The results make the Ministry of Agriculture and Rural Development’s set export value target of 31 billion USD for this year more feasible.

 

However, in November, rice exports saw a sharp drop as only 353,000 tonnes were sold for 156 million USD. In the first 11 months of this year, the country shipped abroad 4.54 million tonnes of rice for 2 billion USD, a year on year fall of 25 percent in volume and 20.3 percent in value.

 

At the same time, decrease was also seen in export of cassava and cassava products, as 294,000 tonnes were bought for 80 million USD, which raised the figures in January-November to 3.3 million tonnes and 896 million USD, respectively, down 12.3 percent and 24.9 percent over the same period last year.

 

China was the largest consumer of Vietnam’s rice, cassava and cassava products. The country imported 36 percent of Vietnam’s total exported rice and 86.2 percent of shipped cassava and cassava products.

 

Meanwhile, rubber exports enjoyed high growth with an export volume of 117,000 tonnes and a value of 165 million USD, raising the figures so far this year to 1.1 million tonnes and 1.43 million USD, an increase 12.3 percent and 4.6 percent, respectively, compared to the same time in 2015.

 

Major agri-products, such as coffee, peppercorn and tea, still maintained good growth in export. 

 

In the 11-month period, Vietnam exported 1.6 million tonnes of coffee for 2.98 billion USD, a surge of 36.1 percent and 24.3 percent, respectively; 230,000 tonnes of cashew for 2.59 billion USD, up 6.2 percent in volume and 18.3 percent in value. Peppercorn exports also enjoyed a 15 percent rise to reach 1.37 billion USD.

 

Shipment of aquatic products in November was estimated to hit 6.4 billion USD, up 6.9 percent year on year, while that of major forestry products is 6.5 billion USD, a rise of 0.8 percent.