In the initial six months of 2024, Vietnam observed a 28% increase in fruit and vegetable exports, amounting to $3.4 billion, led by key commodities such as durian, dragon fruit, banana, and longan. This data, derived from Vietnam's customs, was analyzed by the Vietnam Fruit and Vegetable Association, projecting an annual total export value of $7.5 billion. Despite a general uptrend in key markets with growth ranging between 10-50%, the Netherlands exhibited a reduction in its procurement levels.
Major importing countries like China, Thailand, and South Korea showed a substantial import growth of 30-60% within the first five months, with Thailand and South Korea importing goods worth $74.5 million and $136 million, respectively. Particularly, China's import of Vietnamese agricultural products surged to $1.7 billion, marking a 33% increase from the previous year.
Dang Phuc Nguyen, the general secretary of the Vietnam Fruit and Vegetable Association, highlighted the strategic advantages Vietnam holds due to its geographical proximity and culinary affinity with China, contributing to the export growth. He anticipates the export value of fruits and vegetables to reach $7.5 billion in 2024, a 35% increase from 2023. The previous year's exports set a record at $5.69 billion, nearly 70% higher than the year before, with China being the largest market, purchasing over $3.7 billion worth of products, a 149% increase from the previous year.
Source: theinvestor.vn