US becomes largest consumer of Vietnam’s agro-forestry-fishery products

MARD statistics show the United States spent US$8.58 billion importing those Vietnamese products in eight months, accounting for 21.4% of Vietnam’s total export value of the products, and representing a year-on-year increase of 23.5%.

China dropped to second position, purchasing US$8.17 billion worth of the products from Vietnam, representing an increase of 10.2% year on year.

Japan was the third largest consumer, with a revenue of US$2.68 billion, an increase of 4.6% year on year.

Overall, the past eight months saw Vietnam rake in US$40.08 billion from the export of agricultural, forestry, and fishery products, up 18.6% year on year.

Of the total, agricultural products brought back US$21.32 billion, up 24%; forestry products US$10.97 billion, up 19.7%; fishery products US$$6.23 billion, up 7.6%; and livestock products US$324 million, up 0.3%.

The export value of these products to various markets increased, with exports to Asia reaching US$19 billion (up 15.7%); the Americas US$9.3 billion (up 22.3%); Europe US$4.8 billion (up 30.5%); Africa US$747 million (up 5.5%); and Oceania US$563 million (up 12.8%).

In 2023, China was the largest export market for Vietnam’s agricultural, forestry, and fishery products, accounting for 23.2% of the total export value of these products.