Earnings from vegetable and fruit exports in the first seven months of the year are estimated at 2.3 billion USD. (Photo: VNA) Hanoi (VNA) – Earnings from vegetable and fruit exports in the firstseven months of the year are estimated at 2.3 billion USD, a year-on-year surgeof 12.6 percent, according to the Ministry of Agriculture and RuralDevelopment’s Processing and Market Development Authority (AgroTrade).
China remained the biggest export market of Vietnam in the first half of 2018,accounting for 74 percent of the total vegetable and fruit exports. Vietnam’svegetable and fruit exports to China reached 1.47 billion USD, up 18 percentyear on year.
Meanwhile, strong export growth was recordedin Thailand (37.6 percent), the Republic of Korea (16.7 percent), and the US(15.9 percent).
AgroTrade said that export of dragon fruits have faced difficulties as China isexpanding cultivating areas for this kind of fruit.
Meanwhile, the shipment of other fruits and vegetables is forecast to facechallenges in the remaining months of this year due to impacts of the rainyseason, and the US-China trade war.
Furthermore, China is seeking new export markets, and promoting domesticconsumption, thus reducing demand for imports.
However, Vietnamese vegetables and fruits will have new destinations thanks tomany free trade agreements which help unlock potential markets for Vietnameseproducts. Businesses should enhance production in value chain to ensure goodquality for exports.
During the January-July period, Vietnamsplashed out 892 million USD on purchasing vegetables and fruits from foreigncountries, an increase of 4.4 percent from the same time last year.-VNA
VNA
