Agriculture & Food

According to customs data, Vietnam's trade surplus reached nearly 11 billion US dollars in the first 11 months of 2022. Among them, the trade surplus of agricultural, forestry and aquatic products reached 7.82 billion US dollars.

According to the previous forecast of Vietnam's Ministry of Industry and Trade, Vietnam's trade surplus will be about US $1 billion in 2022. However, Vietnam's trade surplus in the first 11 months of this year has reached US $10.6 billion, an increase of US $10 billion year on year.

According to customs data, Vietnam's total import and export of agricultural, forestry and aquatic products in the first 11 months reached 90.26 billion US dollars. Customs data showed that the export volume reached about 49.04 billion US dollars, up 11.8% year on year; The import volume reached 41.22 billion US dollars. Customs data showed that the trade surplus of agricultural, forestry and aquatic products reached 7.82 billion US dollars, up 47.8% year on year.

According to customs data, some agricultural, forestry and aquatic products with higher export value in the first 11 months include coffee, with export value exceeding 3.5 billion US dollars, up 31.5% year on year; Rice exports exceeded US $3.2 billion, up 6.9% year on year; The export value of cassava and its products exceeded 1.2 billion US dollars, up 16.4% year on year; The export value of fish inspection reached US $2.2 billion, up 61.9% year on year; Shrimp exports reached US $4.1 billion, up 14.6% year on year; The export value of wood and wood products reached 14.6 billion US dollars, up 9% year on year.

The Ministry of Industry and Trade of Vietnam estimates that the import and export volume of Vietnam's goods will reach 740 billion US dollars to 750 billion US dollars in 2022.