Total value of agricultural, forest and fisheries products in the first eight months of 2020 exported to Asian markets was estimated at USD 14.02 billion, (accounting for 53,6% of the total export value) dropping by 7.2% with the similar duration of 2019. For the Europe and Oceania, total value was estimated at USD 3.41 billion (3.3% less than the similar period of 2019) and USD 406 million (a drop of 4.9%), respectively. In contrast, Vietnam's agricultural, forestry and fishery products exported to the America and Africa were estimated at USD 6.9 billion and USD 566 million, respectively, which were increased 10,6% and 4,9% comparably to the same duration of 2019.
The US, China, Japan and the Republic of Korea markets were the four largest import markets for Vietnam's agricultural, forestry and fishery products, with the market share of 24.13% (increasing by 14.2% over the same period in 2019), 24.01% (-10.1%), 8.43% (-1.8%) and 5.86% (-1%), respectively.
For fisheries products, total export value in August 2020 was estimated at USD 800 million, which brought total value in the first eight months of 2020 to USD 5.2 billion, 5.3% lower than the same period of 2019. The US, Japan, China and the Republic of Korea were the top 4 import markets of Vietnamese fisheries products in the first 7 months of 2020, accounting for 60% of total fisheries export value. in term of export value, in the first 7 months of 2020, UK was the fisheries import market of Vietnam’s fisheries product showing the highest increase of 17.8%.
In the first eight months of 2020, total value import of agricultural, forest and fisheries products was estimated at USD 19.95 billion, decreasing by 2.5% in comparison to the same time of 2019. Of which, the import of major agricultural, forest and fisheries products was valued at USD 16.05 billion, a drop of 5.2% compared to the same period of 2019.
The value of importing animal feed and raw materials, animal and vegetable oils, wheat, corn, soybeans and livestock was estimated to increase in comparison with the same period in 2019. Meanwhile, the import value of the remaining agricultural, forestry and fishery products was estimated to decline compared to the same period of the previous year.
Total value of agricultural, forestry and fishery products in the first eight months of 2020 imported from Asian markets was estimated to account for 32.1% market share, recorded about USD 6.41 billion, down 12.4% compared to the same period last year. Similarly, agricultural, forestry and fishery products imported from the America were estimated to decrease by 1%, reaching USD 5.82 billion, while from the African region decreased by 27.9%, reaching USD 738 million, from the Oceania were estimated to decrease by 2.4%, reaching USD 663 million. Meanwhile, Vietnam's import of agricultural, forestry and aquatic products from the Europe was estimated to increase by 4.4% over the same period in 2019, reaching USD 1.14 billion.
The US, China and ASEAN markets was the three largest markets exporting agricultural, forestry and fisheries products to Vietnam, those accounted for 12%, 11.6% and 11.2% of total import value, respectively. However, the import value from all three markets in the first eight months of 2020 was estimated to decline compared to the same period in 2019. Specifically, the import from the US decreased by 5.4%, China dropped by 12% and ASEAN decreased by 16.2%.
The value of importing fisheries products in August of 2020 was estimated at USD 148 million, contributing to total import value in the first 8 months of 2020 to USD 1.14 billion, 4.1% lower than the same period in 2019. Imported fisheries sources in the first 7 months of 2020 were mainly from India (accounting for 13.8%), Norway (11.8%), and Japan (10.2%). Comparing to the same period in 2019, Vietnam's fisheries import value in the first 7 months of 2020 from India increased by 11.5%, Japan increased by 31.7%, while the importation from Norway decreased by 8.3%.
The MARD proposed that, with the complicated context of Covid-19 epidemic, the import and export of agricultural, forestry and aquatic products will be suffered a significant impact. Therefore, the mission that needed to be set out in September and the last months of 2020 will be updated regularly information and situation of important markets which have affected by the Covid-19 pandemic, especially export of agriculture products through the boundary with China. Since then, it needs to promptly advise, report and propose solutions to market problems in order to create favourable conditions for the exportation of agricultural and fishery products.
In the last months of the year, MARD will determine to continue following and reporting the fluctuations of selling price regularly, and the situation of supply and demand of some essential agricultural products focusing on pork meat, rice, vegetables and fruits). ; monitor the spread of animal and poultry diseases, prepare scenarios on food supply for timely dealing with the fluctuation of production. . MARD also emphasized that the whole sector will implement synchronously and drastically actions to meet recommendations that the European Union makes to Vietnam to remove the yellow card and towards sustainable fisheries development.