Exports of agricultural, forestry, and fishery products in February 2025 "exploded," far exceeding predictions, with total value estimated at $4.4 billion, a year-on-year increase of 37.2%, according to the Ministry of Agriculture and Environment.
As a result, the total export value of this product group in the first two months of 2025 stood at $9.48 billion.
Of the total export value, the value of agricultural products accounted for $4.89 billion, up 4.5% year-on-year; livestock product $72.2 million, up 4%; seafood $1.42 billion, up 18.6%; and forestry product $2.68 billion, up 11.9%.
By country, the U.S. was the largest importer of Vietnam's agricultural, forestry, and fishery products in the first two months of the year, accounting for 22% of the total; China ranked second with 17.8%; and Japan the third with 7.7%.
By region, Asia was the largest export market for Vietnam's agricultural, forestry, and fishery products in the first two months of the year, accounting for 42.2% of Vietnam's market share. The next two largest markets were the Americas and Europe, with market shares of 24.2% and 15.5%, respectively.
Compared to the same period last year, the estimated export value to Asia decreased by 1.6%, while exports to the Americas increased by 19.8%, to Europe by 22.3%, to Africa by 2.2 times, and to Oceania by 8.2%.
"Thanks to the high growth in February 2025, the total export value of agricultural, forestry, and fishery products in the first two months of this year reached $9.48 billion, an increase of 8.3% compared to the same period in 2024," said Mr. Phung Duc Tien, Deputy Minister of Agriculture and Environment.