Export of Vegetables and fruits can reach a new record of over 3 billion USD

According to the report of the Viet Nam Vegetables and Fruits Association, the export value of Vietnam’s fruit and vegetable has recently risen remarkably. Specifically, while the fruit and vegetable export turnover for 2016 reached 2.4 billion USD, the turnover for the first 11 months of 2017 is estimated at 3.16 billion USD, increased up to 43.2% compared to last year, with 292 million USD in revenue in November alone. Notably, the export of fruits and vegetables is far ahead of other major national commodities such as rice, rubber, tea, cashew… The Report also forecast an increasing proportion of Vietnam’s vegetables in agricultural export in the coming time.

The statistics show that Vietnam’s export fruits and vegetables are mainly dependent on Asian markets, accounting for 7 out of 10 largest export markets of Viet Nam including China, Korea, Japan, Thailand, Singapore, Malaysia, these countries which are relatively favorable in terms of distance and transportation. In addition, markets such as Japan, Taiwan and Korea are now reopening for Vietnamese vegetables and fruits, so businesses have more opportunities to expand market share and increase export value.

At present, Vietnamese vegetables and fruits have been exported to more than 40 countries and territories. In the first 11 months of 2017, China, Japan, the United States and South Korea continue to be the top four export markets for Vietnamese vegetables and fruits, accounting for 84.7% of total export of fruits and vegetables. The market shares for those were 75.6%, 3.6%, 2.9% and 2.6% respectively. In particular, the export value of fruits and vegetables has increased sharply (67.6%), United Arab Emirates (56.9%), China (52.7%).

Thus, while the growth rate of rice export is slowing down with the export value of 2.48 billion USD in 11 months of 2017, the vegetable industry has a breakthrough in the last two years, becoming a remarkable and competitive strength of Viet Nam in international markets. This is a positive signal to be expecting that the export tuern over of vegetables and fruits can reach a new record for the whole year 2017, exceeding the milestone of 3.6 billion USD. This expectation is entirely feasible in the context of the current shift in agriculture system from production to focusing on increasing the domestic consumption and export value.