Vietnam’s imports of Chinese agricultural products rise sharply

In the past eight months, imports of China's agricultural, forestry and fishery products to Vietnam increased by 50.3% over the same period last year.

Nhập khẩu nông sản Trung Quốc về Việt Nam tăng rất mạnh

Chinese apples are offered for super cheap prices on online markets. (photo: TL)

According to the Ministry of Agriculture and Rural Development’s recent report, in the January-August period of 2021, Vietnam’s import turnover of agricultural, forestry and fishery products is estimated at 28. 8 billion USD, an increase of over 44% year on year. The import value of main agricultural products reached 17.8 billion USD, up 57.7% year on year.

Notably, Cambodia became the largest agricultural product exporter to Vietnam during this time, with a turnover of $2.9 billion, accounting for 10% of market share. Cambodia's cashew products accounted for 72.2% of its total export value to Vietnam. The US ranked second, with an export turnover of $2.7 billion, accounting for 9.3% of market share.

China was the third largest export market of agricultural products to Vietnam in this period, accounting for 7.3% of the total value of Vietnam’s agricultural imports.

 

According to the Vietnam General Department of Customs, Vietnam’s imports of Chinese agricultural, forestry and fishery products reached US$2.1 billion, up 50.3% over the same period of 2020. Eight out of nine commodity groups witnessed a sharp increase in import turnover.

Specifically, vegetables and fruits imported from China reached 236 million USD, up 34.4%; seafood nearly 103 million USD, up 39%; rubber 131 million USD, up nearly 190%; wood and wood products 681 million USD, up 71.4%; pesticides and raw materials 233 million USD, up 21.5%; fertilizers of all kinds 340 million USD, up 52%; animal feed and raw materials 133 million USD, up 23.4%.

Chinese vegetables and fruits are being sold widely in the local market, especially online markets, including apples, grapes, pomegranates, and melons at very cheap prices.

T. An

E-commerce platform imports billions of US dollars of Chinese goods

E-commerce platform imports billions of US dollars of Chinese goods

The Vietnamese Ministry of Finance believes that it is necessary to have regulations to control exports and imports transacted through e-commerce platforms.

 
 

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