Vietnam: Total agri import-export value reached US$90.26 bln in the past eleven months

“According to Vietnam’s Ministry of Agriculture and Rural Development, in the past eleven months, the total import-export value of the agricultural industry reached US$90.26 billion with a trade surplus of nearly $8 billion, an increase of nearly 48 percent but the import-export of the agriculture sector was forecasted to face many difficulties in the upcoming time.

Specifically, the eleven-month export turnover was about $49.04 billion, up 11.8 percent and the import was about $41.22 billion, up 6.9 percent. Thus, in the past 11 months, the Southeast Asian country’s agricultural sector had a trade surplus of $7.82 billion, up 47.8 percent over the same period last year.

Up to now, fresh pomelo is the seventh fruit of the country allowed to be imported into the US market resulting from long-term efforts at negotiation of specialized agencies between the two countries and the persistent companionship of Vietnamese pomelo producers and exporters during negotiation.”

*This article is excerpted from freshplaza.com website, published 30th November 2022