Fruit and vegetable exports drop 5.8 per cent in eight-month period
In August alone, the country exported US$246 million worth of fruit and vegetables.
China ranked first in terms of importing Vietnamese fruit and vegetables during the first seven months of the year with a 70.5 per cent market share. This was followed by the United States (3.6 per cent), the Republic of Korea (3.3 per cent), and Japan (3.1 per cent).
Strong growth was also seen in Lao market with a 2.84-fold increase, Hong (China) Kong with a 2.37-fold rise, Chinese Taiwan (up 44 per cent), the Netherlands (up 37.9 per cent), Australia (up 33.9 per cent), and Japan (up 25.9 per cent).
In contrast to exports, the nation spent approximately US$134 million importing fruit and vegetables in August, bringing the total import value for the reviewed period to US$1.28 billion, a year-on-year rise of 11.5 per cent.
Thailand and China were the two largest importers of domestic fruit and vegetables during the seven-month period with respective market shares of 36.2 per cent and 23.5 per cent.
During the remaining months of the year, fruit and vegetable exports are predicted to face a number of challenges caused by global economic fluctuations, the escalating US-China trade tensions, and concerns regarding trade and investment activities.
In addition to these difficulties, several markets have tightened their requirements on food safety and environmental protection. The European Commission has also stiffened regulations on pesticide residues used in agricultural imports while other markets have issued regulations on the rule of origin, phytosanitary certificates, and the packaging and transport procedures.
Related News
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country
14:58 | 10/05/2024 Import-Export
Customs collects nearly VND35,000 billion within one month
15:42 | 08/05/2024 Customs
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Latest News
The new race in developing green and smart industrial parks
10:07 | 11/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Take advantage of opportunities from American "eagles"
14:59 | 10/05/2024 Import-Export
Strong recovery seen in industrial production in four months
14:52 | 10/05/2024 Import-Export
More News
"The key" to promote growth for businesses
10:23 | 10/05/2024 Import-Export
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
Vietnam remains attractive destinations for Japanese IT firms
15:42 | 08/05/2024 Import-Export
Pepper exports decrease in volume, increase in value
15:38 | 08/05/2024 Import-Export
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export
Import turnover increases by US$13.5 billion
09:30 | 08/05/2024 Import-Export
Green production, trade will help wood industry increase export: Viforest
14:30 | 07/05/2024 Import-Export
Hanoi attracts over 1.1 billion USD in FDI in four months
14:28 | 07/05/2024 Import-Export
FDI flows strongly into manufacturing, real estate
14:26 | 07/05/2024 Import-Export
Your care
The new race in developing green and smart industrial parks
10:07 | 11/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Take advantage of opportunities from American "eagles"
14:59 | 10/05/2024 Import-Export
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country
14:58 | 10/05/2024 Import-Export
Strong recovery seen in industrial production in four months
14:52 | 10/05/2024 Import-Export