Vietnam: In the first 7 months of the year, fruit and vegetable exports are estimated to earn over 3.8 billion USD

Published 2024년 7월 26일

Tridge summary

In July 2024, Vietnam's fruit and vegetable exports surged to $477 million, marking an 18% increase from the previous year, with a 7-month total exceeding $3.8 billion, up 23.4%. China remains the largest market, followed by Korea and the United States, with durian, banana, and dragon fruit as key exports. Despite challenges like crop failures, the industry aims for $7 billion in exports for 2024, driven by growing demand in new markets like the UK and EU. The rising demand for durian products, due to high prices and limited access to fresh durian, underscores the need for developing durian-based products. Technical and legal preparations, such as negotiating frozen durian export protocols with China, are essential for sustainable growth. Businesses are encouraged to adapt to new consumer tastes and diversify their offerings.

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

Original content

Source: Vnbusiness.vn Accordingly, preliminary estimates in July 2024, fruit and vegetable exports reached 477 million USD, up 18% over the same period in 2023. Accumulated 7 months reached over 3.8 billion USD, up 23.4% over the same period. period last year. On the contrary, in July, fruit and vegetable imports were estimated to reach over 200 million USD, a slight increase of 2% over the same period last year. Accumulated in 7 months is 1.2 billion USD, an increase of nearly 13% over the same period in 2023. Vietnam's top 10 fruit and vegetable import markets all grew from 15 - 96% or more. China is still the market that buys the most Vietnamese fruits and vegetables, accounting for 64% of total export turnover in the first half of the year, up 22% over the same period last year. Durian, banana, and dragon fruit are the main export products of Vietnamese fruits and vegetables. Mr. Phung Duc Tien - Deputy Minister of Agriculture and Rural Development - said that Vietnam has ...

Source: AgroInfo.vn