The Ministry of Agriculture and Rural Development has set a goal of agricultural export in 2021 to reach 42 billion USD; However, Prime Minister Nguyen Xuan Phuc asked this industry to bring in 44 billion USD.

According to the Ministry of Agriculture and Rural Development, the total export value of agro-forestry-fishery products (collectively referred to as agriculture) in 2020 reached US$41.25 billion, up 2.6% compared to 2019. Compared to the previous year: export value of agricultural products decreased by 0.8%; livestock production decreased by 18.2%; seafood decreased by 1.8%; only forest products with export value increased by 16.4%.

Currently, there are 9 groups of export products reaching over 1 billion USD; in which there are 5 commodity groups with a turnover of more than 3 billion USD (wood and wood products reach over 12.3 billion USD; shrimp is estimated at over 3.7 billion USD; vegetables and fruits reach nearly 3.3 billion USD; cashew nuts reach over 3.7 billion USD; reached 3.2 billion USD; rice reached 3.07 billion USD).

FRESH PASS IN WOOD, RICE, RUBBER COLORS

In the picture of agricultural exports in 2020, the most vibrant colors emerge, which are the colors painted by the wood industry, with the export turnover of wood and wood products in 2020 reaching 12.32 billion VND. USD, an increase of 15.7% compared to 2019. The United States, Japan and China are the largest import markets for Vietnam's wood and wood products, accounting for 78.1% of the total export value of wood and wood products. wooden product.

The next bright pink color belongs to the rice industry. Rice exports in 2020 reached 6.15 million tons and 3.07 billion USD, down 3.5% in volume but up 9.3% in value compared to 2019. Philippines ranked first in export market rice of Vietnam with 32.2% market share; down 1.7% in volume but up 11.8% in value over the previous year. Rice export value increased sharply in the following markets: Indonesia (up 2.8 times) and China (up 91.6%,). The average export price of rice in 2020 increased by 12.9% compared to 2019.

Regarding types, the export value of white rice accounted for 32.5% of the total turnover; jasmine rice and fragrant rice accounted for 32.9%; sticky rice accounted for 29.6%; japonica rice and Japanese rice varieties accounted for 4.8%. The largest white rice export markets of Vietnam are the Philippines (accounting for 53.7%), Cuba (accounting for 23.5%) and South Korea (accounting for 7.7%). For jasmine and fragrant rice, the largest export markets are Ivory Coast (31.8%), Ghana (12.8%) and the Philippines (11.3%). For glutinous rice, the major export markets are China (87.9%), Indonesia (2.8%), and the Philippines (2.8%).

The rubber industry also leaves a pink color, with export results in 2020 reaching 1.75 million tons and 2.38 billion USD, up 2.8% in volume and 3.5% in value compared to 2019 The average export price of rubber reached $1,328.1/ton, down 1.53% compared to 2019. China, India and South Korea are the 3 largest rubber consuming markets of Vietnam, accounting for the market. shares are 76.8%, 3.7% and 2.1% respectively...

SOUND COLORS

Other key export products are vegetables, fruits, tea, pepper, cashew, coffee... which are leaving dark streaks in the agricultural export competition. In which, the export value of vegetables and fruits in 2020 reached 3.26 billion USD, down 13% compared to 2019. China ranked first in the import market of Vietnam's vegetables and fruits with 56.6% market share. ; down 25.8% over the same period in 2019. The market with the largest decrease in fruit and vegetable export value was Laos (down 34.8%).

Coffee exports in 2020 reached 1.51 million tons and 2.66 billion USD, down 8.8% in volume and 7.2% in value compared to 2019. Germany, the United States and Italy continue to be three Vietnam's largest coffee consumption market with market shares of 12.8% (reaching 319.2 million USD), 9.3% (reaching 230.6 million USD) and 8.4% (reaching 208 million USD) ,2 million USD).

Pepper exports in 2020 reached 288 thousand tons and 666 million USD, up 1.2% in volume but down 6.8% in value compared to 2019. The three largest pepper export markets of Vietnam are the United States. , Germany and the United Arab Emirates accounted for 30.7% market share. Vietnam's pepper export forecast in the short term will be quiet due to the lack of supporting factors and the development of the Covid-19 epidemic.

