A number of local agricultural products recorded a high export revenue in excess of billions of US$ during 2020, including coffee, rice, cashew nuts, fruit and vegetables, shrimp, along with wood and wood products.

According to statistics released by the Ministry of Agriculture and Rural Development, approximately eight groups of products saw export revenue exceed US$1 billion last year, including seven groups of products that posted export revenue of over US$2 billion.

In line with this, coffee reported an export revenue of US$2.5 billion, while rice saw an export revenue of US$2.8 billion. Elsewhere, cashew nuts, fruit and vegetables, shrimp, in addition to wood and wood products, recorded export revenue of US$2.9 billion, US$3 billion, US$3.4 billion, and US$8.4 billion, respectively.

Throughout the reviewed period, the United States remained the largest importer of Vietnamese agricultural products, with export revenue to the highly lucrative market reaching approximately US$9.8 billion, an annual rise of 22.3% and making up 26.2% of Vietnamese agricultural export revenue.

China came in second with export revenue of roughly US$9.2 billion, a drop of 6.6%, and accounting for 24.6% of the overall market share, while export earning from the EU was estimated at US$3.44 billion, a decline of 0.3% and making up 9.2% of the market share.