Vietnam seizes opportunity to maintain growth momentum in fruit and vegetable exports

Published 2024년 4월 7일

Tridge summary

Vietnam's fruit and vegetable exports have experienced significant growth, particularly with a surge in exports to Thailand, positioning it as the fourth largest market. In March 2024, exports hit $433 million, a nearly 4% increase from the previous year, with the first quarter witnessing a 27% rise to $1.25 billion. This growth is driven by robust sales in key markets such as China, South Korea, Thailand, and Japan. The Vietnam Fruit and Vegetable Association anticipates a 15-20% increase in export growth for 2024, aiming for $6.5-7 billion. This optimistic forecast is supported by Vietnam's engagement in numerous free trade agreements, a commitment to meeting customer requirements, adopting advanced technology, and enhancing product quality. Despite export challenges to Europe and the United States due to the Red Sea incident, exports to China and ASEAN countries have flourished, with ASEAN emerging as the second largest market after China.

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Original content

Vietnam's fruit and vegetable exports to Thailand surge Preliminary statistics from the General Department of Vietnam Customs show that in March 2024, fruit and vegetable exports reached US$433 million, up nearly 4% year-on-year. The cumulative export value in the first three months reached US$1.25 billion, up 27% from the same period in 2023. Important sales markets for Vietnamese fruit and vegetable, such as China, South Korea, Thailand and Japan, have all grown well. It is worth noting that among Vietnam's top ten fruit and vegetable export markets (as of February 2024), the Thai market has a very high growth rate, up 125.9% from the same period in 2023 to US$28.6 million, raising Thailand's market share from 2% to nearly 4%, raising Thailand's ranking among Vietnam's largest fruit and vegetable import markets to fourth place. Deng Fuyuan, Secretary-General of the Vietnam Fruit and Vegetable Association, predicts that fruit and vegetable exports will continue to grow by 15-20% ...

Source: Foodmate