November 5, 2024 | 10:53 GMT +7
November 5, 2024 | 10:53 GMT +7
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According to the General Department of Customs, in the first half of November, Vietnam's fruit and vegetable exports reached 188 million USD. This result has brought Vietnam's fruit and vegetable export turnover from the beginning of the year to mid-November to 5 billion USD. Thus, this is the first time in the history of Vietnam's fruit and vegetable exports reaching the 5 billion USD mark.
Durian continues to be the number-one product of Vietnam's fruit and vegetable exports. In the first 9 months of this year, durian exports also set a new record when for the first time exceeding the 2 billion USD mark in export value. In the first three quarters of the year, durian accounted for 41% of Vietnam's total fruit and vegetable export value.
In Vietnam's export market structure, the value of fruit and vegetable exports to the Chinese market accounts for the largest proportion. In the first 10 months of 2023, fruit and vegetable exports to China reached 3.2 billion USD, an increase of 164.7% over the same period in 2022.
In addition to the Chinese market, Vietnam's fruit and vegetable exports to markets such as Korea, the Netherlands, and the UAE have also increased significantly in 2023.
Translated by Bao Ngoc
(VAN) Chinese consumers demand significantly for agricultural products in general and fruits in particular; however, meeting the market requirements is challenging.
(VAN) As consumer demand shifts toward specialty and high-quality teas, innovation and 'premiumization' are key drivers for market expansion.
(VAN) The provinces of Central Vietnam are assisting Nhat Thanh Food Company in establishing a Halal certification process with the aim of exporting goat and sheep meat products to Muslim countries.
(VAN) Ca Mau's shrimp export revenue in 2023 reached over 1 billion USD, marking the fourth consecutive year the province has surpassed this milestone.
(VAN) Despite these factors, the FAS forecasts a 43% year-on-year decline in ending stocks for 2024-25 to 3 million tonnes.
(VAN) Ninh Thuan and Ben Tre established effective connections and trade with Halal markets by exploiting the agricultural suitability.
(VAN) However, in terms of value, Vietnam only ranks second, accounting for a proportion of 12.1%, much lower than the 39.6% of the largest tea supply market, Sri Lanka.