Vietnamese bananas increase market share in China

Source: Nongnghiep.vn More than 1 year ago, on November 1, 2022, the Ministry of Agriculture and Rural Development of Vietnam and the Chinese Customs Authority signed a Protocol on the export of fresh bananas from Vietnam to China. Information from the Import-Export Department (Ministry of Industry and Trade) shows that the signing of the Protocol has brought significant growth for Vietnamese bananas into the Chinese market. Specifically, in the first 10 months of this year, Vietnam was the second largest banana supply market for China. Data from the Chinese Customs Authority shows that in the first 10 months of 2023, Vietnamese bananas imported into China reached 412 thousand tons, an increase of 2.3% over the same period in 2022. While increasing imports of Vietnamese bananas, China decreased imports of bananas from other Southeast Asian countries (Philippines decreased by 8.7% in volume; Cambodia decreased by 26.9%; Laos decreased by 42.8%). Thanks to this, Vietnamese bananas ...