Agro-forestry-fishery exports hit record high in 2024
VGP - Viet Nam’s agro-forestry-aquatic product exports have raked in US$62.5 billion in 2024, the highest figure ever recorded, up 18.7 percent against the previous year, reported the Ministry of Agriculture and Rural Development (MARD).
Of the figure, export value of key agricultural products made up US$32.8 billion (up 22.4 percent); forestry products US$17.28 billion (up 19.4 percent); and aquatic products US$10.07 billion (up 12.2 percent).
The sector has enjoyed a trade surplus of US$17.9 billion during the year, up 46.8 percent and making up 71.6 percent of the nation's trade surplus.
Viet Nam has seven items with the export turnover of exceeding US$3 billion each, an increase of one compared to the previous year.
The ministry targets to raise the export turnover of exporting farm produce to US$64-65 billion next year.
The U.S. surpassed China to become the largest importer of Viet Nam’s agricultural, forestry, and fishery exports, with US$12.3 billion in 11 months of 2024 compared to US$12.2 billion from China, followed by the European Union, Japan, and South Korea.
These impressive results reflect not only the contribution of free trade agreements (FTAs) but also the concerted efforts in negotiating market access and promoting Vietnamese agricultural products globally.
Viet Nam has leveraged FTAs to lower or eliminate tariffs, enhancing competitiveness and access to global markets. Active trade promotion and market-opening agreements significantly boosted exports, particularly for Vietnamese fruits like durians and passion fruit.
The ministry also reported that the forest coverage rate has reached 42.02 percent while the percentage of communes meeting new rural development standards has increased to 78.7 percent; and the percentage of rural households accessing to clean water has risen to 58 percent./.
