Vietnam’s betel nut imports jump by 324% despite strong exports to China

게시됨 2024년 10월 25일

Tridge 요약

Vietnam has seen a significant increase in betel nut trade, both as exports to China and imports into the country. Exports to China have surged, resulting in a 324% increase in imports in the first eight months of the year. The price of betel nuts varies depending on demand, with imports costing up to 90,000 VND per kilogram. Betel nuts are used for their medicinal properties and in the production of candies and dishes. The trade of betel nuts, along with other agricultural commodities, is not uncommon and is necessary to meet demand and fulfill orders.

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원본 콘텐츠

Despite exporting a significant volume of betel nuts to the Chinese market, Vietnam’s imports of this commodity have also surged, with values increasing by 324% in the first eight months of the year. Vietnam has several regions specializing in the cultivation and processing of betel nuts for export to China. At times, the price of betel nuts ranged from just 3,000-7,000 VND per kilogram, but when demand from China spikes, prices can skyrocket to 60,000-90,000 VND per kilogram. Alongside exports, Vietnam also imports a large quantity of betel nuts. According to the Vietnam Fruit and Vegetable Association, in the first eight months of 2024, traders and businesses spent nearly $9 million (approximately 225 billion VND) on importing betel nuts. This marks a 324% increase compared to the same period last year. With these figures, betel nuts rank 15th, accounting for 0.78% of the total value of imported fruits and nuts in Vietnam during the first eight months of this year, an increase ...

출처: WTOCenter