11:27 | 07/04/2016 Trade
Exports of vegetables and fruits over the first three months of the year have brought in US$526 million, a 41% year-on-year rise, said the Ministry of Agriculture and Rural Development (MARD).
China remains the biggest importer of vegetables and fruits, accounting for 71% of the total volume
China remains the biggest importer of vegetables and fruits, accounting for 71% of the total volume.
Meanwhile, Vietnam spent approximately US$153 million on imported vegetables and fruits, a 39% year-on-year increase, in which Thailand was the biggest provider and earned nearly US$41 million.
In the first two months of the year, China imported fruits and vegetables from Vietnam worth over US$236 million.
According to a representative from the MARD, though Vietnam’s produce has penetrated such highly-desirable markets as Japan, the Republic of Korea and the US, it is still difficult to find export markets to replace the major market of China.
Last year, exports of vegetables and fruits brought in US$1.8 billion, a 23.7% year-on-year rise, making produce one of top five major agricultural products of Vietnam together with rice, coffee, cashew nuts and rubber.
However, the country’s exports of vegetables and fruits accounted for merely 0.75% of the world market and 3.7% of the market of the Trans-Pacific Partnership member countries./.