Vietnam’s coconut export to reach $1B in 2025
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Vietnam’s coconut export is expected to reach US$1 billion in 2025 after the U.S. and China agree to allow Vietnamese coconuts to enter the two markets, according to the Vietnam Coconut Association.
As the U.S. is about to open the market for Vietnamese coconuts and China allows official coconut import, local businesses are trying to develop raw material areas, apply for growing areas codes, and register to build organic material zones to meet the needs of the world market.
At the end of 2022, coconut export turnover was over $700 million. But based on the momentum of the U.S. and China agreeing to import Vietnamese coconuts, around the end of 2024 and early 2025, coconut export turnover will be up to $1 billion.
In 2021, the fruit was listed as one of Vietnam’s key industrial crops.
About 20 large enterprises in the country have exported coconuts to the world. Up to 35 countries and territories are Vietnam’s importers.
Questions & Answers
Q.Which countries are now allowing imports of Vietnamese coconuts?
Which countries are now allowing imports of Vietnamese coconuts?
The U.S. Is about to open its market, and China now allows official coconut import. These agreements are expected to boost Vietnam's coconut exports.
Q.What measures are Vietnamese businesses taking to meet market demand?
What measures are Vietnamese businesses taking to meet market demand?
Local businesses are developing raw material areas, applying for growing area codes, and registering to build organic material zones to satisfy the world market's needs.
Q.What was the export turnover for Vietnamese coconuts at the end of 2022?
What was the export turnover for Vietnamese coconuts at the end of 2022?
At the end of 2022, Vietnam's coconut export turnover was over $700 million. This figure is expected to rise significantly.
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