2 agricultural product groups in the Top 10 export products; dragon fruit is the 2nd export product... are the highlights in the export news from July 22-28.

Dragon fruit is Vietnam's second largest export product.

According to the Vietnam Fruit and Vegetable Association, in the first 6 months of the year, durian continued to maintain its number 1 position in terms of export value with 1.323 billion USD, up 44.4% over the same period last year. Dragon fruit ranked second with 292 million USD, down 14.3% over the same period last year.

Dragon fruit is Vietnam's second largest export product. Photo: VNA

Just a few years ago, dragon fruit was the fruit with the highest export value in the fruit and vegetable industry. In 2018, the highest record that dragon fruit brought to Vietnam was nearly 1.3 billion USD, but then gradually decreased and lost the 1 billion USD export mark in 2022.

In the first 6 months of the year, although the import value decreased by 26%, the Chinese market was still the largest dragon fruit import market with a value of 203 million USD, accounting for 68% of the market share.

The good news is that most dragon fruit import markets outside of China have increased in value, such as: India 21 million USD, up 35%; the US 18 million USD, up 90%; South Korea 10 million USD, up 36%; UAE 7.8 million USD, up 60%... This shows that Vietnamese enterprises have had a fairly good market shift.

Name 2 agricultural product groups in the Top 10 export products

Statistics from the General Department of Customs show that among the 10 largest export groups in the first half of 2024, there are 2 groups in the agricultural sector: wood and wood products; seafood.

Of which, wood and wood products reached a turnover of 7.48 billion USD, an increase of 23.1% (equivalent to an increase of 1.4 billion USD). The United States continues to be the largest export market for this item, with 4.07 billion USD, an increase of 24.6% (equivalent to an increase of 803 million USD) and accounting for 54% of the total export turnover of wood and wood products of the country.

In the 10 largest export commodity groups in the first half of 2024, there are 2 groups in the agricultural sector: wood and wood products; seafood.

Aquaculture is also the leading export commodity group of the agricultural sector with a turnover of 4.41 billion USD, up 6.2% (equivalent to an increase of 259 million USD).

Seafood exports to key markets such as the United States were 782 million USD, up 10.5%; Japan was 704 million USD, down 1.4%; China was 682 million USD, up 7.4%; EU was 501 million USD, up 9.3%.

The remaining 8 commodity groups in the Top 10 largest export industries, as of June 2024, include: Computers, electronic products and components reached 33.67 billion USD, accounting for 18% of the country's total export turnover and increased by 31.5% (equivalent to an increase of 8.07 billion USD) compared to the same period last year.

Telephones of all kinds and components reached 27.15 billion USD, up 11% (equivalent to an increase of 2.7 billion USD). Machinery, equipment, tools and spare parts with a turnover of 23.16 billion USD, up 17.3% (equivalent to an increase of 3.42 billion USD).

Textiles and garments with a turnover of 16.52 billion USD, up slightly 4.6% (equivalent to an increase of 725 million USD). Footwear of all kinds with 10.72 billion USD, up 8.8% (equivalent to an increase of 867 million USD).

Means of transport and spare parts reached 7.21 billion USD, up 2.3% (equivalent to an increase of 160 million USD). Iron and steel of all kinds reached 6.5 million tons, up 20.5% and turnover reached 4.78 billion USD, up 12.2%.

Cameras, camcorders and components are a high-growth billion-dollar group with a turnover of 4.03 billion USD, up 50.7% (equivalent to an increase of 1.35 billion USD) compared to the same period in 2023.

Top 6 largest import markets of Vietnam

The General Department of Customs has just announced detailed statistics on exports in the first 6 months of 2024. Accordingly, from the beginning of the year to the end of June 2024, the export value of our country reached 190.73 billion USD, up 14.9%, equivalent to an increase of 24.74 billion USD compared to the same period last year.

The United States is Vietnam's largest export market in the first 6 months of the year.

In the past 6 months, the country recorded 6 major export markets/market regions, reaching a turnover of 10 billion USD or more, led by the United States with 55.1 billion USD, China with 27.7 billion USD, the EU with 24.7 billion USD, ASEAN with 17.9 billion USD, and South Korea with 12.2 billion USD. These 6 markets/market regions alone imported 149 billion USD of Vietnamese goods.

In the first half of 2024, there were 6 export markets/market regions with an increase of over 1 billion USD compared to the same period last year.

The United States was the market with the strongest increase with 10.7 billion USD; followed by the EU (27 countries) with an increase of 3.3 billion USD; ASEAN with an increase of 2 billion USD; China with an increase of 1.6 billion USD; Hong Kong (China) with an increase of 1.8 billion USD; South Korea with an increase of 1.1 billion USD compared to the same period last year.

In general, the export value in the first 6 months of 2024 of these 6 markets/market regions increased by 20.4 billion USD compared to the same period last year and was equal to 82% of the increase in the export value of the whole country.

The United States imported from Vietnam 11.16 billion USD of computers, electronic products and components, up 51.6%; imported 5.5 billion USD of phones and components, up 34.3%; imported 9.19 billion USD of machinery, equipment, tools and spare parts, imported 7.21 billion USD, up 3.6%; imported textiles, up 15.8%; imported 3.84 billion USD of footwear, up 14.6%; imported 4.07 billion USD of wood and wood products, up sharply 24.6% compared to the same period.

Similarly, the EU also increased imports of most high-value commodity groups from Vietnam, including: 4.05 billion USD of computers, electronic products and components, up 52.4%; 3.49 billion USD of phones and components, up 1.6%; 3.33 billion USD of machinery, equipment, tools and spare parts, up 19.2%; 2.72 billion USD of imported footwear, up 10.5%...

Cassava export prices increase sharply

According to the latest statistics from the General Department of Customs, as of mid-July 2024, our country had exported nearly 1.5 million tons of cassava, a slight decrease compared to the figure of 1.59 million tons in the same period last year. On the contrary, the export value of this item recorded a sharp increase of nearly 684 million USD, an increase of 7.6% over the same period in 2023.

Cassava export value recorded a strong increase of nearly 684 million USD, up 7.6% over the same period.

According to the Import-Export Department (Ministry of Industry and Trade), from the beginning of July 2024 to now, Vietnam's iron sheet export price has been stable compared to the end of last month.

Currently, the iron sheet export price to the Chinese market is at 250 USD/ton; the export price to the Korean market is about 300 USD/ton.

In terms of export markets, in June 2024, China continued to be the largest export market for cassava and cassava products of Vietnam, accounting for 87.88% in volume and 88.52% in value of the total export of cassava and cassava products of the whole country. Specifically, China imported 124.11 thousand tons of cassava and cassava products, worth 60.4 million USD, up 49.5% in volume and 56.7% in value compared to May 2024, up 3.5% in volume and 9.3% in value compared to June 2023.

In the first 6 months of 2024, Vietnam exported 1.26 million tons of cassava and cassava products to China, worth 569.05 million USD, down 6.1% in volume but up 8.9% in value compared to the same period in 2023. Notably, in June 2024, cassava and cassava products exports to Malaysia increased sharply compared to the same period in 2023, reaching 1.27 thousand tons, worth 656.25 thousand USD, up 1,643% in volume and 2,049% in value compared to June 2023.

In the first 6 months of 2024, Vietnam exported 10.92 thousand tons of cassava and cassava products to Malaysia, worth 5.74 million USD, up 69.6% in volume and 79.2% in value over the same period in 2023.

Source: Cong Thuong Newspaper