News

Will Vietnam fruit exports reach Thailand volumes?

Fruits
Vietnam
Published Nov 9, 2022

Tridge summary

Vietnam is working on new strategies and policies in an attempt to catch up with Thai fruit exports.

Original content

Vietnam and Thailand are Southeast Asian fruit powers, both famous for growing exotic fruits that are continuously gaining popularity worldwide. The fruit items exported by the two countries are also very similar. What is surprising is that Thailand’s export volumes have far outstripped those of Vietnam in recent years. Despite Thailand’s fruit output being much smaller, 5.43 million metric tons a year against 12–13 million metric tons a year in Vietnam, its export turnover in 2022 is expected to reach $8.53 billion while Vietnam’s grand total will not exceed $3.2 billion. Vietnamese fruit and vegetable export turnover peaked in 2019 at $3.7 billion, surpassing even the export value of rice, before falling to $3.26 billion in 2020 and $3.55 billion in 2021. At the same time, that of Thailand increased from $3.76 billion in 2019 to over $4.2 billion in 2020 and $5.3 billion in 2021. The fact that Vietnam is continuously losing its export power to Thailand has startled some ...
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