Vietnam became China's number one banana exporter

Published 2024년 6월 13일

Tridge summary

Vietnam has emerged as China's largest banana supplier, overtaking the Philippines, with 49% of China's banana imports in the first four months of the year. This shift is due to a significant decrease in Philippine banana exports to China, while Vietnam's exports have seen a substantial increase. The quality of Vietnamese and Cambodian bananas is improving, offering Chinese consumers a more appealing alternative to Philippine bananas, which have been the market leader but face challenges like reduced quality and higher prices due to low production. Vietnam is among the 14 agricultural countries exporting products to China, including durian and mangoes. Additionally, negotiations are underway for the export of more products like frozen durian, fresh coconut, and avocado to China.

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

Original content

Source: Fireant.vn Vietnam has surpassed the Philippines to become China's largest banana supplier. Photo: Pham Ngon. Global Times cited the latest data released by the General Administration of Customs of China, showing that the number of Philippine banana exports to China decreased by 1/3 in the first 4 months of this year. Accordingly, Vietnam becomes the largest source of bananas for the country of billions of people. Data show that in the first 4 months of this year, China imported 729,800 tons of bananas, worth 360 million USD. Of which, 147,700 tons of bananas were imported from the Philippines, accounting for 20% of total imports and only worth 80 million USD. In contrast, Vietnam exported 354,500 tons of bananas to China in the first 4 months of the year, accounting for 49% of total banana imports to China. Philippine bananas have dominated the Chinese market for many years. Data shows that 2018-2019 was the peak period for Philippine banana exports to China, with annual ...

Source: AgroInfo.vn