 Trade
Top three agro-forestry-fishery suppliers of Vietnam in 11 months
17:36 | 19/12/2024 Trade
Five businesses fined over VND2 billion for violating competition laws
17:23 | 19/12/2024 Economy
Vietnam among Asia’s 15 largest economies
17:23 | 19/12/2024 Economy
The Era of Advancement for Vietnam Industrial Park
17:15 | 19/12/2024 Industry
Party Central Committee's Office asked to be model in all works
17:13 | 19/12/2024 News and Events
Multimedia
Total FDI registered in Vietnam hits 31.4 billion USD in January-November
09:02 | 17/12/2024 Infographic
First 11 months of 2024: Import-export turnover increases 15.4%
10:55 | 16/12/2024 Infographic
11-month agro-forestry-fishery exports exceed yearly target
19:55 | 15/12/2024 Infographic
Hanoi achieves or exceeds 23/24 socio-economic targets for 2024
08:57 | 13/12/2024 Infographic
Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development
09:05 | 12/12/2024 Infographic
Resolution on construction of North-South high-speed railway issued
11:42 | 19/12/2024 Policy
PM requests no one be left behind in apparatus restructuring
09:16 | 18/12/2024 Policy
PM urges combating group interest during apparatus restructuring
10:47 | 13/12/2024 Policy
Vietnam viewed as a priority in India's Act East policy
15:20 | 12/12/2024 Policy
The Era of Advancement for Vietnam Industrial Park
17:15 | 19/12/2024 Industry
Vietnamese coffee sector working to meet EU Deforestation Regulation
16:38 | 18/12/2024 Industry
Construction industry expands at the highest rate since 2020: ministry
09:38 | 18/12/2024 Industry
Viet Nam's semiconductor industry revenue estimated at over US$18 billion in 2024
15:47 | 17/12/2024 Industry
Boeing aims to expand investment and cooperation in Vietnam’s defense sector
17:00 | 19/12/2024 Investment
Can Tho attracts non-state investment
10:21 | 17/12/2024 Investment
FDI remains vital contributor to boost economic growth
09:06 | 13/12/2024 Investment
Total investment for Bien Hoa - Vung Tau expressway project to increase by VND6.3 trillion
14:54 | 12/12/2024 Investment
Vietcombank named most valuable brand in Vietnam
16:43 | 18/12/2024 Finance-Banking
Many banks increase deposit interest rates in year-end period
16:56 | 16/12/2024 Finance-Banking
Deputy PM urges extra efforts to remove Vietnam from money laundering grey list
15:16 | 13/12/2024 Finance-Banking
Realty stocks see signs of recovery
15:07 | 10/12/2024 Finance-Banking
Vietnam likely to face continued turbulent weather systems in 2025
14:26 | 19/12/2024 Environment
Nature-based projects help Mekong Delta fight climate change
16:31 | 18/12/2024 Environment
11 rare monkeys released back into wild in Nghe An
09:27 | 18/12/2024 Environment
Master Plan on Sustainable Exploitation and Use of Coastal Resources announced
11:26 | 16/12/2024 Environment
Two VNA newspapers rated "excellent" in digital transformation maturity
14:29 | 17/12/2024 Science - Technology
Russia’s autonomous area wants to boost IT cooperation with Vietnam
15:00 | 16/12/2024 Science - Technology
Tokyo forum provides youngsters with insights into IT career
14:55 | 16/12/2024 Science - Technology
NVIDIA deal – catalyst for Vietnam’s tech growth: investment site
09:48 | 13/12/2024 Science - Technology
HCMC - Trung Luong - My Thuan Expressway to be expanded
15:46 | 18/12/2024 Society
Metro line 1 begins commercial operations this weekend
10:45 | 18/12/2024 Society
Six hospitals to be upgraded to meet international standards
09:53 | 18/12/2024 Society
Directive issued to ensure merry Tet for all
09:30 | 18/12/2024 Society
Hanoi promotes key industrial products
12:57 | 15/12/2024 Vietnamese Brands
Building a strong brand for Ha Giang’s thick-skinned orange
14:31 | 12/12/2024 Vietnamese Brands
2024 Vietnam Business Day opens shop in Japan
14:49 | 04/12/2024 Vietnamese Brands
Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan
14:55 | 02/12/2024 Vietnamese Brands
Legendary band Boney M to thrill Vietnamese audiences this Christmas
14:49 | 17/12/2024 Culture
Ten prominent cultural, sports, tourism events in 2024 announced
14:39 | 17/12/2024 Culture
Argentine culture moves closer to Vietnam with Tango dance
15:15 | 16/12/2024 Culture
Music night honours friendship of Vietnam, Latin American countries
15:04 | 16/12/2024 Culture
Vietnam among top 3 destinations appealing to Australians
14:34 | 17/12/2024 Tourism
Ha Long Bay celebrates 30 years as a world heritage site
15:16 | 16/12/2024 Tourism
“Biet dong Sai Gon - Legendary Tunnels" tour launched
15:10 | 16/12/2024 Tourism
Cao Bang promotes UNESCO-recognised global geopark
13:11 | 15/12/2024 Tourism