In the first seven months of 2024, Vietnam’s fruit and vegetable exports surpassed $3.8 billion, reflecting a 23.4% increase compared to the previous year. July alone saw an 18% rise in export value, reaching $477 million. The Vietnam Fruit and Vegetable Association attributes this growth to rising market demand and improved adherence to international quality standards.
In tandem, Vietnam’s fruit imports rose notably, totaling over $1.2 billion in the same period, a 12.7% increase year-on-year. Most imports, sourced from China, the US, and Australia, included temperate fruits such as apples, pears, and grapes, addressing domestic shortages and supplementing limited local supplies.
Export trends reveal a strong focus on Northeast Asia, with China and South Korea as major destinations. China accounted for 64% of the total export value, or $2.1 billion, marking a 22% increase from the previous year. South Korea’s imports, mainly dragon fruits, mangoes, and grapefruits, surged 57.9% to $164 million. The US also demonstrated robust growth, with imports increasing by 32.4% to approximately $157 million.
The coconut industry in Vietnam is also gaining attention, with ongoing negotiations to establish quarantine requirements for fresh coconut exports to China. This sector holds significant potential due to the substantial demand for both fresh and processed coconuts, offering promising opportunities for boosting Vietnam’s export revenue.