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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Vietnam's fruit, veg export value increased in H1

Thursday, July 07, 2016 > 10:15:15
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Vietnam News

The value of Vietnam's fruit and vegetable exports increased by 33 per cent year-on-year to reach US$1.17 billion for the first half of 2016, officials said. This was mainly due to higher demand in China’s market, said the Vietnam Fruit and Vegetables Association. As of the end of June 2016, Vietnam had earned some 42 million U.S. dollars from exporting litchi to China.

According to the General Department of Customs, China was the largest export market for Vietnam’s fruit and vegetables, accounting for 70 per cent of the national export volume of these products in the first five months of the year.

Statistics by Bac Giang's department of trade and industry showed that as of the end of June, Vietnam has exported over 62,863 tons of litchi to China.

According to Vietnam's Ministry of Industry and Trade (MoIT), this year, China remained the largest consumer of Vietnamese litchi.

In mid-June, Vietnamese Prime Minister Nguyen Xuan Phuc approved the extension of opening hours of the customs clearance section in the country's northern border gate to boost litchi exports to China.

Meanwhile, the Plant Protection Department under Vietnam's Ministry of Agriculture and Rural Development exempted phytosanitary fees for exported fresh litchi batches by air from June 23.

According to the vice chairman of Lang Son people's committee, in addition to litchi, each day, there are over 100 trucks of dragon fruit, watermelon, and banana from Vietnam's central provinces to be exported to China via the province's border gate.

The total export value of local fruit and vegetable products reached year-on-year growth of 80 per cent, touching $692 million in the first five months, the customs department said.

The United States was the largest export market for local fruit, with a year-on-year increase in export value of 62 per cent to reach $37 million.

South Korea was the third-largest export market, with year-on-year growth of 25.7 per cent to reach $35.4 million.

In the first half of this year, Vietnam exported 4,608 tonnes of fresh fruit to fiercely competitive markets such as the United States, Japan, South Korea, New Zealand and Australia, of which 72 per cent was dragon fruit.

In the future, dragon fruit exports are expected to increase even further because such exports from Vietnam to Taiwan will recover after the latter’s block on fruit imports is lifted. Taiwan plans to import 14,000-16,000 tonnes of dragon fruit per year.

Vietnam expects to make $2 billion on fruit and vegetable exports this year because the nation may enter three more competitive markets, Japan, the European Union and the United States, according to the association.

Last year, Vietnam’s fruit and vegetable export value reached $1.8 billion, 23.7 per cent higher than 2014, making it one of the top five farming export products in Vietnam, alongside rice, coffee, cashew nuts and rubber.


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