Vietnam's main agricultural export products in 2023

In 2023, Vietnam's agricultural exports are expected to reach the target of 55 billion USD, higher than in 2022. Among the main export products, there are outstanding products thanks to increased demand and Favorable selling price in the world market. Below are these Vietnam's main agricultural export products in 2023.

Rice

Rice is one of Vietnam's traditional export products, accounting for about 10% of global rice export market share. In 2023, Vietnam's rice exports are forecast to grow strongly, thanks to high import demand from countries such as the Philippines, China, Indonesia, Malaysia...

According to the General Statistics Office, in March 2023, Vietnam's rice exports reached nearly 509 million USD, a sudden increase of 935% compared to the same period in 2022. Of which, the Philippines and China are the two largest markets, accounting for more than 70% total rice export value of Vietnam.

Vegetables

Vegetables and fruits are the product with the third largest export value among the main export products in the first 6 months of 2023 with a value of 2.75 billion USD, an increase of 64.2% over the same period. Vietnamese fruits and vegetables are highly appreciated for their quality and taste, attracting many customers from demanding markets such as the US, Japan, Korea... In addition, Vietnamese fruits and vegetables also benefit from China's Open import after COVID-19 epidemic.

According to the Vietnam Fruit and Vegetable Association, fruit and vegetable exports to China are expected to reach at least 2.5 billion USD in 2023. The main fruits and vegetables exported to China include dragon fruit, durian, and mango. , banana, jackfruit…

Seafood

Seafood is the export industry with the highest turnover in the agricultural sector in 2022 with more than 10 billion USD. In 2023, the seafood industry will continue to maintain growth momentum thanks to recovering demand from main markets such as the US, EU, Japan... In particular, seafood exports to China are forecast to boom after water This opens the door.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports to China in 2023 could reach 2.5 billion USD, an increase of nearly 40% compared to 2022. Exported seafood products Main products exported to China include pangasius, shrimp, tuna, salmon...

Wood and forest products

Wood and forest products are the export items with the largest turnover in the agricultural industry in 2022 with 17 billion USD. In 2023, the wood industry is forecast to maintain growth momentum thanks to high demand from traditional markets such as the US, EU, Japan... In addition, the wood industry also benefits from free trade agreements such as EVFTA. , CPTPP, RCEP... help reduce tariff barriers and increase competition.

According to the Vietnam Timber and Forest Products Association (VIFORES), Vietnam's export of wood and forest products in 2023 could reach 20 billion USD. Key exported wood products include furniture, wooden floors, plywood, MDF boards...

Coffee

Coffee is one of Vietnam's traditional export products, accounting for about 15% of global coffee export market share. In 2023, Vietnam's coffee exports are forecast to grow slightly, thanks to coffee prices recovering after a period of decline due to the COVID-19 epidemic.

According to the General Statistics Office, in the first 6 months of 2023, Vietnam's coffee exports reached 1.9 billion USD, an increase of 13% compared to the same period in 2022. The main export markets of Vietnamese coffee include Germany, USA, Italy, Spain, Belgium…

Cashew

Cashew nuts are one of Vietnam's high value-added agricultural products. In 2023, Vietnam's cashew exports are expected to grow strongly, thanks to increased demand from major consumer markets such as the US, EU, China...

According to the Vietnam Cashew Association (VINACAS), in the first 6 months of 2023, cashew exportsVietnam's cashews reached 1.7 billion USD, an increase of 17% over the same period in 2022. The main export markets of Vietnamese cashews include the US, China, Netherlands, Canada, UK...

Conclude

2023 is a year with many opportunities and challenges for Vietnam's agricultural exports. With the key export products analyzed above, Vietnam can take advantage of product quality, competitive prices and free trade agreements to increase export turnover. and added value to the agricultural sector.