China spends more than 100,000 billion VND buying Vietnamese fruits and vegetables

Published 2024년 12월 18일

Tridge summary

Vietnam's fruit and vegetable exports have seen significant growth, with the total turnover exceeding 6.6 billion USD in 11 months, primarily due to high demand from China. Durian is the top export product, contributing to about 42% of the total turnover, making Vietnam the second largest supplier to China. Other fruits like dragon fruit, bananas, jackfruit, and mangoes also contribute to the export revenue. The growth is attributed to factors such as consistent product quality, competitive pricing, and logistical advantages. Despite this, Vietnam faces intense competition, especially from Thailand which is improving quality and reducing transportation costs. In 2024, Vietnam signed protocols with China for the export of processed durian and fresh coconuts, expected to boost export turnover to around 7.2 billion USD in 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is the latest figure just announced by customs. In general, Vietnam's total fruit and vegetable export turnover in 11 months exceeded 6.6 billion USD, of which China accounted for 65% of the market share, followed by the US, South Korea, Thailand and Japan. According to the Vietnam Fruit and Vegetable Association, durian is a key export item, accounting for about 42% of the total fruit and vegetable export turnover to China and reaching about 2.8 billion USD in 11 months. Vietnam is currently the second largest durian supplier in China, with its market share increasing from 34% in 2023 to more than 40% this year, creating significant competitive pressure for Thailand and other Southeast Asian countries. Fruits such as dragon fruit, bananas, jackfruit and mangoes also continue to contribute greatly to export turnover. In particular, bananas and jackfruit are leading the market share in this country. Vietnam's banana market share increased from 31.3% in 2023 to 40.7% this ...
Source: VNExpress

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