Vietnam’s total vegetable and fruit exports surpassed the $3.1 billion mark in the first 11 months of 2022, according to the Vietnam Electronic Daily.
In November, Vietnam’s vegetable and fruit exports grew at an impressive rate, up nearly 10% YoY and 30% YoY, lifting the value of vegetable and fruit exports in the first 11 months of the year to more than $3.1 billion.
As the export agreement between Vietnam and China came into effect, the total export value of many Vietnamese commodities such as durian, dragon fruit and bananas rose sharply with it. It is predicted that demand from the Chinese market during the Lunar New Year still accounts for more than 50% of Vietnam’s fresh fruit exports.
China remains the number one export market for Vietnamese fruits and vegetables, and the requirements of that market are becoming increasingly demanding. Quarantine policies for fruits and vegetables exported to China are also changing and becoming stricter. This requires Vietnamese enterprises and farmers to change their production methods to fully exploit this huge and promising market.
China is expected to import a total of $13 billion in vegetables and fruits annually, with one-fifth of the fruits coming from Vietnam.
Source: Vietnam People’s Daily Online
Post time: Dec-21-2022