Fruit and vegetable exports in Vietnam are up sharply in the first seven months

Published Aug 15, 2024

Tridge summary

Vietnam has experienced a significant increase in fruit and vegetable exports in the first seven months of 2024, with a value of over $3.8 billion, up 23.4% from the previous year. This growth is attributed to the improvement in quality of Vietnamese produce and the high market demand. The country also saw an increase in fruit imports, with China, the US, and Australia being the main suppliers. The Vietnam Fruit and Vegetable Association predicts that the coconut industry could generate an additional $300 million from the Chinese market if a quarantine protocol is signed, due to the high demand and competitive advantages of Vietnamese coconuts.

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

Original content

The strong growth in exports during the first seven months of this year showed that the quality of Vietnamese fruits and vegetables has been improved to meet the export markets' requirements. Việt Nam's fruit and vegetable export value reached over US$3.8 billion in the first seven months of 2024, up 23.4 per cent compared to the same period in 2023. In July alone, the fruit and vegetable export value surged by 18 per cent year-on-year to $477 million. The Việt Nam Fruit and Vegetable Association said that since the beginning of 2024, the strong increase in market demand has pushed the export value of fruits and vegetables up. The strong growth in exports showed that the quality of Vietnamese fruits and vegetables has improved to meet the export markets' requirements. Meanwhile, Việt Nam's fruit imports also increased strongly. In the first seven months, the country spent over $1.2 billion to import fruits, an increase of 12.7 per cent over the same period last year. This import ...

Source: WTOCenter