Processed fruits and vegetables: The end of the billion-dollar export industry in the midst of plummeting

Published 2020년 6월 18일

Tridge summary

The article highlights a decrease of 14.5% in the first five months of this year in the export value of fresh fruits and vegetables, largely due to a 29.2% decrease in exports to China. Despite this, there has been a positive growth in the export of deep processed fruits and vegetables, reaching over 36% in the first four months. The government recommends a focus on primary processing for export of processed fruits and vegetables, with potential market growth in the Middle East and Africa. The article also suggests that simplifying procedures and creating favorable conditions for trade could help increase exports of Vietnamese agricultural products to China.

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

Original content

While the COVID-19 epidemic raging in many markets made the export of fresh fruits and vegetables seriously affected, the segment of deep processed goods had a noticeable strong growth. According to the Department of Agricultural Product Processing and Market Development, the value of fruit and vegetable exports in the first 5 months of this year reached US $ 1.5 billion, down 14.5% compared to the same period in 2019. Causes of fruits and vegetables export Slope led by the market is China with 60.8% of market share reduced buying. Fruit and vegetable export to this market in the first 4 months of this year only reached US $ 745.1 million, down 29.2% in value over the same period in 2019 (reaching US $ 1.1 billion). Although exports to Thailand, the United States and Japan increased sharply around 8% - 244%, it still could not pull off a sharp decline in the US $ billion market of China. Because of the sharp decrease in purchasing power, the key export products also plummeted. ...

Source: Vietnambiz