Fruits and vegetable imported from Thailand approaching US$1 billion
Vietnam has imported fruits and vegetable from Thailand such as longans, mangosteens, durians, tamarinds and others worth US$857 million, up 109% compared to 2016, according to the Ministry of Industry & Trade (MoIT).
2017 marked Vietnam's largest spending in fruits and vegetables import at US$1.55 billion.
In 2017, Vietnam has spent over US$1.55 billion to import fruits including apples, oranges, kiwi, cherry, durian and others from Thailand, the US, New Zealand, stated the MoIT's Import - Export Department.
Consequently, 2017 marked Vietnam's largest spending in fruits and vegetables import at US$1.55 billion, increasing 67.2% compared to 2016.
The majority of imported fruits and vegetables is for domestic demands, while the remaining is for export to a third country.
In addition to popular fruits from Thailand, Vietnam mainly imported apples, oranges, kiwis, and cherries from New Zealand, Australia and the US; oranges, grapes, apples, mandarins, and pears from China.
Vietnam's trading partners for fruits and vegetables are from many countries in the world, but the majority is from the Asian region, informed the Ministry of Agricultural & Rural Development (MARD).
Thailand has overcome China to become the top exporter of fruits to Vietnam, with import turnover in 2017 reached US$857.1 million, up 109% over 2016.
The second largest export market to Vietnam was China, with US$294.6 million, up 34.3% year on year.
Vietnam also imported vegetables from the US with US$105.96 million, up 24.4%; Australia with US$68.2 million, up 61.4%; Myanmar with US$33.5 million, down 19.9%; New Zealand with US$21 million, up 41.6%; India with US$20.9 million, up 82.2%; Korea with US$15.5 million, up 63.2%; South Africa with US$13 million, up 24.5%.
Currently, there are 14 countries exporting fruits to Vietnam, including India (1), Argentina (4), Canada (2), Chile (4), Korea (3), the US (4), Mexico (1), South Africa (3), New Zealand (8), Peru (4), Philippines (!), Thailand (24), China (4) and Australia (38).
With the high growth rate of exporting fruits to Vietnam in recent years, Thailand is expected to exceed the US$1-billion mark in near future, stated MoIT.
The growth rate of the Vietnamese agricultural sector was set at 3%, while the targeted export value of agricultural products was US$40 billion, according to Prime Minister Nguyen Xuan Phuc's statement at MARD's January 4 meeting on the performance of the sector in 2017 and its plans for 2018.
In 2017, the agricultural sector has attained 7 significant results, including reaching an all-time record high export value of US$36 billion. In 2018, the sector set the growth target of 2.8-3%, with export value reaching US$37- US$38 billion
Related news
US workshop boosts Vietnamese agricultural export Total rice exports for the year reached 5.89 million tonnes, earning 2.66 billion USD, a year-on-year surge of 22.4 percent in volume and 23.2 percent in value.
The livestock sector is heavily influenced by CPTPP While a large number of exporters are motivated to boost exports, the livestock sector will face difficulty, even fight in the "domestic market".
Vietnamese farmers banking on pepper despite signs of oversupply Pepper prices have been falling rapidly but farmers continue to expand production as the spice is proving more profitable than other crops.