Vegetable, fruit exports reach $5.2B record
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Vietnam’s vegetable and fruits exports surged 70% year-on-year in the first 11 months to $5.2 billion, a new historic peak.
Durian accounted for 40% of the value, followed by jackfruit, watermelon, grapefruit and longan, all recording growth between 50% and 200%, according to the Vietnam Fruits & Vegetables Association (VFA).
This was the first time that vegetables and fruits exceeded the export value of key agricultural produce such as rice, cashew nuts and coffee.
China was the biggest market in the first 10 months at $3.2 billion, accounting for 66% of the total. Growth was 2.7% year-on-year.
It was followed by the U.S., down 3% to $212 million, South Korea, up 25% to $187 million and Japan, up 7% to $151 million.
The surge in demand from China and other countries helped exports to reach new heights, said Dang Phuc Nguyen, VFA general secretary.
More durian farming areas have been approved for exports to China this year and this helped increase shipment, he said, adding that improved infrastructure and logistics also contributed to the growth.
China is considering importing fresh coconuts from Vietnam and the fruit if approved, will likely be another one that records billions in exports.
Vietnam is negotiating with the U.S. and Australia to export passion fruit there. It is also in talks to ship grapefruit to Japan, South Korea, Australia and India.
Questions & Answers
Q.Which specific fruits contributed most significantly to the record export value?
Which specific fruits contributed most significantly to the record export value?
Durian was the largest contributor, accounting for 40% of the total export value. Other key fruits like jackfruit, watermelon, grapefruit, and longan also saw substantial growth, ranging from 50% to 200% year-on-year.
Q.Which countries were the main export markets for Vietnamese vegetables and fruits?
Which countries were the main export markets for Vietnamese vegetables and fruits?
China was the biggest market, purchasing $3.2 billion in the first 10 months, representing 66% of total exports. The U.S., South Korea, and Japan were the next largest markets, though the U.S. Saw a slight decline.
Q.What factors are cited as contributing to the record export growth?
What factors are cited as contributing to the record export growth?
The surge in demand from China and other countries, along with the approval of more durian farming areas for export to China, were key factors. Improved infrastructure and logistics also played a role in facilitating the growth.
Q.Are there plans to expand exports of other fruits to new international markets?
Are there plans to expand exports of other fruits to new international markets?
Yes, China is considering importing fresh coconuts, which could generate billions in exports. Vietnam is also negotiating to export passion fruit to the U.S. And Australia, and grapefruit to Japan, South Korea, Australia, and India.
Reader pulse
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