03/04/2023
OPPORTUNITIES FROM EVFTA
The EU is one of the largest export markets for Vietnam's agricultural products. The EVFTA is considered an opportunity for Vietnamese agricultural products to deeply integrate into a large market with high selling prices, but also a challenge that requires manufacturing and exporting enterprises to change more drastically to sustainable export growth to this "difficult" market.
* The Ministry of Industry and Trade is the focal agency to implement the EVFTA Agreement
According to the General Department of Customs, the total export turnover of Vietnam's main agricultural products (including coffee, cashew nuts, rubber, vegetables, pepper, rice and tea) to the EU market in In the first 11 months of 2021, it will reach about 2.2 billion USD and increase by 10.1% over the same period in 2020. With this result, the EU is one of the largest export markets for agricultural products in our country, accounting for 13.7%. in the total export turnover of main agricultural products. Regarding the structure of export products, the proportion of Vietnam's main exports to the EU is as follows: coffee (accounting for 42.2% of the total export turnover of major agricultural products to the EU), seeds cashew (accounting for 33%), rubber (accounting for 7.9%), vegetables (accounting for 7.8%), pepper (accounting for 7.4%), rice (accounting for 1.7%) and tea (accounting for 0 ,first%). Structure of Vietnam's agricultural products to the EU in the first 11 months of 2021 (% by value)
Regarding the export market to EU member countries, despite being affected by the Covid-19 epidemic, the export turnover of agricultural products to Vietnam's key markets in the EU region has grown positively or only decreased slightly. : Germany (accounting for 28.8% of the total export turnover of Vietnam's main agricultural products to the EU, reaching US$641 million, up 24.4% over the same period in 2020), the Netherlands (accounting for 22.5 %, reaching 500 million USD, up 1.9%), Italy (12.8%, reaching 285 million USD, up 3.2%), Spain (accounting for 9%, reaching 202 million USD, a slight decrease 0 .6%), France (accounting for 6.4%, reaching US$142 million, up 25.2%),... In addition, some markets had small export turnover but strong growth, for see export potential: Finland (up 198%), Hungary (up 86.9%), Czech Republic (up 49.2%),...
