Vietnam's farm exports estimated to grow 7.6 percent in Q1

Vietnam's farm exports are estimated at 7.6 billion U.S. dollars in the first quarter of 2017, up 7.6 percent year-on-year, according to the country's Ministry of Agriculture and Rural Development on Wednesday.

The export value of main agricultural products increased 13.5 percent against the same period last year to reached 4.2 billion dollars, accounting for over 55 percent of the total farm exports revenue in Q1.

Meanwhile, forestry and aquatic exports rose to 1.8 billion dollars and 1.5 billion dollars, up 12.4 percent and 3.6 percent year-on-year, respectively.

Regarding some key items, rice export posted a 17.3 percent year-on-year decline in value to 566 billion dollars over the three-month period.

China remained Vietnam's largest rice importer between January and February period with 242,000 tons of Vietnamese rice worth 112.8 million dollars, up 51.3 percent in volume and 58.1 percent in value year-on-year.

Value of coffee exported rose 25.6 percent year-on-year to reach 1 billion dollars in Q1 despite the 5.4 percent drop in volume.

At the same time, wood and wooden products exports enjoyed a year-on-year increase of 13 percent to 1.7 billion dollars in Q1.

The United States topped the list of Vietnam's wood importers in the first two months this year, tailed by China and Japan, the ministry said. Endit