Durian plays the role of star, Vietnam's fruit and vegetable exports set a new record

Published 2024년 9월 2일

Tridge summary

In the first seven months of 2024, Vietnam has seen a significant increase in fruit and vegetable exports, with the total turnover surpassing 3.8 billion USD, a 23.4% increase from the previous year. China is the primary market, accounting for 64% of the export turnover. This growth is attributed to both distant and immediate causes. The distant cause is new geopolitical tensions that have disrupted container shipping, leading to increased shipping times and costs. The immediate cause is the strong export growth of durians and bananas, with Vietnam becoming the largest supplier of bananas to China due to diseases affecting banana production in the Philippines. There is optimism for further growth in fruit and vegetable exports, with the potential market expansion to the US and Europe, and the im impending export approval of Vietnamese fresh coconuts to China, a market that consumes billions of coconuts annually. The Vietnam Fruit and Vegetable Association predicts that exports could reach 7 billion USD this year, despite not reaching that mark, the growth is expected to continue.

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

Original content

According to the Vietnam Fruit and Vegetable Association, in the first 7 months of 2024, the export turnover of fruits and vegetables reached over 3.8 billion USD, an increase of 23.4% over the same period last year. China is the leading market, accounting for 64% of the total export turnover with 2.1 billion USD, an increase of 22% over the same period last year. Next are South Korea, the US and Japan. Assessing fruit exports in the first 7 months of the year, Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, said that the success of fruit and vegetable exports in the first half of this year had both distant and near causes. The distant cause was that new geopolitical tensions occurred in early 2024. In particular, the crisis in the Red Sea has blocked the flow of container shipping from East to West and vice versa. To ensure safety, cargo ships from East to West and vice versa have been forced to go around the Cape of Good Hope in South ...

Source: Danviet