COFFEE TAKES THE EXPORT ‘THE THRONE’
TPO – Agricultural, forestry and fishery exports are growing strongly in the first 7 months of the year, with many key products increasing sharply in both quantity and value. In particular, coffee continues to play a leading role when setting a record turnover thanks to high export prices.
Many product groups make breakthroughs
According to the Ministry of Agriculture and Environment (MARD), the export turnover of agricultural, forestry and fishery products in July is estimated at about 6 billion USD, contributing to raising the total export turnover in the first 7 months of the year to nearly 40 billion USD, up 15% over the same period last year.
The brightest spot is coffee. In the first 7 months of the year, coffee exports reached about 1.1 million tons, earning 6 billion USD, up 8% in volume but up 65% in value, thanks to an average export price increase of more than 50%. Germany, Italy and Spain are the main consumption markets, while Mexico alone recorded a sudden increase of 88 times.
According to Mr. Phung Duc Tien – Deputy Minister of MARD, coffee is one of the key export groups with impressive growth in turnover since the beginning of the year. Coffee prices continue to rise, helping exports reach a historic peak, with the revenue in the first 7 months of this year exceeding the export turnover in 2024 (5.48 billion USD). This achievement was due to the decline in global coffee supply, along with the recovery of demand from major markets such as the EU, the US, Japan, South Korea, China, etc.
Wood and wooden products maintained their position as the second largest export group in the industry, reaching 9.7 billion USD, up 8%. Of which, exports to the US accounted for more than half, with a value increase of 12% over the same period.
Other export items also increased sharply, such as pepper (up nearly 30% in value), cashew nuts (up 17%) and seafood (up 14%). Fruit and vegetable exports increased slightly by 1%, although exports to China decreased sharply, but in return the US market increased imports by more than 66%.
Rice, in particular, had less favorable developments. Although the export volume reached 5.5 million tons (up 3%), the turnover only reached 2.8 billion USD, down 16% due to a sharp decrease in average export prices. Exports to the Philippines – the largest market – also decreased sharply in value, although the Ivory Coast market nearly doubled.
Trade surplus of 11.5 billion USD
Although the import of agricultural, forestry and fishery products in the first 7 months is estimated at more than 28 billion USD, up 14%., the trade balance continues to maintain a high surplus, estimated at 11.5 billion USD, up about 16% over the same period last year. Of which, wood and wood products have a surplus of about 7.7 billion USD, coffee over 5.8 billion USD, and tra fish about 1.1 billion USD.
In 7 months, coffee exports reached about 1.1 million tons, earning 6 billion USD. Illustration photo: IT.
China, the US and Cambodia are the three largest suppliers of agricultural products to Vietnam. Notably, Vietnam increased imports from Cambodia by 42%, reflecting the trend of continued expansion of agricultural, forestry and fishery trade in the region.
According to the Ministry of Agriculture and Rural Development, agricultural, forestry and fishery exports in the first 7 months of the year grew well compared to the same period last year. With the current growth momentum, agricultural, forestry and fishery exports for the whole year of 2025 are expected to exceed the 70 billion USD mark, especially if export prices of key products such as coffee, pepper, cashew nuts and wood continue to stabilize at high levels.
However, many challenges to agricultural, forestry and fishery exports still exist, especially fluctuations in rice prices, competitive pressure from large markets and increasingly stringent requirements on quality and traceability from import markets. Therefore, focusing on improving product quality, effectively managing the supply chain, and stabilizing raw material areas is considered a key solution to maintain sustainable export momentum in the coming time.
By region, Asia is still the largest market for Vietnamese agricultural, forestry and fishery products. However, exports to Europe and Africa have a stronger growth rate. This fact shows that the potentia for market expansion is being effectively exploited. The three largest single markets are still the US, China and Japan, accounting for nearly half of the industry’s total export turnover.
Source: Tien Phong Newspaper
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