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Agribusiness
Agriculture is one of the fundamental economic sectors, with an essential role in securing raw materials and basic food for sustaining human life and the operations of manufacturing industries. Apart from being at the base of the global food chain, the sector is of vital importance for economic and social development in a large number of developing countries. Against a background of rapidly growing world population, rising incomes in emerging markets and changing consumption patterns, agriculture’s main tasks are to increase productivity and to ensure steady food supply in a sustainable way that takes into account social, economic and environmental considerations.
Agriculture involves the cultivation of the soil and the harvesting of a variety of crops, fruits, nuts, vegetables and flowers. It also includes the growing and harvesting of forest products, the hunting of animals, livestock breeding, production of livestock products such as milk and eggs, fishing and aquaculture, and related support activities.
The ASEAN region, as covered by the scope of this report, comprises of the five countries of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Only in case of the performance of regional external trade, it reflects the performance of the ...
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The agribusiness sector plays a significant role in the Chinese economy, generating around 6.8% of the country's total GDP (at constant prices) in 2024, slightly down from 7.1% in 2023. The government has been making efforts to ensure stable and ...
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Agriculture is one of the backbones of Indonesia's economy, contributing approximately 13% to the country's gross domestic product (GDP). The sector provided income for 40.8mn people in 2024, or the equivalent of 28% of the total workforce. ...
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The agriculture sector's contribution to Malaysia's gross domestic product in 2024 came to about 6%. Agriculture, fisheries and forestry employed around 10% of the domestic labour force in 2024. Palm oil, rubber, cocoa and timber products accounted ...
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The agribusiness sector plays an important role in the Philippines' economy, accounting for 9.1% of GDP in 2024 and 21.2% of employment in October 2024. The Philippines occupies leading positions in the global production of rice, pork, coconuts and ...
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The 2025 monsoon season in India was unseasonably early, resulting in abundant rainfall across the country, which in turn increased overall agricultural production. The favourable monsoon conditions contributed to wheat and rice harvests reaching ...
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Since the Doi Moi reforms, Vietnam has evolved into a global leader in agricultural exports, particularly rice, coffee, fruits, and pork. While agriculture's share of GDP declined to 11.86% in 2024, its gross value added rose by 14% over two years, ...
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The agribusiness sector plays an important role in Thailand's economy, accounting for 8.7% of the country's GDP and 9.9% of total exports in 2024. Moreover, the sector employed 28.9% of the country's total workforce in 2024, being the largest ...
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The agribusiness sector plays a significant role in the Chinese economy, generating over 7.9% of the country's GDP (at constant prices) in 2023, down slightly by 1pp compared to 2022. The government is making constant efforts to ensure stable and ...
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