Vietnam eyes $6bn in veggie, fruit exports this year
Vietnam eyes $6bn in veggie, fruit exports this year
Vietnam is expected to rake in US$6 billion in vegetable and fruit exports this year thanks to the strong export growth over the past few months, according to Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association.
Durians post strong growth in export revenue this year. Photo: N.Tri / Tuoi Tre |
Statistics from the General Department of Vietnam Customs showed that the country exported $349.52 million worth of vegetables and fruits in the first half of this month, raising the country’s total export revenue from fruits and vegetables to $4.56 billion between January 1 and October 15, surging 75.4 percent year on year.
Vietnam’s vegetable and fruit exports have increased monthly over the past few months.
In particular, export earnings reached $404.4 million in July, $464 million in August, and $667 million in September.
If Vietnam maintains this growth momentum, it could fetch $700 million from vegetable and fruit exports this month, setting a record for the Southeast Asian country.
Experts attribute this growth to increased demand from the Chinese market.
From January to September, vegetable and fruit exports from Vietnam to China reached $2.7 billion, skyrocketing 160 percent year on year and making up 65 percent of Vietnam’s total vegetable and fruit exports.
Nguyen told Tuoi Tre (Youth) newspaper that vegetable and fruit shipments so far this year have exceeded the record set in 2018, at $3.18 billion, and may surpass the $5 billion estimated earlier by many experts, as many products have reported high export turnover, such as durians, mangos, jackfruits, bananas, and sweet potatoes.
Moreover, China tends to elevate vegetable and fruit imports, such as dragon fruits, watermelons, and mangos, at the end of the year for consumption during the Lunar New Year holiday in February 2024, Nguyen added.
