Fruit, vegetable exports hit US$831 million in first quarter
|
The downward trend can be attributed to a sharp decline in export shipments to China, with the outbreak of the novel coronavirus (COVID-19) greatly impacting trade with the country’s biggest buyer.
Ministry of Industry and Trade statistics show fruit and vegetable exports to China during the year’s first two months raked in US$300.3 million, representing a year-on-year decline of 29.4% due to the impact of the COVID-19.
Despite exports to the northern neighbour falling, the country’s fruit and vegetable exports to other markets such as Thailand, the Republic of Korea, Laos, Taiwan (China), and Russia increased significantly by 365.8%, 270.4%, 112.4%, and 246.1%, respectively, throughout the reviewed period.
With the export of fruit and vegetables to China bouncing back in early March, the prospect of exporting to other markets appeared gloomy due to the COVID-19 pandemic spreading to major markets globally such as Europe, the United States, and Japan.
Within the context of the unpredictable developments of the COVID-19, it is anticipated that processed products will be consumed more. Consequently, the Ministry of Trade and Industry has advised fruit and vegetable processors to prepare sufficient sources of material supply to boost exports after consumer markets recover from the pandemic.
With regard to the Chinese market, locals firms have been advised to restrict exports via unofficial channels as a result of the complicated nature of the COVID-19 epidemic, while also seeking to negotiate with partners to export via official routes.
Domestic enterprises should therefore also be proactive in taking steps such as changing stamps on traceability and ensuring food safety when exporting their products to this market in the future.
Related News
Hai Phong Customs collects more than VND6,200 billion in April
10:08 | 11/05/2024 Customs
Open credit flow to support import and export
09:30 | 08/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Latest News
Responding to the market, export enterprises are willing to spend more on "green practices"
17:52 | 11/05/2024 Import-Export
Cai Mep port authorised to receive super container ships
17:51 | 11/05/2024 Import-Export
The new race in developing green and smart industrial parks
10:07 | 11/05/2024 Import-Export
Take advantage of opportunities from American "eagles"
14:59 | 10/05/2024 Import-Export
More News
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
"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
“Hopeful stars" for businesses on the new journey
09:51 | 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
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
Your care
Responding to the market, export enterprises are willing to spend more on "green practices"
17:52 | 11/05/2024 Import-Export
Cai Mep port authorised to receive super container ships
17:51 | 11/05/2024 Import-Export
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