Despite a decrease of over 11% in agro-forestry-aquatic product exports in the first five months of 2023 compared to the same period last year, the rate of decline is gradually narrowing.
In May, exports stood at over 4.8 billion USD, down 3.5% from the same period last year and much lower than the decrease of 68% in January. Agro-forestry-aquatic product exports reached nearly 20.3 billion USD in the January-May period, and are forecast to hit 55 billion USD in 2023.
Shipments to major markets such as China, Japan, and other Asian countries are gradually regaining growth.
Of the five-month export revenue, farm produce brought home 10.3 billion USD, up 9.9%; animal products 190 million USD, up 34.5%; aquatic products 3.47 billion USD, down 25.9%; and forestry products 5.52 billion USD, down 26.8%.
China, the US, and Japan remain the biggest markets of agro-forestry-aquatic products from Vietnam during the five months./.
