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Agricultural sector enjoys trade surplus of over US$6 bln in eight months

VGP – The agricultural sector enjoyed the trade surplus of US$6.2 billion over the recent eight months of 2020, a year-on-year increase of 4.9%, according to the Ministry of Agriculture and Rural Development.

09/05/2020 15:48

Agriculture-forestry-aquatic exports in eight months are estimated at US$26.15 billion, a year-on-year decrease of 0.9%.

In August, Viet Nam gained US$3.6 billion from exporting agriculture-forestry-aquatic products, up 3.5% against the previous month.

Agriculture-forestry-aquatic exports in the first eight months were estimated at US$26.15 billion, a year-on-year decrease of 0.9%.

Of the figure, exports of key main farm products reached nearly US$12 billion, down 3.2% and aquatic exports obtained US$5.2 billion, down 5.3% while exports of key forestry products rose 10.3% against the same period last year, to over US$7.8 billion.

During the reviewed period, the imports of agriculture-forestry-aquatic products hit US$19.9 billion, down 2.5%, US$16 billion of which were spent for importing key main agriculture-forestry-aquatic products, down 5.2%.

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said that the agricultural sector expects to earn US$41 billion from exporting in 2020 as the COVID-19 pandemic is put under control in the next months of the year./.

By Thuy Dung