Business

Veggie, fruit exports changing markets

Vegetable and fruit exports plunged 9.6 percent year-on-year to 508 million USD in the first two months of 2022 due to a sharp decrease in shipments to China, according to the General Department of Vietnam Customs.
Veggie, fruit exports changing markets ảnh 1Illustrative photo. (Source: VNA)
Hanoi (VNA) – Vegetable and fruit exports plunged9.6 percent year-on-year to 508 million USD in the first two months of 2022 dueto a sharp decrease in shipments to China, according to the General Departmentof Vietnam Customs.

Shipments to China, the Vietnam’s largest vegetable and fruitimporters for years, fell nearly 26 percent year-on-year to worth 261 millionUSD in January-February as a result of the neighbouring country’s stricter ruleson imported food, causing severe backlogs at shared borders in the north.

However, Vietnamese vegetables and fruits enjoyed strong growthin other major markets, such as the US (79 percent), the Republic of Korea (32percent), Japan (12 percent), Australia (45.7 percent), and the Netherlands(51.5 percent).

Many Vietnamese exporters are turning their eyes to EUmarkets where their products are entitled to the zero-percent tax rate from theEU-Vietnam Free Trade Agreement (EVFTA) and the markets are seeing increasingdemand for tropical vegetables and fruits.

Nguyen Dinh Tung, Vina T&T Group CEO, said his company hasbeen boosting exports of fresh and processed vegetables and fruits to the EU.The firm has come into contact with a large supermarket chain in France which looksfor regular supply overseas.

It provides more opportunities for the group to enter and expandits foothold in France as well as other EU nations, he said.

Last year, Vietnam exported 3.55 billion USD worth ofvegetables and fruits, up 8.6 percent from a year earlier. Of the figure, 1.9billion USD came from shipments to China, an increase of 3 percent./.
VNA
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