Fruit and vegetable exports bring in over US$400 million in January
VOV.VN - Vietnam’s fruit and vegetable sector raked in US$416.528 million from exports in January, down 11.3% compared to the previous month and down 5.2% compared to the same period last year.
Meanwhile, its import turnover reached US$284.530 million, down 6.6% month on month but up 31.4% year on year, reported the Vietnam Fruit and Vegetable Association (Vinafruit). As a result, the sector racked up a trade surplus of about US$131.998 million in January.
Last year, Vietnam's fruit and vegetable exports hit a record high of approximately US$7.15 billion, up 27.6% compared to 2023.
Experts attributed the impressive growth to fully tapping into key and emerging export markets, improving product quality, meeting stringent market standards, and especially leveraging incentives brought by free trade agreements.
Statistics indicate that fruit and vegetable exports to China reached over US$4.63 billion, up 27.3% while exports to the United States, the Republic of Korea, Thailand, Japan and Taiwan (China) and Australia also increased by 39.8%, 39.6%, 73.7%, 15.3% and 10.9%, and 25.9% respectively.
Industry insiders analyze that there are bright prospects for the Vietnamese fruit and vegetable sector this year due to the rising global demand.
According to the newswire https://www.statista.com, total revenue in the global fresh fruit market will reach US$778.4 billion this year with the average annual growth rate for the period 2025 - 2029 expected to be 6.22%.
In addition, the sector has affirmed its position in the world market thanks to improved quality. At present, the country’s fruit and vegetable market share in traditional export markets such as the United States, Japan, the Republic of Korea, EU, Australia have increasingly expanded.
These favourable factors are expected to provide a solid foundation for achieving the export target of US$8 billion this year.
However, the sector is anticipated to encounter challenges such as the US-China trade war, geopolitical conflicts in some countries and China’s tightened inspection of Basic Yellow 2 (BY2) residues in durian batches exported from other countries to this market, including Vietnam, says Vinafruit General Secretary Dang Phuc Nguyen.
Tight collaboration between farmers, cooperatives, and businesses will be a key factor in improving product quality and adding value, which will help strengthen the position of Vietnam's fruits and vegetables in the global market.
