China sharply reduces imports of rice and pepper from Vietnam

Published 2024년 8월 13일

Tridge summary

In the first seven months of 2024, Vietnam experienced a significant growth in agricultural exports to China, with the total export value reaching 7.04 billion USD, an 11.3% increase from the previous year. Despite this growth, the export of rice and pepper to China saw a dramatic decrease, with pepper exports falling by 85% and rice exports by 68.4%. Fruits, vegetables, seafood, cashew nuts, wood, and coffee experienced sharp increases in export volumes. However, China's import restrictions and the quality preferences of Chinese imporers have made it challenging for Vietnamese rice enterprises to compete in the Chinese market. The Vietnam Pepper and Spice Association predicts that demand for pepper imports from China is likely to remain low in the latter half of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China has been the main export market for Vietnamese agricultural products for many years. In the first 7 months of 2024, exports of agricultural products to China reached 7.04 billion USD, up 11.3% over the same period last year. Accordingly, China continues to be the second largest market (after the US), accounting for 20.5% of the export turnover of the entire agricultural sector in the past 7 months. Many export items to China continued to increase sharply. For example, fruit and vegetable exports to this market reached 2.5 billion USD, up 25% over the same period. Items such as seafood, cashew nuts, wood, coffee, etc. also recorded good growth rates in the first 7 months of 2024. However, rice and pepper exports to China plummeted. Specifically, by the end of July 2024, pepper exports to this billion-people market only reached 8,000 tons, a sharp decrease of nearly 85% compared to the same period last year. Similarly, rice exports in the first 7 months of 2023 reached 413.5 ...

Source: Vietstock