Fruit, vegetable exports rise 17.8%
In this article (5)
Vietnam’s fruit and vegetable exports in the first two months of this year increased by 17.8% year-on-year to US$592 million.
China accounted for 57.5% of the exports, according to the Ministry of Agriculture and Rural Development’s department of agricultural products processing and market development.
Since early February when it reopened after Covid, China has been importing large volumes of Vietnamese agricultural products like durian, jackfruit, watermelon, and sweet potato.
Exports to Laos have tripled.
The U.S. and Europe have also imported large volumes of Vietnamese fruits and vegetables.
A Tien Giang Province-based company told VnExpress that its exports of durian and pomelo to the U.S. and China have been increasing steadily this year. Freight rates have decreased to pre-Covid levels, creating favorable conditions for exporters.
Surveys in the Mekong Delta show that the prices of durian, dragon fruit, jackfruit, and sweet potato have all doubled or tripled from 12 months ago, with the durian price surging to a record high of VND190,000 ($8) per kilogram at the farm gate.
Last year exports were worth $3.34 billion, down 5.9% from 2021, according to the agriculture ministry.
Vietnam imported fruits and vegetables for $289 million in the first two months of this year, a 12% increase, the department said.
Questions & Answers
Q.Which country is the primary importer of Vietnam's fruit and vegetable exports mentioned in the article?
Which country is the primary importer of Vietnam's fruit and vegetable exports mentioned in the article?
China accounted for 57.5% of Vietnam's fruit and vegetable exports in the first two months of this year. It has been importing large volumes since early February.
Q.What is helping to create favourable conditions for Vietnamese fruit and vegetable exporters?
What is helping to create favourable conditions for Vietnamese fruit and vegetable exporters?
Freight rates have decreased to pre-Covid levels, which is helping to create favourable conditions for exporters of fruits and vegetables.
Q.How do recent export figures compare to Vietnam's total fruit and vegetable exports last year?
How do recent export figures compare to Vietnam's total fruit and vegetable exports last year?
Total exports for the first two months were US$592 million. Last year's total exports were worth $3.34 billion, which was down 5.9% from 2021.
Q.Have prices for key agricultural products in the Mekong Delta changed recently?
Have prices for key agricultural products in the Mekong Delta changed recently?
Surveys show prices for durian, dragon fruit, jackfruit, and sweet potato have doubled or tripled from 12 months ago, with durian reaching a record high.
Reader pulse
Will export growth continue?
20,985 votes so far