Honey exports gross US$41 million over nine-month period

This information was unveiled during a meeting on building the value chain of the livestock industry held on October 27 by the Ministry of Agriculture and Rural Development.

During the meeting , Dinh Quyet Tam, chairman of the Vietnam Beekeeping Association, said that although the US Department of Commerce (DOC) had imposed an anti-dumping tax of between 58.74% and 61.27% on Vietnamese honey, the country exported 11,000 tonnes of honey to the US market during the reviewed period, accounting for 44.5% of the country’s total export market share.

Furthermore, honey exports to the EU market reached 6,600 tonnes, making up between 27% and 28%, while exports to the UK market hit 2,129 tonnes, accounting for 9%. Exports to markets such as Taiwan (China), Thailand, Indonesia, and Japan made up 19%.

The US remains the major consumer of Vietnamese honey despite being subject to an anti-dumping tax of about 60%. In fact, this important market consumes nearly 90% of Vietnamese honey production, while 90% of the output of the local honey industry is specifically for exports.

Tam went on to reveal that the US will conduct a periodical investigation around March and April next year, hoping that the anti-dumping tax rate will continue to decrease, thereby promoting local honey exports to the fasdious market moving forward

Despite facing numerous difficulties in terms of export markets, Tam emphasized that the US market's demand for Vietnamese honey remains huge, adding that from now until the end of the year, the US is likely to import approximately 15,000 tonnes of honey from the Southeast Asian nation.

At present, local honey products have made inroads into several demanding markets, including the US, the EU, Japan, and the Republic of Korea.