Friday 29 March 2024
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Vietnam’s coffee exports down 38 percent in value in Jan-May period

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Exports of agricultural, forest and fisheries products from Vietnam totalled a value of US$11.4 billion in the first five months of this year, the Agriculture and rural development ministry’s (MARD) latest report said.

This is a year-on-year decrease of 7.3 per cent.

In May alone, the sector recorded an export turnover of $2.37 billion.

Of the total, seafood exports contributed $2.41 billion in the five-month period, down 17 per cent in comparison with the same period last year.

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Farm produce worth $5.62 billion were exported in the five-month period, down 7.4 per cent in comparison with the same period last year. Rice and coffee saw the largest decline of 14.6 per cent and 38 per cent, respectively.

Meanwhile, the export value of forest products increased year-on-year by seven per cent to touch $2.69 billion.

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