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Vietnam’s fruit and vegetable exports exceeded US$1 billion in the first quarter of 2024

Published Mar 29, 2024

Tridge summary

Vietnam's fruit and vegetable exports have experienced a remarkable growth in the first quarter of 2024, surpassing 1 billion US dollars in export value, a 27% increase from the previous year. This surge is largely due to the country's strong export performance in major markets such as China, the United States, Japan, South Korea, and Thailand. Notably, exports to China, which make up 61.5% of the total export value, have been boosted by the inclusion of more Vietnamese fruits like avocados. Additionally, the demand for durians, particularly from Thailand's tourism sector, has significantly contributed to this growth. Despite facing challenges in exporting to Europe and the United States due to the Red Sea incident, the fruit and vegetable export industry in Vietnam is on a positive trajectory, with projections estimating the export value to reach between 6.2 and 6.5 billion US dollars for the year 2024.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In March, the export value of fruits and vegetables is expected to reach 433 million US dollars, an increase of nearly 4% year-on-year. The cumulative export value of fruits and vegetables in the first three months reached 1.25 billion US dollars, an increase of 27% over the same period in 2023. For the first time, Vietnam's fruit and vegetable exports reached and exceeded the 1 billion US dollar mark in the first few months of the year, "lighting up" the future growth prospects of the fruit and vegetable industry. Important export markets for Vietnamese fruits and vegetables include China, South Korea, the United States, Thailand, Japan, etc. In the first few months of this year, Vietnam's fruit and vegetable exports to demanding markets such as the United States and Japan grew well. Among them, exports to the United States reached 39.6 million US dollars, an increase of 27.7%; exports to the Japanese market reached 27 million US dollars, an increase of 17.7% over 2023. As of the ...
Source: Foodmate
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