Middle East and Africa - two promising markets for Vietnamese agricultural products
On the morning of November 24, the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) coordinated with the Asia-Africa Market Department (Ministry of Industry and Trade) to organize a seminar "Connecting". information on needs, tastes and dissemination of agricultural market regulations in the Middle East - Africa region".
At the Seminar, representatives of Vietnamese Trade Offices in the Middle East and Africa region provided information about market potential and demand, regulations of import markets, notes in exchange, commercial payments and connection, contact, and support businesses doing import and export business, and production orientation for localities.

To date, Vietnamese agricultural, forestry and fishery products have been present in over 190 countries and territories with export turnover of agricultural, forestry and fishery products in the first 10 months of 2023 reaching 43.08 billion USD, of which consuming areas are The largest are Asia (market share 49.1%), America (market share 22.6%), Europe (market share 10.5%); Two regions with relatively small market shares are Africa (2.1%) and Oceania (1.5%). The products that maintain their growth rate and have a sharp increase in export value compared to the same period in 2022 are vegetables (reaching nearly 4.91 billion USD, an increase of 78.9%), rice (reaching 3.97 billion USD , up 17%), cashew nuts (2.92 billion USD, up 14.8%), livestock products (reaching 402 million USD, up 22%).
In recent years, Vietnam's agricultural exports to Africa and the Middle East have tended to increase. The total export value of agricultural, forestry and fishery products into these two areas in 2022 reached over 1.6 billion USD (up 2.6% over the same period) and in the first 10 months of 2023 reached nearly 1.6 billion USD (up 2.6% over the same period). 11.7%), of which exports to the Middle East region in 2022 reached over 836 million USD (up 22.3%), in the first 10 months of 2023 reached nearly 700 million USD (up 2.6%); Exports to the African region in 2022 reached over 859 million USD (down 11.3%) but in the first 10 months of 2023 reached nearly 900 million USD (up 20.1%).
Minh Toan