Foreign fruits rush to the Vietnamese market, some are cheaper than vegetables

Published 2022년 10월 7일

Tridge summary

Vietnam has seen a significant increase in fruit and vegetable imports from China, reaching 1.49 billion USD in the first nine months of 2022, a 39% increase from the same period in 2021. China is the leading supplier, followed by the US and Australia. The price of many imported fruits has dropped, making them more affordable for consumers. This is due to reduced import taxes from free trade agreements and the convenience of international trade post-pandemic. Also, trucks returning from delivering agricultural products to China are now carrying Chinese fruits back to Vietnam, further reducing costs. This trend is expected to continue as demand for imported fruits, particularly around Tet, increases.

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

Original content

Imports from China increased dramatically Information from the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development), in September alone, Vietnam spent 230 million USD importing vegetables and fruits, mainly fruits. By the end of September 2022, the import turnover of this group of products reached 1.49 billion USD, up 39% over the same period. Statistics also show that, in the first eight months of 2022, China is still the largest supplier of vegetables and fruits to Vietnam, accounting for 37.6%, followed by the US with 17%, Australia accounting for 8. 3% of the total value of imported fruits and vegetables. Compared to the same period in 2021, the value of imports of vegetables and fruits in the first eight months of this year from China increased by 74.1%, imports from the US increased by 5.8% and from Australia increased by 18.1%. In fact, recently, imported fruits have been sold widely in supermarkets and shops, ...

Source: Industry and Consumption Newspaper