Difficulties due to Covid-19, in the first quarter of 2020 Vietnam’s agricultural exports still reached over 9 billion USD
The Ministry of Agriculture and Rural Development has just announced the import-export turnover in the first 3 months of 2020 with many difficulties alternating with bright spots.
According to the Ministry of Agriculture and Rural Development’s data released on April 1; the total import-export turnover of agricultural, forestry and fishery products in the first 3 months was estimated at nearly 15.2 billion USD. In particular, exports USD 9.06 billion, equivalent to the same period last year. Imports decreased by 13.2%, equivalent to about US $ 6.2 billion. Trade surplus was nearly US $ 2.9 billion, up 48.9% over the same period last year.
The export turnover:
Specifically, the export turnover of agriculture, forestry and fishery in the first 3 months was estimated at US $ 3.5 billion; down 3.2% compared to March 2019, but up 16.6% compared to February 2020. In particular, the export value of the main agricultural products reached nearly US $ 1.6 billion. Of which, the main forest products reached nearly US $ 1.1 billion; the aquatic products reached US $ 549 million and the livestock reached US $ 43 million.
Generally in the first quarter, the export turnover of agriculture, forestry and fishery reached 9.06 billion USD, equivalent to the same period in 2019. Of which, the main agricultural products reached 4.2 billion USD, down 3.1%; Main forest products reached 2.8 billion USD, up 16.13%; Aquatic products reached 1.5 billion USD, down 14.0%; Livestock reached 109 million USD, down 21.8%.
Most of export items decreased turnover, except for rice, vegetables, cassava, wood and wood products, countryside, rattan, etc. Specifically, rice reached 1.7 million tons (up 19.9%), prices value reached 774 million USD (up 27.8%); Wood and wooden products reached 2.62 billion USD (up 15.9%) …
The items with much reduction, such as: rubber reached 331 million USD (down 26.1%); tea reached 37 million USD (down 19%); pepper reached 163 million USD (down 13.9%); fruit reached 836 million USD (down 12.5%); Pangasius reached 238 million USD (down 61.5%), …
Regarding the export market:
Regarding the export market, due to the effect of the Covid-19 epidemic; the export of agricultural products to major markets has changed in market share. Accordingly, the United States holds the largest market share with export turnover of US $ 2.1 billion; up 18% and accounting for 23.2% of the market share. Followed by China with 1.9 billion USD; down 19.4% over the same period and accounting for 21.4% market share.
EU market reached 1.2 billion USD, down 0.9% and accounting for 13.1% market share. Export to Japan reached 802 million USD; up 2.72%, accounting for 8.9% market share. Exports to ASEAN countries reached US $ 970 million; up 16.4% and accounting for 10.7% of the market share.
Given the difficulties and challenges, the results achieved in the first quarter of 2020, in April 2020, the Ministry of Agriculture and Rural Development focused on a number of important tasks to achieve the export targets set for 2020.
Focus on addressing technical barriers, negotiating market expansion
In particular, implementing plans and scenarios for exporting agricultural products to meet rising demand when China is out of epidemics. Focus on addressing technical barriers, negotiating market expansion (expanding recognition of production areas, types of products, exporting enterprises) to EU countries, EU Economic Union, the United States, Brazil … and seafood exports to the Saudi market.
Regularly update the developments and situation in key markets affected by the epidemic, promptly advise, report and propose solutions. Closely monitor the export of agricultural products through border gates with China. Work with this country to identify specific measures to ensure goods clearance, good disease control; promote the restructuring of import-export market in a sustainable manner.
Balance supply and demand, ensure domestic food security and maintain agricultural exports
Closely coordinating with the Ministry of Industry and Trade, agencies and enterprises closely monitor price movements, supply and demand of essential agricultural products in the country (rice, pork, vegetables, aquatic products, sugar,salt ..) to balance supply and demand; ensure domestic food security and maintain agricultural exports; improve the quality of market forecasts and promptly inform localities and enterprises to have appropriate production and business plans.
Coordinate with the Ministry of Industry and Trade, localities and enterprises to connect with the purchase of agricultural products; boost consumption of agricultural products in large supermarket chains and chains to ensure adequate supply of food and food for people; especially during the time when the Government applied strong measures to prevent Covid-19. Encourage businesses to improve the quality of preservation and processing of agricultural products.