There are positive signals for fruit and vegetable exports to reach a record turnover of 6 billion USD in 2023.
SPEED UP AT THE END OF 2023
According to the latest statistics of the General Department of Customs, in the first half of October (October 1-15), vegetables and fruits exports earned 349.52 million USD. This has helped the turnover from the beginning of the year to October 15 to 4.56 billion USD which is up 75.4% over the same period last year, equivalent to an increase of nearly 2 billion USD.
Fruit and Vegetable Exports Aim To A Record 6 Billion USD.
Since the beginning of the year, vegetables and fruits have had the most impressive growth among Vietnam’s key export groups.
Notably, in the last months of the year, fruit and vegetable exports continue to have a remarkable speed.
Specifically, in the last 3 months (July, August, and September), fruit and vegetable exports always maintained a result higher than the previous month. If it only reached 404.4 million USD in July, then in August, it reached 464 million USD, which was up by 14.8% compared to the previous month.
In particular, in September, fruit and vegetable exports reached 667 million USD, which was up 43.7% compared to last month. This is the highest export turnover in a month that the fruit and vegetable industry achieved so far (exceeding 662 million USD in June 2023).
As mentioned above, fruit and vegetable exports in the first half of October continued to grow impressively with a result of nearly 350 million USD. If this turnover is maintained in the second half of the month, a new record will be reached when the export turnover reaches 700 million USD for the first time.
The recovery in many major markets especially China has greatly contributed to the growth of vegetables and fruits.
After this neighboring country resumed normal import and export activities on the northern border from January 2023, Vietnam’s agricultural exports, including vegetables and fruits, to China grew impressively. At the end of September, the export turnover of vegetables and fruits to this market reached 2.7 billion USD, which was up to 160% over the same period last year and accounted for 65% of the total export turnover of vegetables and fruits of Vietnam.
Only in 9 months, the export turnover of vegetables and fruits to China exceeded about 1.2 billion USD compared to the result of the whole year 2022 of 1.52 billion USD.
The recovery in many major markets has greatly contributed to the growth of vegetables and fruits.
AIM TO A RECORD OF 6 BILLION USD
With the results achieved so far this year, the export turnover of vegetables and fruits has surpassed the record in 2018 of 3.81 billion USD, which was the highest in the history of this industry by 2022.
Certainly, fruit and vegetable exports in 2023 will exceed 5 billion USD as forecast by many experts in the middle of this year.
According to calculations, if the export turnover of vegetables and fruits maintained at 667 million USD in the last 3 months of the year as of September, this industry will reach the historical mark of 6.2 billion USD the whole year, up nearly 2.9 billion USD compared to the same period last year (equivalent to the growth rate of 84.52%).
This is possible because the demand for importing vegetables and fruits in the largest market, China, in the last months of the year often increases, especially for the products that are Vietnam’s strengths such as dragon fruit, watermelon, etc.
In addition, other key markets are growing well which has contributed to the overall results of fruit and vegetable exports in the past 9 months such as The Netherlands increased by 50%, reaching 118 million USD; Korea increased by 20%, reaching 188 million USD, etc.
According to Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, in the remaining months of 2023, while other countries in Southeast Asia run out of durians, Vietnam still has durian areas in the Central Highlands for harvest. This will be a great opportunity for the largest export item of the vegetable and fruit industry to increase its turnover in the coming time./.