Vietnam’s coconut exports set to surpass $1 billion in 2024

Published 2024년 12월 26일

Tridge summary

Vietnam's coconut exports have seen a significant increase in revenue, from $180 million in 2010 to an projected $1 billion in 2024, driven by the approval for exporting fresh coconuts to China. The country aims to expand its coconut cultivation area to 200,000 hectares by 2030 to meet the rising demand. However, strict compliance with phytosanitary standards will be necessary to sustain this growth, especially with the increased pesticide residue limits by China and the European Union. Vietnam's fruit and vegetable exports, including coconuts, reached a value of $6.2 billion in 2024, with China being a key market. The country is planning to expand its coconut cultivation area to include 175,000 hectares in the Mekong Delta and 16,000–20,000 hectares in the South Central Coast region by 2030.

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Original content

Vietnam’s coconut exports are rapidly gaining prominence as a high-value commodity. According to Nguyen Thi Thanh Thuy, director of Vietnam’s Department of Science, Technology and Environment, export revenues have surged from $180 million in 2010 to over $900 million in 2023. In 2024, this figure is projected to surpass $1 billion. In August 2024, fresh coconuts from Vietnam were officially approved for export to China through regular trade channels, following a similar agreement with the United States last year. China is emerging as a key market, with an annual demand of approximately 2.6 billion fresh coconuts. Exports of fresh Vietnamese coconuts to China are projected to reach $250 million this year, accounting for 25% of Vietnam’s total coconut export value. However, to sustain this growth, Vietnam must maintain strict compliance with phytosanitary standards as China and the European Union implement increasingly rigorous pesticide residue limits. Vietnam’s fruit and vegetable ...

Source: Producereport