Vietnam is South Korea’s third largest mango supply market
Market & Price Trends
Published Oct 28, 2023
Vietnam is becoming an increasingly important mango supplier to South Korea, with exports reaching 1,700 tons and a value of $7.2 million in the first nine months of 2023. However, Vietnamese mangoes only account for 7.3% of South Korea's total mango imports, indicating room for further growth. As South Korea's climate changes, the market is shifting towards tropical fruits like mango and passion fruit, offering significant export potential for Vietnamese mangoes. However, Vietnamese entrepreneurs will need to address the strict regulations and consumer demands around health, safety, quality, taste, and packaging to increase exports to South Korea.
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According to the "Vietnam Electronic News", Vietnam is South Korea's third largest mango supply market, second only to Thailand and Peru. In the first nine months of 2023, Vietnam's mango exports to South Korea reached 1,700 tons, a year-on-year increase of 19.6%; the export value reached US$7.2 million, a year-on-year increase of 18.1%. However, South Korea’s mango imports from Vietnam only account for 7.3% of the country’s total mango imports. Therefore, Vietnamese mangoes still have great export space and potential to the South Korean market. Freshplaza.com says South Korea's seasonal fruits will change a lot in the coming decades as rising temperatures will reduce the planting area of popular fruit trees here. Apples, grapes and pears may gradually decrease on the Korean market. South Korea is increasingly turning its focus to tropical fruits. Therefore, tropical fruits such as mango and passion fruit will increasingly occupy an important position in this market. ...