Vietnam beats Thailand at durian exports to China
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Vietnam has surpassed Thailand as the top durian exporter to China, shipping 32,750 tons in the first two months of 2024.
This accounted for 57% of China’s imports, up from 32% last year, according to Vietnam Customs.
Vietnam’s export of the fruit to China rose by 2.4 times year-on-year.
Thailand saw its exports plunge by half to 19,000 tons.
At US$4,916 per container, Vietnam’s export price was almost 20% lower than Thailand’s.
Dang Phuc Nguyen, general secretary of the Vietnam Fruits & Vegetables Association, said Vietnam’s weather allows durian to be grown all year round.
It shares a border with China, which offers it an advantage in transportation.
Farmers have been hiking durian prices in recent months thanks to high demand from China.
In March the prices of the highest quality Monthong variety in the Mekong Delta were up 15% from a year earlier to VND218,000-230,000 ($8.7-9.2) per kilogram.
Vietnam’s durian exports are expected to top $3.5 billion this year, up 66% from last year.
Questions & Answers
Q.What is the primary reason for Vietnam's increased durian exports to China?
What is the primary reason for Vietnam's increased durian exports to China?
Vietnam's durian exports have surged due to its ability to grow durian all year round. It also benefits from a shared border with China, which provides a transportation advantage, and its lower export price per container.
Q.By how much did Vietnam's durian exports to China increase in early 2024 compared to the previous year?
By how much did Vietnam's durian exports to China increase in early 2024 compared to the previous year?
In the first two months of 2024, Vietnam's durian exports to China rose by 2.4 times year-on-year. This led to Vietnam supplying 57% of China’s imports, up from 32% last year.
Q.What was the difference in export price per container between Vietnam and Thailand?
What was the difference in export price per container between Vietnam and Thailand?
Vietnam's export price per container was US$4,916. This figure was almost 20% lower than the price Thailand charged for its durian exports to China, contributing to Vietnam's market share gain.
Q.What is the forecast for Vietnam’s total durian exports this year?
What is the forecast for Vietnam’s total durian exports this year?
Vietnam’s durian exports are expected to reach over $3.5 billion this year. This projected total represents a 66% increase from the previous year's export value.
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