Fruit and vegetable exports see robust growth over 4 months

26-May-2018 Intellasia | VOV | 6:00 AM Print This Post

Vietnam’s exports of fruit and vegetables jumped 29.1 percent to $1.32 billion during the first four months of the year, according to preliminary statistics from the general Department of Vietnam Customs.

This is the first time that exports of fruit and vegetables have exceeded the earnings from crude oil (US$668 million) and set the highest record for growth in years.

Vietnam’s fruit and vegetables have penetrated 60 countries and territories with many stable markets such as China, Japan, the US, and the Republic of Korea. It is noteworthy that Vietnamese products have been exported to Thailand and Indonesia, which are agricultural strongholds in themselves.

China remained the largest importer of Vietnamese products, buying $988.77 million in four months, accounting for 75 percent of Vietnam’s total fruit and vegetable exports, up 30.3 percent against the same period last year.

The general picture shows that exports to most markets obtained growth over the period, with leading markets being Southeast Asia (up 19.4 percent to $56.39 million), the US (up 12.3 percent to $38.84 million), Japan (up 15.9 percent to $36.55 million), and the EU (up 11.8 percent to $32.22 million).

A stand out performer, despite the modest export value of $0.82 million, Cambodia became the fastest growing market with export growth of 279 percent.

Some markets saw a decline in exports, including Indonesia (down 77.6 percent to $0.25 million), Ukraine (down 33.6 percent), the UK (down 22 percent), and Russia (down 15 percent).


Category: Economy, Vietnam

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