Agricultural exports reached nearly $2.72 billion in the first 10 months of the year



Accordingly, China still ranks first in Vietnam’s fruit and vegetable import market, accounting for 57.5% market share with export value reaching USD 1.43 billion, down 25.9% over the same period in 2019.

Mr. Dang Phuc Nguyen – General Secretary of Vietnam Fruit and Vegetable Association – said: This is a large consumption market of Vietnamese agricultural products but recently the consumption of this market decreased markedly.
Accordingly, exports to China reached only USD 1.43 billion, down 25.9% over the same period in 2019, as the country strengthened inspection, supervision, and made clearer and stricter regulations on origin, planting areas, packaging, labels.

Agricultural export turnover in the first 10 months of the year reached nearly USD 2.72 billion

In addition, fruit, and vegetable exports to Hong Kong (China) and the Netherlands also decreased by 2% and 3.7% and 3.7%, accordingly.

In contrast, fruit, and vegetable exports to the most demanding markets such as Korea, Taiwan (China), United States, Japan all increased.
The value of fruit and vegetable exports since the beginning of the year has decreased due to several declining items. In it, dragon fruit – the highest market share (with 36.4% of total export value) in the last 10 months reached more than 906.7 million USD (down 7.2%); bananas reached 138.2 million USD (accounting for 5.2 million USD 5%, down 11.7%); lemon reached $108.6 million (4.4%, down 2.4%); durian reached $94.6 million (3.8%, down 56.2%)…

Notably, Vietnam has participated in a series of new generation FTA such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Eu-Vietnam Free Trade Agreement (EVFTA)… but not all agricultural products take advantage of the opportunity, because most only crude exports.
It is forecasted that by the end of 2020, the prospects for fruit and vegetable exports will be positive due to the increase in Chinese import demand and the impact of the EU-Vietnam Free Trade Agreement.