Export of vegetables and fruits in August jumped by nearly 30%

Published 2020년 9월 7일

Tridge summary

In August 2020, Vietnam's vegetable and fruit exports saw a significant increase of nearly 30% compared to July 2020 and 4.2% year-on-year, totaling approximately 280 million USD. Despite this monthly growth, the overall export performance from January to August 2020 showed a decline of 11.3% year-on-year, amounting to 2.26 billion USD, primarily due to a decrease in exports to China. The challenges in exporting to China, such as strict market management and increased inspection of documents, have led to a 29% drop in exports to that market from January to July 2020. However, exports to South Korea, Thailand, Japan, and Taiwan have compensated for this loss by showing notable increases of 6.6%, 112%, 4.5%, and 31%, respectively, compared to July 2019, contributing to the monthly growth in August 2020.

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

Original content

According to data from the Import and Export Department (Ministry of Industry and Trade), the export of vegetables and fruits in August 2020 is estimated at 280 million USD, up nearly 30% compared to July 2020 and 4.2% over August 2019. In the first 8 months of 2020, exports of vegetables and fruits were estimated at US $ 2.26 billion, down 11.3% over the same period in 2019. According to statistics from the General Department of Customs, exports of vegetables and fruits in the month 7/2020 reached 222.4 million USD, down 9% over the same period in 2019. Generally, in the first 7 months of 2020, exports of vegetables and fruits reached 1.98 billion USD, down 13.1% over the same period last year. 2019. The main reason for the decline in exports of vegetables and fruits is mainly due to the decline in exports to the Chinese market. In July 2020, exports of vegetables and fruits to this market continued to decline sharply compared to the same period in 2019, reaching USD 108.13 ...

Source: Vietnambiz