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Fruit and vegetable exports forecast to bring home over 5.5 billion USD in 2023

Fruit and vegetable exports have hit a new record and are forecast to bring home over 5.5 billion USD in 2023.

Durian predicted to hit the export target of 1.5 billion USD this October
Durian predicted to hit the export target of 1.5 billion USD this October

According to the Ministry of Agriculture and Rural Development, Vietnam posted 4.2 billion USD in fruit and vegetable exports during the first nine months, surging nearly 72% year on year and breaking the record of 3.81 billion in 2018.

Meanwhile, the Vietnam Vegetable and Fruit Association (VINAFRUIT) estimated nine-month imports at about 1.46 billion USD, falling 0.1%.

The biggest importers of Vietnam's fruits and vegetables are China, the US, the Republic of Korea (RoK), Japan, and the Netherlands. Among them, only shipments to the US dropped slightly but rose sharply in the others.

Exports to China surpassed 2.26 billion USD, jumping 134% from a year earlier. This market was followed by the Netherlands (up 50%), the RoK (18%), and Japan (6%). Statistics show that China also topped foreign buyers of Vietnamese fruits and vegetables, accounting for almost 64%, followed by the US, the RoK, Japan, and the Netherlands.

Notably, durian continued to enjoy strong export growth. It generated more than 1.28 billion USD in export value during January - August, shooting up 700% from the same period last year.

The surge was attributable to the export via the official channel to China, which imported nearly 1.15 billion USD of durian, mainly fresh ones, during the period. Thanks to that, this fruit is predicted to hit the target of 1.5 billion USD this October.

In addition, other fruits also posted good growth in foreign earnings such as jackfruit, mango, lychee, watermelon, pomelo, and longan.

A slight decrease was seen in dragon fruit exports, to nearly 450 million USD, due to a plunge in the shipments to China and the US.

However, VINAFRUIT is looking forward to a rebound in dragon fruit revenue since China usually has a high demand for this fruit by the year’s end.

With the US’s recent licensing of Vietnamese coconut and the negotiation on the official export of coconut to China, this fruit is also hoped to quickly become a billion-USD commodity in the coming time.

All those factors are expected to help further raise fruit and vegetable exports in the time ahead.



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