Vietnamese vegetable and fruit exports plunged 9.6 percent year-on-year to 508 million USD in the first two months of 2022 due to a sharp decrease in shipments to China. Shipments to China, the Vietnam’s largest vegetable and fruit importers for years, dropped nearly 26 percent year-on-year to worth 261 million USD in January-February as a result of the neighboring country’s stricter rules on imported food, causing severe backlogs at their shared borders.
However, Vietnamese vegetables and fruits enjoyed strong growth in other major markets, such as the US (79 percent), the Republic of Korea (32 percent), Japan (12 percent), Australia (45.7 percent), and the Netherlands (51.5 percent).
Many Vietnamese exporters are turning their eyes to EU markets where their products are entitled to the zero-percent tax rate from the EU-Vietnam Free Trade Agreement (EVFTA) and the markets are seeing increasing demand for tropical vegetables and fruits.
Source: en.vietnamplus.vn