Cashew exports in 2020 reached 511 thousand tons and 3.2 billion USD, up 12.1% in volume but down 3% in value compared to 2019. The United States, China and the Netherlands still remain as 3 markets. Vietnam's largest cashew importer, accounting for 31.5%, 15.6% and 12.4% of total cashew nut export value, respectively.

The seafood industry has also not found growth. The seafood export value for the whole year in 2020 reached nearly US$8.4 billion, down 1.8% compared to 2019. The United States, Japan, China and South Korea are the top 4 import markets of Vietnamese seafood. South, accounting for 59.8% of total seafood export value. Seafood exports to the US market increased by 11%, China increased by 3.4%, the EU decreased by 3.8%; especially to Russia increased sharply with 25.6% over the same period in 2019.

MARKET IDENTIFICATION

The United States, China, Japan and South Korea are the four largest import markets of Vietnam's agricultural, forestry and fishery products, with a market share of 26.7% respectively (value increased by 23.2% compared to that of Vietnam). with 2019); 25.1% (value decreased by 5.3%); 8.3% (value decreased by 0.8%) and 5.7% (price decreased by 0.8% compared to 2019).

Agro-forestry-fishery exports are facing challenges in some markets. For example, like China, the export turnover of these items to the Chinese market in 2020 is estimated at 10.36 billion USD, down 5.2% compared to 2019 and ranked second after the United States. Along with that, the Chinese side's increased inspection of many imported shipments to control potential risks of disease spread, quality control; Tightening management on the import of agricultural products that have not been allowed to open the market will make the export process more difficult.

Meanwhile, the US has risen to be Vietnam's largest agricultural, forestry and fishery export market with a turnover of 10.99 billion USD in 2020, up 23.3% over the same period and accounting for nearly 30% of the total. agricultural exports. Seafood, wood and wood products, pepper, and vegetables continue to be advantageous products in the US market. The US is also Vietnam's largest pepper export market, accounting for 21.5% of total exports and Vietnam continues to be the largest source of US pepper, with a market share of 65.9%.

The EU market is the third largest market of Vietnam's agricultural exports, estimated at $3.7 billion in 2020, down 3.6% from the previous year, accounting for 8.98% of the total turnover. industry exports. In particular, rice is a commodity that is in high demand in the EU when at the end of 2020, some countries in the EU began to blockade due to the epidemic, causing the demand to buy food to cook at home. The EU is also Vietnam's largest coffee consuming market, accounting for 40% of the volume and 38% of the total export turnover. The EVFTA is also opening up opportunities for Vietnam's pepper industry in the EU market when processed pepper products have a tax rate of 0%.

OUTLOOK FOR 2021

The world economy in 2021 is forecasted to have complicated and unpredictable developments, reflected in increasingly fierce trade conflicts, market competition, technology, and high-quality human resources. The fact that countries have issued blockade orders to slow the spread of Covid-19 has partly created disruptions in supply chains and trade flows.

However, according to FAO's forecast, the world demand for agricultural products will continue to increase by 15% in 2029 due to population growth of about 11% between 2017 and 2029, continuing to create great opportunities. good for Vietnamese agricultural products in expanding markets and promoting exports.

On the other hand, Vietnam has been negotiating, signing and implementing 16 free trade agreements (FTAs), opening up opportunities for Vietnamese agricultural products to penetrate some fastidious markets such as the US, Japan, Europe and join new value chains in the region. The Ministry of Agriculture and Rural Development has set a target to export the agricultural sector in 2021 to reach 42 billion USD; However, Prime Minister Nguyen Xuan Phuc asked the agricultural industry in 2021 to bring in $ 44 billion.

In order to achieve the target requested by the Prime Minister, the Ministry of Agriculture and Rural Development will continue to organize negotiations to open the market, remove difficulties and trade barriers; organize promotions in large and potential markets when the Covid-19 epidemic is under control. Organizing export connection activities, supporting trade in border provinces in the country to promote the export of agricultural, forestry and fishery products to the Chinese market. Continue to negotiate, remove difficulties and trade barriers, open the market for Vietnamese agricultural products such as fruits, aquatic products, and livestock products to be officially exported to markets...