Vietnam: Fruit and vegetable exports set to soar to USD 4 billion in 2023

Published Apr 16, 2023

Tridge summary

In the first quarter of 2023, Vietnam witnessed a 16.2% increase in fruit and vegetable exports, amounting to USD 982 million, largely due to China's border reopening. China was the largest market, contributing 58.7% of the total export value with over USD 576 million. The growth in exports was also supported by the EU's decision to remove control measures on four Vietnamese spices. The Vietnam Fruit and Vegetables Association anticipates a 20% increase in fruit and vegetable exports in 2023, reaching USD 4 billion, if trade agreements and investment in deep processing are optimally utilized. The Ministry of Agriculture and Rural Development is encouraged to swiftly sign phytosanitary protocols with China for more commodities to broaden the access to the Chinese market.

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

Original content

Vegetables & fruits were one of the few agricultural goods in Vietnam that increased in export turnover in the first quarter of 2023. Fruit and vegetable exports reached USD 982 million in the first quarter of this year, increasing 16.2% from the same time in 2022. According to Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetables Association, China reopening the border will be essential in assisting Vietnam's fruit and vegetable exports to rise in the first quarter. Vietnam's fruit and vegetable shipments to China fell precipitously in 2022 as a result of the country's Zero Covid policy. This was the first time in history that Vietnam's fruit and vegetable exports saw a significant reduction in terms of export turnover, with the Chinese market accounting for less than half of overall export value. The tight borders of the billion-person market were also the primary reason for an overall reduction in Vietnam's fruit and vegetable exports compared to 2021. Now ...

Source: Krishi Jagran