Fruit and vegetable exports flourished in Vietnam thanks to the increase in Chinese purchase

Published Mar 25, 2021

Tridge summary

The article highlights the significant growth in Vietnam's fruit and vegetable exports, with a 19.54% increase in the first half of March 2021 compared to the same period in 2020, reaching a total of $745.864 million from January 1 to March 15, 2021. Despite a slight dip in February 2021, the overall trend shows a 6% increase in the first two months of 2021. The Chinese market continues to dominate, but there is growth in other markets like the US, South Korea, Japan, Australia. However, the Covid-19 epidemic has impacted imports, with a 30.7% increase in imported vegetables and fruits in the first two months of 2021 compared to the same period in 2020. The article emphasizes the need for quality and standard compliance to expand into these markets. It also mentions the potential of the Vietnam - UK Free Trade Agreement to further boost exports by providing 0% tax rates for over 94% of tariff lines for vegetables and fruits, and offering increased market access for tropical fruits.

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

Original content

According to the statistics of the General Department of Customs, the export turnover of fruits and vegetables in the first half of March 2021 reached US $ 182,323,160, compared with the first half of March 2020, up 19.54%. Accumulated from January 1 / - March 15, 2021, fruit and vegetable exports reached US $ 745.864 million, an increase of 9.40% over the same period in 2020. Particularly in February 2021, fruit and vegetable exports were estimated at US $ 255 million, down 17.7% compared to February 2020, and in the first two months of 2021, US $ 564 million, up 6% over the same period in 2020. Many market "opening doors" for Vietnamese vegetables and fruits The Chinese market currently still accounts for a large proportion of the total export turnover of vegetables and fruits of the country. However, markets such as the US, South Korea, Japan, Australia ..., which account for small proportions, but all grow fairly well in 2020 and the first 2 months of 2021. This confirms the ...

Source: CafeF