Tridge summary
Vietnamese durian exports have seen a significant increase of 63% in the first 9 months of the year, reaching over 2.8 billion USD, primarily due to a surge in demand from China which accounts for 92% of the total exports. Other markets like Thailand, Hong Kong, Papua New Guinea, Taiwan, Japan, South Korea, and Cambodia have also shown a notable increase in their import of Vietnamese durians. This rise is attributed to factors such as high product quality, competitive pricing, and efficient shipping times. Additionally, the decrease in durian production in Thailand due to adverse weather conditions has led to a shift in demand towards Vietnamese durians. A recent signing of a protocol between Vietnam and China for the export of frozen durian further bolsters Vietnam's durian export prospects, aiming for a total turnover of 3.7 billion USD by the end of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Data recently released by customs shows that in the first 9 months of the year, durian exports reached more than 2.8 billion USD, an increase of 63% over the same period in 2023, the highest level ever. Of the 10 markets importing Vietnamese durian, 8 places recorded strong growth. China led with a turnover of 2.6 billion USD, accounting for 92% of total durian exports, up 65% over the same period in 2023. Thailand ranked second with 133 million USD, up 85% and Hong Kong ranked third with 23 million USD, up 17%. Other markets such as Papua New Guinea, Taiwan, Japan, South Korea and Cambodia also increased from 22% to 16 times compared to last year, of which Papua New Guinea and Cambodia increased the most, 2.6 and 16 times respectively. Explaining the reasons for the sharp increase in durian export turnover, businesses said that first of all, it was due to improved product quality, competitive prices and short shipping time to China. In addition, Thailand's durian output ...
Source: VNExpress
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