VN’s export ratio of farm produce in decline
Vietnam’s total export turnover has been growing at an annual rate of 12.8% but outbound shipments of agricultural products have faced numerous difficulties and their annual export growth was recorded at a mere 2.4% in the 2012-2016 period. The export ratio of agricultural products, as a result, had decreased from 13% in 2012 to 8.6% in 2016 in the country’s total merchandise export turnover, according to data of the General Department of Customs. In particular, the export revenue of agricultural commodities reached over US$15 billion last year, up 7.7% against 2015, but increasing by a mere US$252 million compared to that of 2012.
