Vegetable, fruit exports hit new high
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Vegetable and fruit exports increased by nearly 56% year-on-year in the first eight months to a record US$3.5 billion worth, according to Vietnam Customs.
Increase in Chinese demand from was a major reason for the jump.
Several other countries in the region, hit by droughts and floods, also increased their imports, Dang Phuc Nguyen, general secretary of the Vietnam Fruits and Vegetable Association, said.
Durian accounted for 30% of the export value.
Durian prices are expected to rise in September as supply has declined in other Southeast Asian countries. Vinafruit expects exports of the fruit to be worth $1.5 billion this year.
Coconut also has potential for higher exports to China and the U.S., with the latter recently allowing imports of husked nuts from Vietnam.
Questions & Answers
Q.What was the total value of vegetable and fruit exports in the first eight months of the year?
What was the total value of vegetable and fruit exports in the first eight months of the year?
Vegetable and fruit exports reached a record US$3.5 billion in the first eight months. This represents a nearly 56% increase year-on-year, according to Vietnam Customs data.
Q.Which specific fruit contributed significantly to the export value increase?
Which specific fruit contributed significantly to the export value increase?
Durian accounted for 30% of the total export value. Vinafruit projects that exports of durian alone could be worth $1.5 billion this year, indicating its substantial contribution.
Q.Why did exports of vegetables and fruits see such a large increase?
Why did exports of vegetables and fruits see such a large increase?
A major reason for the jump was increased Chinese demand. Also, several other countries in the region, affected by droughts and floods, also raised their imports from Vietnam.
Q.Which new market has opened for Vietnamese coconut exports?
Which new market has opened for Vietnamese coconut exports?
The U.S. Recently began allowing imports of husked coconuts from Vietnam. This new market, alongside potential for higher exports to China, could boost future coconut sales.
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