In the past eight months, imports of Chinese agricultural, forestry and fishery products to Vietnam have increased by 50.3% compared to the same period last year.
Chinese apples are offered at very low prices in online markets. (photo: TL)
According to the recent report of the Ministry of Agriculture and Rural Development, for the period January-August 2021, the turnover of Vietnamese imports of agricultural, forestry and fishery products is estimated at 28.8 billion USD, i.e. an increase of more than 44% over one year. The value of imports of major agricultural products reached USD 17.8 billion, up 57.7% year on year.
Notably, Cambodia became the largest exporter of agricultural products to Vietnam during this period, with a turnover of $ 2.9 billion, representing 10% of the market share. Cambodia’s cashew products accounted for 72.2% of the total value of its exports to Vietnam. The United States was in second place, with export sales of $ 2.7 billion, representing 9.3% of the market share.
China was the third largest agricultural export market to Vietnam during this period, accounting for 7.3% of the total value of Vietnam’s agricultural imports.
According to the General Department of Customs of Vietnam, Vietnamese imports of Chinese agricultural, forestry and fishery products reached $ 2.1 billion, up 50.3% from the same period of 2020. Eight of the nine groups of commodities have experienced a sharp increase in import turnover.
Concretely, vegetables and fruits imported from China reached 236 million USD, up 34.4%; seafood nearly 103 million USD, up 39%; rubber USD 131 million, up nearly 190%; wood and wood products USD 681 million, up 71.4%; pesticides and raw materials US $ 233 million, up 21.5%; fertilizers of all kinds USD 340 million, up 52%; animal feed and raw materials USD 133 million, up 23.4%.
Chinese vegetables and fruits are widely sold in the local market, especially in online markets, including apples, grapes, pomegranates and melons at very low prices.
E-commerce platform imports billions of US dollars in Chinese products
The Vietnamese Ministry of Finance believes that it is necessary to have regulations to control exports and imports made through e-commerce platforms.