Exporting agricultural products is an indispensable step in the integration and development process. This activity is helpful in stimulating economic growth, increasing national income and GDP growth. Let’s take a look at the Top 5 best exported agricultural products with Lata Farm!
Current status of Vietnam’s agricultural exports
Agriculture has long been the strength of Vietnam – a powerhouse proud of its sustainable and sustainable agriculture. From 2009 to present, the export value of our country’s agricultural products has always been at a high level. Contributing a significant part to the total export value of goods and GDP of our country.
According to statistics from the Ministry of Agriculture and Rural Development, total agricultural export turnover increased from 16.5 billion USD in 2008 to 32.1 billion USD in 2016 (growth of 8.7%/year).
Among them, some of the best exported agricultural products and with a sharp increase in export turnover are
Cashew nuts (growth 15.3%/year)
Fruit and vegetable group (25.2% growth)
Pepper (growth 21%/year).
Top 5 best exported agricultural products of Vietnam.
Rice
Rice is one of Vietnam’s main export agricultural products. Our country’s largest rice consumption market is the Philippines (31.5% market share).
Markets with a sharp increase in rice export value are: Senegal (up 9.86 times), Ivory Coast (up 78.6%), Taiwan (up 31%), Hong Kong (up 28.3%) and Tanzania (up 26.6%).
Fruit and vegetable product group
Currently, Vietnam has made a significant contribution to the export of fruit and vegetable products to foreign countries. The following are the markets along with the corresponding best exported agricultural products:
United States: mango, longan, lychee, dragon fruit, rambutan and star apple. Other fruits can be exported as frozen or processed products (canned, dried).
China: dragon fruit, mango, watermelon, lychee, longan, banana, jackfruit, rambutan, mangosteen.
Australia: Vietnamese fresh longan has the advantage of being able to supply it all year round.
Japan: Currently, Vietnam has been licensed to export bananas, mangoes, dragon fruits and lychees to Japan.
Cashew nuts
Vietnam is proud to be the leading country exporting cashew nuts to the US market. Accounting for nearly 37% of the country’s total exports, with 67,085 tons, equivalent to 450.93 million USD.
Ranked 2nd in terms of consumption is the EU market. Accounting for 25% of the country’s total export volume, with 46,375 tons, equivalent to 310.95 million USD, an increase of 23.6% in volume.
Coffee
Vietnam owns vast tea fields and hills, so coffee has long been the best exported agricultural product in our country.
Germany is the largest market in terms of Vietnam’s export coffee consumption. Next are Southeast Asia and the United States markets with 149,507 tons and 111,273 tons, equivalent to 296.75 million USD and 185.95 million USD, respectively.
Rubber
China and Malaysia markets still remain Vietnam’s largest rubber consumption markets but tend to decrease compared to the same period last year.
Besides, there is also the Indian market. Accounting for 30% of both volume and turnover compared to the same period in 2018, reaching 118,463 tons, worth 169.09 million USD, accounting for 7.9% of total volume and 8.3% of total turnover.
Keeping up with modern trends and market needs is the top task of farmers. Hopefully the above article provides useful knowledge for your growing season. Please pay special attention to these 5 best exported agricultural products!
