Vietnam is projected to earn US$3.1 billion in vegetable and fruit exports in the first nine months of the year, a year-on-year surge of 17.1%.
Currently, China is the largest market of Vietnam’s fruits and vegetables, accounting for 74% of the total market share. Vietnam shipped nearly US$2 billion worth of fruits and vegetables to the neighbouring country during January-August, up 11.6% from the same period last year.
Strong growth was seen in the exports to Thailand (38%), Australia (36%), the US (26.3%), and the Republic of Korea (21.4%).
The department also said that Vietnam splashed out US$1.3 billion purchasing fruits and vegetables from foreign countries in the nine-month period, increasing 12.7% year on year. Of the total, US$330 million was spent on vegetable imports, and US$911 million for fruit imports, up 36% and 0.8% from the same time last year, respectively.
Most of the imports came from Thailand (45%) and China (22%).