Agricultural, forestry, and fishery exports decline nearly 5% in January

According to the Ministry of Agriculture and Rural Development, Vietnam’s agricultural, forestry, and fishery exports in January 2025 are estimated at $5.08 billion, marking a 4.9% decrease compared to the same period in 2024.

Breaking it down, agricultural product exports reached USD 2.64 billion, down 6.2%; livestock products brought in USD 39 million, a 9.3% drop; fisheries exports totaled USD 750 million, seeing a slight 0.3% uptick; while forestry products generated nearly USD 1.5 billion, reflecting a 4.8% decline.

In the agricultural sector, many key export products experienced declining values compared to January 2024. Notably, fruit and vegetable exports are estimated at USD 400 million, down 18.1%. Rice exports reached 500,000 tons worth USD 308 million, marking a 1% increase in volume but a 10.4% drop in value. Cashew exports brought in USD 300 million, a 14.4% decrease.

On the other hand, some products saw growth. Coffee exports reached 140,000 tons worth USD 763 million, with volume down 41.1% but value increasing by 5% compared to the same period last year. The average export price for coffee in January 2025 is estimated at USD 5,450 per ton, up 78.5% from January 2024. Similarly, rubber exports reached 180,000 tons, generating USD 341 million, down 14.5% in volume but up 14.6% in value.

In terms of markets, Asia remained the largest importer of Vietnam’s agricultural, forestry, and fishery products, accounting for 47.9% of total exports. The Americas and Europe followed with shares of 23.8% and 11.4%, respectively. Africa and Oceania contributed smaller shares of 1.8% and 1.5%.

In January 2025, exports to the Americas, Asia, and Europe declined. Exports to the Americas reached USD 1.21 billion, down 3.5% year-on-year; Asia accounted for USD 2.43 billion, a 1.8% drop; and Europe totaled USD 577 million, a significant 16.2% decrease. Conversely, exports to Africa rose by 31.3%, while Oceania saw a modest 0.2% increase.

By specific markets, the United States, China, and Japan remained Vietnam’s top three importers of agricultural, forestry, and fishery products, holding shares of 21.9%, 21.5%, and 6.6%, respectively.

The Ministry also reported that the total import value of agricultural, forestry, and fishery products in January 2025 reached USD 3.9 billion, an 11.9% increase compared to the same period in 2024. Agricultural imports accounted for USD 2.4 billion (up 12.9%), livestock products USD 383 million (up 32.5%), fishery products USD 300 million (up 22.6%), and forestry products USD 243 million (up 8.9%).

Source: https://vietfishmagazine.com/