In the first half of 2024, Cambodia’s agricultural exports reached $2.8 billion.
In the same period, Vietnam’s agricultural exports hit $18.37 billion.
According to a report by the Khmer Times (Cambodia), citing data from the country’s General Directorate of Agriculture, Cambodia exported over 6.13 million tons of agricultural products in the first six months of 2024, a 57% increase compared to the same period in 2023, earning over $2.8 billion.
The report also revealed that agricultural exports in the first half of the year surged by more than 2.23 million tons. The agricultural products that witnessed export growth include milled rice, paddy, fresh cassava, cassava starch, cashew nuts, corn, fresh longan, fresh mangoes, and peppercorns.
These products were exported to 80 countries, including Vietnam, Thailand, China, and South Korea.
“More than 3.86 million tons of exported agricultural products were non-rice items, earning over $2.1 billion,” the report stated, adding that exports of milled rice accounted for 330,000 tons, while paddy exports exceeded 1.92 million tons.
Cambodia’s agricultural exports saw a positive increase in the first half of 2024.
The report also highlighted that during this period, exports of milled rice increased by 2.74%, paddy by 57.28%, cassava starch by over 100%, cashew nuts by over 50%, and corn by 250%, while dried cassava chips decreased by 8% and fresh bananas by 22%.
Fresh mango exports surged by over 100%, dried mango by 38%, fresh longan by over 120%, and peppercorns by over 117%, while other agricultural products declined by 13%.
Lun Yeng, Secretary-General of the Cambodia Rice Federation (CRF), told the Khmer Times that milled rice and paddy exports did not increase as expected due to container transportation issues.
The Cambodian government has waived additional taxes on agricultural products, including rice, corn, beans, peppercorns, cashew nuts, cassava, and rubber, for both the domestic market and exports.
Vietnam’s Agricultural Exports Reach $18.37 Billion in the First Half of 2024
According to a report by Vietnam’s Ministry of Industry and Trade, with the recovery of the global market and increasing export orders, trade activities in the first half of 2024 continued to thrive, achieving positive results. Total import and export turnover is estimated at $368.53 billion, a 15.7% increase compared to the same period last year, with exports rising by 14.5% and imports by 17%. The trade balance recorded a surplus of $11.63 billion.
Among the various sectors, agricultural products maintained their growth momentum from 2023. Total export turnover of this sector in the first six months of 2024 is estimated at $18.37 billion, a 19.9% increase compared to the same period in 2023, accounting for 9.67% of the country’s total export turnover.
Vietnam’s agricultural exports reached an estimated $18.37 billion in the first half of 2024.
Due to rising export prices, most commodities in this sector achieved double-digit growth rates compared to the same period last year, including: coffee, with a 34.5% increase in export value despite a 10.6% decrease in volume; rice, which increased by only 10.4% in volume but saw a significant 32% rise in export value; tea, with a 32.1% increase; vegetables and fruits, up by 28.2%; cashew nuts, up by 17.4%; peppercorns, which decreased by 6.8% in volume but rose by 30.9% in export value; and cassava and cassava products, which saw a 5.9% increase in export value despite a 7.7% drop in volume.
Thus, both Cambodia and Vietnam witnessed notable increases in their agricultural sectors during the first half of 2024, with positive growth in rice, cashew nuts, vegetables, and fruits, among other products.
Lunar New Year Fair: Gathering Iconic Delicacies from All Three Regions
The Spring Fair of the Year of the Horse 2024 brings together over 100 booths and more than 1000m2 of exhibition space showcasing a wide variety of specialty products from 20 provinces and cities across the country. With a focus on promoting local products and fostering economic development, this fair is a must-visit event for those seeking unique and high-quality goods. Whether you’re in search of traditional crafts, delicious local delicacies, or stylish fashion items, you’ll find it all at the Spring Fair of the Year of the Horse 2024. Get ready to indulge in a shopping experience like no other, where you can discover the treasures of different regions and support local businesses in one vibrant and bustling venue. Mark your calendar and join us for a celebration of culture, creativity, and commerce at the Spring Fair of the Year of the Horse 2024.
Enhancing logistics connectivity to boost consumption and agricultural export
Prime Minister Pham Minh Chinh has recently signed Circular No. 13/CD-TTg on February 6, 2024, which aims to enhance logistics connectivity to boost the consumption and export of agricultural and aquatic products.
Nearly 800 tons of Vietnamese agricultural products exported to China on the first day of Tet
Lào Cai Customs Sub-Department – Lào Cai Customs Branch reported that on February 10 (the first day of Tet), nearly 800 tons of goods were exported through border gates, a significant increase compared to previous years, predominantly consisting of agricultural produce and fruits.
Unlocking solutions to drive industry growth and expand exports.
Members of the National Assembly anticipate that in 2024, the economy as a whole, and the industrial and export sectors in particular, will thrive thanks to decisive and fundamental solutions.
Unique “Buzzing” Market in the West
Located in Vị Thanh City (Hau Giang Province), the bustling market is not only a place for trading, but also a cultural treasure that preserves the traditional beauty of the local people.
