Agricultural sector posts trade surplus of 1 billion USD in 2 months

ABO/VNA - The agricultural sector posted a trade surplus of 1 billion USD in the January-February period despite a year-on-year decrease of 1.6 percent in export value.

According to the Ministry of Agriculture and Rural Development, the sector earned 5.5 billion USD from the export of farm produce and forestry and aquatic products.

In the two months, the revenue of farm produce exports stood at around 2.7 billion USD, a drop of over 10 percent.

Aquatic products brought home 1.11 billion USD, a rise of 4.4 percent, and forestry products, 1.5 billion USD, up nearly 13 percent.

Meanwhile, 4.5 billion USD worth of agro-forestry-fishery products were imported in the reviewed period, up 3 percent from the same period last year.

Total export-import turnover hit over 73.4 billion USD, a year-on-year rise of 6.7 percent.

(Source: VNA)