Five items post export value of over 10 billion USD
In the first eight months of this year, five export items of Vietnam posted a turnover of more than 10 billion USD, accounting for 58.4% of Vietnam’s total.
Five commodities posted an export value of more than 10 billion USD in the first seven months of this year, making up 57.6% of Vietnam’s total exports.
High costs, a shortage of warehousing space, and a lack of uniform infrastructure have made logistics a barrier for agricultural exports, though Vietnamese fruit and vegetables have found favour among consumers around the world.
Tra fish exports have been struggling this year, however, according to the Vietnam Association of Seafood Exporters and Processors (VASEP), several of the country’s smaller markets are posting healthy growth.
Vietnam earned more than 3.4 billion USD from exporting fruit and vegetables in the first eight months of 2023, a nearly 60% increase year-on-year. With such high growth, exports may hit the 5 billion USD mark for the year as a whole.