Fruit and vegetable exports reached over 2.8 billion USD

November 1, 2017 16:41

According to the Ministry of Agriculture and Rural Development, the total export value of fruits and vegetables in the first 10 months of the year is estimated at 2.84 billion USD, an increase of 41.2% over the same period in 2016.

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According to the Ministry of Agriculture and Rural Development, China, Japan, the United States and South Korea were the top four import markets for Vietnamese fruits and vegetables in the first nine months of the year, accounting for 76%, 3.6%, 2.9%, and 2.6%, respectively (equivalent to China 2.15 billion USD, Japan 102 million USD, the United States 82 million USD and South Korea 73 million USD).

Thus, China is the market with the dominant market share, more than 20 times higher than other markets. Markets with strong growth in fruit and vegetable export value are Japan (66.1%), UAE (58%), and China (53.1%).

According to statistics, the export value of fruits and vegetables in October 2017 is estimated at 209 million USD, bringing the export value of fruits and vegetables in the first 10 months of 2017 to an estimated 2.84 billion USD, an increase of 41.2% over the same period in 2016.

Also in October 2017, the estimated import value of fruits and vegetables reached 96 million USD, bringing the import value of fruits and vegetables in the first 10 months of 2017 to 1.25 billion USD, an increase of 70.8% over the same period in 2016.

According to the assessment of the Ministry of Agriculture and Rural Development, in October 2017, the fruit and vegetable market fluctuated erratically due to the impact of weather as well as changes in supply and demand.

Due to the impact of continuous heavy rains in both the North and the South, outdoor vegetable areas were flooded, crushed, rotten, affecting productivity and quality. Therefore, the prices of vegetables increased sharply, even many prices nearly doubled.

According to Kinhtedothi

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Fruit and vegetable exports reached over 2.8 billion USD
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