Fruit and vegetable exports hit 3.34 billion USD

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam’s exports of fruits and vegetables hit 3.34 billion USD as by December 15, a surge of 45 percent year on year, surpassing 2016’s revenue of 2.457 billion USD, according to the updated report of the General Department of Vietnam Customs.

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

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 3.51 billion USD, 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.