Vegetable, fruit exports hits over USD 2.1 billion in 11 months

Vietnam’s vegetable and fruit exports in the first 11 months of this year reached USD 2.178 billion, reported the E-Commerce and Information Technology Agency under the Ministry of Industry and Trade.

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Photo for illustration

The agency revealed that Vietnam’s mangosteen and lychee have been accepted in the US and Australian markets while an increase has been seen in exports of dragon fruit, rambutan, longan, lychee and mangosteen in a number of major markets, including the US, Japan and the Republic of Korea.

China remained the largest market of Vietnamese vegetables and fruits, consuming 70.4 percent of the country’s total export volume. It is followed by the Republic of Korea, 3.6 percent; the US, 3.4 percent; and Japan, 3.1 percent.

Meanwhile, in the January-November period, Vietnam spent USD 814 million to import vegetables and fruits, a rise of 44 percent year on year.

The agency forecast that in 2016, Vietnam’s vegetable and fruit exports are likely to fetch USD 2.6 billion.

Experts also highlighted huge potential for the country’s fruit exports. Vietnam may earn USD 5 billion each year from exporting vegetables and fruits if it shows better control of goods quality, they said.

Source: VNA