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Vietnam's coconut exports are expected to exceed US$1 billion, with China accounting for a quarter of the total

Published Dec 24, 2024

Tridge summary

Vietnamese coconut exports have seen a significant increase, with the export value expected to surpass US$1 billion in 2024. The Chinese market is a major contributor, accounting for 25% of the total exports, followed by the United States, Thailand, Spain, and other countries. Vietnam aims to expand coconut planting areas to 200,000 hectares by 2030 and increase the planting area that meets the VietGAP standard. Ben Tre Province, the 'coconut capital' of Vietnam, accounts for a significant portion of the country's coconut planting area and is the largest exporter of coconut products in the country.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Vietnamese media reports, Nguyen Thi Thanh Thuy, Director of the Department of Science, Technology and Environment of Vietnam, said at the "Coconut Product Production and Marketing Matching" forum that Vietnamese coconuts are gradually becoming high-value export products, and the export volume is showing a rapid growth trend. In 2010, its export value was only US$180 million, and by 2023 it had successfully exceeded US$900 million, and it is expected to exceed the US$1 billion mark in 2024. In August 2024, Vietnamese fresh coconuts were allowed to be exported to China through formal trade channels, and China became one of the main export destinations for Vietnamese coconuts. In the first 10 months of this year, Vietnam's fresh coconut exports exceeded US$120 million. The Chinese market has a strong demand for coconut products, and with formal access, exports are expected to rise further. It is estimated that the annual export of fresh coconuts to China can reach ...
Source: Foodmate
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