Fruit and vegetable exports hit USD 3.34 billion

According to the Ministry of Industry and Trade, China is the major market of Vietnamese fruits and vegetables, buying products worth USD 2.4 billion in 11 months, accounting for 75.7 percent of Vietnam’s total export value, a year-on-year rise of 54.9 percent.

Fruit and vegetable exports hit USD 3.34 billion

Sharp increase was also recorded in other markets such as Japan, the US, the Republic of Korea, the Netherlands, Malaysia, and Thailand.

Among 23 markets of Vietnamese fruits and vegetables, downturn was seen only in four markets of Thailand, the UK, Cambodia and Indonesia.

So far, the export revenue of fruits and vegetables has surpassed that of rice, coffee and even crude oil.

For the whole year, the figure is estimated to reach over USD 3.51 billion, up 43 percent over 2016.

The Vietnam Fruit and Vegetables Association (Vinafruit) forecasts that potential of Vietnamese fruits and vegetables is high in both global and domestic markets.

Informative labeling in service of the tracking of origin and production areas of commodities have made locally-grown vegetables and fruits win higher market shares and enter others markets more easily.

The association predicted that the sector’s export revenue in 2018 will be higher than the 2017 figure.

Source: VNA