Viet Nam exported $11.4 billion worth of agricultural, forest and fisheries products in the first five months of this year. — Photo fistenet.gov.vn

HA NOI (Biz Hub) — Viet Nam exported agricultural, forest and fisheries products worth US$11.4 billion in the first five months of this year, the agriculture and rural development ministry's latest report said.

This is a year-on-year decrease of 7.3 per cent.

In May alone, the sector recorded an export turnover of $2.37 billion.

Of the total, seafood exports contributed $2.41 billion in the five-month period, down 17 per cent in comparison with the same period last year.

Seafood exports saw a strong decline in the United States. In the first four months of this year, seafood exports to the United States reached $370.3 million, a year-on-year decrease of 30.1 per cent. However, the United States remains the largest market for Viet Nam's seafood exports, accounting for 19.6 per cent of the total export value.

Seafood exports to Japan, Korea and China also fell.

However, seafood exports to Thailand and the Netherlands during the period increased 13.52 per cent and 0.21 per cent, respectively.

Farm produce worth $5.62 billion were exported in the five-month period, down 7.4 per cent in comparison with the same period last year. Rice and coffee saw the largest decline of 14.6 per cent and 38 per cent, respectively.

Meanwhile, the export value of forest products increased year-on-year by seven per cent to touch $2.69 billion. — VNS