The EU has become Vietnam's largest coffee export market. Photo: Mai Hoang

The Ministry of Industry and Trade said that, with the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP), Vietnam's export turnover continues to grow, especially in difficult markets like Canada. According to statistics of the General Department of Customs, the export of goods from Vietnam to Canada in 2021 will reach 5.3 billion USD, up 20.8%. This is the third consecutive year of positive growth since 2019 after Vietnam and Canada officially became members of the CPTPP Free Trade Agreement.

All export fields to Canada in 2021 have growth compared to 2020, in which machinery, electricity and electronics are still key products with a total export value of over $1.5 billion (an increase of 8, 9%). Textile products, footwear, and bags after a decline in 2020 have regained their impressive growth momentum at over $1.4 billion (up 16.6%). Furniture reached 234 million USD, up 6.5%. Agricultural and aquatic products continue to affirm their position in this difficult market. The Vietnam Trade Office in Canada said that Vietnamese cashew nuts account for 90% of the market, pepper accounts for 50%, shrimp accounts for 30%... Some fresh fruits have been exported to Canada such as: Grapefruit, dragon fruit, ... mango, rambutan, coconut, longan, litchi... with a value of about 8 million USD/year, opening up new prospects for Vietnamese agricultural products to be exported to this market.

Currently, Vietnam is Canada's largest trading partner in Southeast Asia and the room for Vietnamese goods to access this market is still very large when the market share only accounts for 1.7% of Canada's import value. . The implementation of the CPTTP Agreement is a great opportunity for Vietnamese businesses to access this market.

With the implementation of the Vietnam - European Union Free Trade Agreement (EVFTA), Vietnam's export turnover to member countries also has a very positive growth. In particular, Vietnam's agricultural product exports to the Netherlands have grown over the same period in 2020, despite being negatively affected by the fourth wave of the Covid-19 epidemic. Many new fruit and vegetable products of Vietnam have been exported to this market such as fresh bamboo shoots, lychee and received positive feedback.

Many fruits and vegetables, including grapefruit, have been well received by the EU market. Photo: Le Huong

The General Department of Customs said that Vietnam's agricultural export turnover to the Netherlands market in the first 11 months of 2021 reached more than 500 million USD, up 1.9% over the same period in 2020. The Dutch market accounted for 50% Vietnam's cashew nut export turnover to the European Union (EU), accounting for 44.3% of the fruit and vegetable market share and 39.1% of pepper...

For the German market, the EVFTA Agreement has created a push to bring Vietnamese agricultural products deeper into this market. According to the General Department of Customs, in the first 11 months of 2021, Germany is Vietnam's largest agricultural product export market in the EU with a turnover of more than 641 million USD, a sharp increase of 24.4% over the same period in 2020. Vietnamese products are exported a lot to Germany, especially coffee, followed by growth in both quantity and value. Vietnam has exported to this market more than 209,000 tons of coffee, worth more than 377 million USD, up 1.9% in volume and more than 18% in value over the same period in 2020. Nearly 20 thousand tons of cashews are also exported to this market. were exported to Germany, with a value of more than $122 million, up 9.5% in volume and 6.2% in value. Vietnam is currently ranked 11th in the group of leading agricultural supply markets of Germany, reaching 528 million USD, accounting for 2. 1% of Germany's total agricultural imports. In terms of Asia, Vietnam is Germany's largest source of agricultural products, far exceeding other supply markets such as China, India...

Economic experts say that Vietnam still has a lot of potential to export agricultural products to Germany when the EVFTA Agreement will remove 99.2% of tariff lines for Vietnamese goods exported to Germany after 7 years of the agreement's effect. force. The EVFTA also protects automatic geographical indications for 39 Vietnamese products, helping these products increase their value and brand when approaching the German market.

Overall, despite being affected by the Covid-19 epidemic, the export turnover of agricultural products to Vietnam's key markets in the EU has basically grown positively. Besides Germany and the Netherlands mentioned above, export turnover to Italy reached 285 million USD, up 3.2%; Spain reached 202 million USD, down slightly by 0.6%; France reached US$142 million, up 25.2%... In addition, some markets had small export turnover, but achieved strong growth, showing export potential: Finland (up 198%), Hungary (up 86.9%), Czech Republic (up 49.2%),...

In terms of goods, with the commitment to eliminate tariffs under the EVFTA, Vietnam's export goods to the EU market all experienced strong growth. In which, coffee products have an export value of 939 million USD in the 11 months of 2021. This figure makes the EU the largest coffee export market of Vietnam, accounting for nearly 34.8% of the total export turnover of commodities. this. The item with the second largest export turnover among agricultural products exported to the EU is cashew nuts (734 million USD, up 15.2% in volume and 6.2% in value); rubber ($175 million, up 33.7% in volume and 72.6% in value); rice ($38 million, up only 0.8% in volume, but up 21.6% in value)...

By making good use of the opportunities brought by the EVFTA Agreement, Vietnam's goods exports to the EU market are forecasted to achieve even higher growth in the coming years.

Bich Nguyen