The promotion of the agro-forestry-fisheries industry markets' exportation

According to a report by the Ministry of Agriculture and Rural Development, the total import-export turnover of the agricultural, forest, and fishing products in the 8 months of 2022 is estimated at US$66.2 billion, up 8.7% over the same period last year. Export is estimated at 36.3 billion USD, up 13.1%; import is estimated at 29.9 billion USD, up 3.9%.

OPENING MAJOR EXPORT MARKET
Assessing the results of the first 8 months of 2022, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that in the past time, the ministry has made great efforts to "open up" export markets for agricultural, forest, and fishing products. As a result, many products have been officially exported to major markets (China, USA, EU, Russia, Brazil) and effectively exploited potential markets (Japan, Korea, ASEAN, Australia, New Zealand, Middle East).

Notably, the supply chain of safe seafood continued to be maintained, meeting the requirements of export markets; the number of export products increased; enterprises are allowed to export to markets, including markets with high requirements for food quality and safety. Therefore, export results in August and 8 months of 2022 achieved high growth rates.

In the first eight months of 2022, the total export turnover of the entire agriculture, forest, and fishing industry are estimated at nearly 36.3 billion USD, up 13.1% over the same period in 2021. The main agricultural product group exports nearly 15 billion USD, up 7.4%; main forest products over 11.8 billion USD, up 6.2%; seafood over 7.5 billion USD, up 35.3%; animal husbandry USD 258.6 million, down 12.2%; production input was nearly 1.7 billion USD, up 48.2%.

In the past 8 months, there were 7 products/product groups with an export value of over 2 billion USD (coffee, rubber, rice, vegetables, cashew, shrimp, and wood products).

Regarding the export market of agriculture, forest, and fishing in the first eight months of 2022, Asia (accounting for 43.1% of the market share), the Americas (28.9%), Europe (11.8%), and Oceania (1.7%) and Africa (1.6%). The United States continues to be the largest export market of Vietnam's agriculture, forest, and fishing, reaching nearly $9.6 billion (accounting for 26.4% of the market share). Second is the Chinese market with about 6.5 billion USD (accounting for 17.8% market share). In third place is the Japanese market with an export value of over $2.7 billion (accounting for 7.4%) and the fourth is the Korean market with an export value of over $1.7 billion. accounted for 4.7%).

AQUATIC EXPORTATION GROWS BUT WILL BE MORE DIFFERENT
Although the export of agro-forestry-fishery products has achieved positive results, for the seafood industry alone, Ms. Le Hang, Deputy Director of VASEP.PRO Center under the Vietnam Association of Seafood Exporters and Producers (VASEP) commented: "Global inflation has begun to cast a shadow on Vietnam's seafood exports".

Specifically, after skyrocketing 85% in April 2022, Vietnam's seafood exports started to slow down in May (especially in the US market); to June to turn negative growth, with a decrease of 8% over the same period. However, in the first 6 months of 2022, seafood exports still grew by 40% compared to 2021.

In July 2022, seafood exports to the United States decreased to 30.5%. Exports of black tiger shrimp dropped the most by 69%, and white-leg shrimp decreased by nearly 55%. Pangasius exports to the US in July also decreased by 4%. Crab is also in the top 5 seafood species that are exported a lot to this market, but it decreased by 22% in July. However, in general, for 7 months of 2021, Vietnam's seafood exports to the United States still reach close to the US market. $1.5 billion, up 30% over the same period in 2021.

With the EU market, in the second quarter of 2022, Vietnam's seafood exports to this market still grew by 31%, but in July, the growth rate dropped to 18%. Some items that have decreased exports are clams down 1%, squid 17%, surimi fish cakes down 26%. By the end of July 2022, the total seafood export turnover to the EU reached US$818 million, up 37% over the same period in 2021.

Similar to EU countries, the UK market is also reeling in an inflationary spiral with a record high of 40 years, as of July 2022, the inflation rate has reached 10.1%. Therefore, Vietnam's seafood exports to the UK in the second quarter of 2022 decreased by 12%, and in July 2022, they continued to decrease by 18%. Shrimp decreased by 27%, tuna, and other marine fish decreased by 54% and 28% respectively. Price inflation and the lack of cod and pollock from Russia have made the British give more choice to pangasius, so Vietnam's pangasius exports to the UK increased by 45% in July. However, pangasius is still not strong enough to pull growth for the whole industry, by the end of July 2022, the total seafood export turnover of Vietnam to the UK only reached 176 million USD, down nearly 5% over the same period.

For the Chinese market, from July 2022, the country announced the suspension of shipments found to have traces of coronavirus, but still checked online via video and in fact, still had a suspension order with enterprises if found not to meet China's standards for disease prevention and control. For that reason, in July 2022, Vietnam's seafood exports to China decreased, of which shrimp decreased by 17%, and crabs decreased by 47%. However, pangasius exports still grew by 54%, octopus exports increased by 140% over the same period last year.

Although there are still difficulties in raw materials, exchange rate, and inflation, making it impossible for Vietnam's seafood exports in the second half of the year to maintain high growth as in the first half of the year, according to Ms. Hang, it is still possible to be optimistic. in the number of seafood exports over 10 billion USD for the whole year of 2022 when in 7 months of 2022, we have exported nearly 6.7 billion USD.

Mr. Nguyen Quoc Toan, Director of the Department of Agricultural Products Processing and Market Development, said, "In the last 4 months of the year, we will try to complete negotiations to open the market for products including export longan. Exporting to Japan; continuing to negotiate products of passion fruit, coconut exported to the United States, pomelo exported to Korea, passion fruit exported to Australia, citrus exported to New Zealand. on durian and provisional guidance for passion fruit exports to China; standardize regulations relating to traditional fresh fruits exported to China.

We have also been actively preparing technical documents, and actively negotiating to open the market for the official export of agricultural products to large and potential markets. Specifically: China (bird's nest, avocado, pomelo, custard apple, coconut...), Japan (longan, pomelo, passion fruit, exporting heat-treated poultry), Korea (shrimp, pomelo, breast) milk, passion fruit, longan, litchi, rambutan, cattle meat, processed poultry, processed poultry eggs), Myanmar (grapefruit, mango), Thailand (Rambutan, pomelo, passion fruit, custard apple, custard apple) ), Australia (fresh shrimp, passion fruit), New Zealand (lime, passion fruit, longan, custard apple, grapefruit, litchi, mangosteen, watermelon), and so on.

On the other hand, solving technical barriers creates favorable conditions for export; diversifying treatment measures for a product to ensure prolongation of the preservation time, thoroughly eliminate the plant quarantine objects, and increase the high competitiveness of Vietnamese agricultural products.”

Source: VnEconomy