LATEST INFORMATION ON VIETNAM'S AGRICULTURE EXPORT

1. Vietnamese agriculture products' export situation

According to the Ministry of Agriculture and Rural Development's report on the export situation, Vietnam's agricultural exports are expanding significantly and broadly, and the product quality is also steadily getting better. As a result, agricultural exports increased by 11.8% to 49.04 billion USD, while imports increased by 6.9% to 41.22 billion USD. Overall, the trade surplus increased by 47.8% over the same time to $7.82 billion USD. The export value of agricultural goods has now eclipsed the previous high of USD 48.6 billion set in 2021 in the first 11 months of 2022.

Xuất khẩu nông sản Việt Nam có đà tăng trưởng mạnh mẽ và toàn diện

This includes eight categories or groups of products with export turnover of more than two billion dollars and higher export value over the same time in the previous year. Coffee reached 3.5 billion USD (up 31.5%), rubber reached $2.9 billion (up 3.2%), rice hit 3.2 billion USD (up 6.9%), pangasius hit 2.2 billion USD (up 61%), shrimp hit 4.1 billion USD (up 14.6%), and wood and wood products at 14.6 billion USD (up 9%)...

Asia continues to hold the largest market share for the export of Vietnamese agricultural products, with a 44.7% share, followed by the Americas (27.3%), Europe (11.3%), Oceania (1.7%), and Europe (Phi) (1.7%). With 12.3 billion USD and 25% of the market, the United States is still Vietnam's top export destination for agricultural products. With a value of 9.3 billion USD and an 18.9% market share, China came in second; Japan came in third with a value of 3.9 billion USD and a 7.9% market share.

2. Conditions for exporting Vietnamese agricultural products

Agricultural items from our nation may be legitimately exported if they are not prohibited. However, there are a few things to keep in mind when exporting Vietnamese agricultural products:

• Verify which Vietnamese goods can be imported into the nation of import.

• A planting garden code as provided by the Plant Protection Department is necessary in some nations to verify the provenance of agricultural products.
• VAT: Per current export restrictions, there is no VAT applied to items that are exported.

• Export tax: Since agricultural items are not included in the list of goods that are subject to export tax, exporters are not required to pay export tax when exporting agricultural goods.

• Additionally, export items must be preserved, packaged, and transported in a precise and scientific manner in order to guarantee that the goods are of the highest quality and are not destroyed in transit. It is possible for specific items, like fruits, to be damaged or crushed during shipping.

3. The process of exporting Vietnamese agricultural products

A typical process of exporting Vietnamese agricultural products will include the following steps:

Step 1: Inspection of approved agricultural products in the importing country

Each country will have a policy to accept different types of agricultural products. Therefore, before exporting, businesses need to learn carefully about the types of agricultural products that are allowed by that country.

Step 2: Arrange for harvesting, packing, preserving, and transporting

This is a crucial stage in the exportation of agricultural goods. Although there aren't many steps, it needs to be packaged well to guarantee the condition of the things that aren't being returned.

Step 3: Carry out procedures for exporting agricultural products

Goods after arriving at the port will have to go through customs declaration procedures, plant quarantine, fumigation, etc. Depending on the requirements of the importing country, enterprises will have to provide other certificates such as: irradiation, goods. For European exports, a certificate of EUREPGAP or GlobalGAP is required.

Conclusion

The information provided above by INMERGERS relates to the context, circumstances, and exporting of Vietnamese agricultural products in 2022. The article's goal is to provide readers with practical information they can utilize for their businesses.