Fruit and vegetable trade surplus hit US$956 mil
(VOV) - Vietnam is estimated to earn nearly US$1.5 billion this year from exporting fruit and vegetables while spending only US$521 million on imports, according to the Vietnam Fruit and Vegetables Association.
The association said that in December alone, fruit and vegetable exports are predicted to hit US$120 million, bringing total export turnover of these products this year to US$1.477 billion, a sharp increase over last year’s figure of US$1.073 billion.
Meanwhile, imports reached an estimated US$42 million in December, bringing total import turnover of fruit and vegetables to US$521 million this year, a 28.5% increase from a year earlier. These positive results brought the fruit and vegetable sector a trade surplus of US$956 million this year.
China took the lead of Vietnam’s top ten fruit and vegetable importers in the first ten months of the year (26.43% of market share), followed by Japan (5.05%), the US (4.02%), the Republic of Korea (3.96%), the Netherlands (2.65%), Russia (2.53%), Taiwan (2.34%), Thailand (2.08%), Malaysia (2.06%) and Singapore (1.74%).