China spent 3.7 billion USD to buy, Vietnam will earn 7 billion USD by selling all kinds of fruits

With the attractiveness of the market, combined with the increasingly affirmed quality of many types of fruit, according to calculations by functional sectors, in 2024, Vietnam's fruit export turnover is forecast to increase by 25% compared to 2023, to more than 7 billion USD.

China is the largest fruit export market.

According to statistics from the General Department of Customs, in September 2024, China was Vietnam's largest fruit and vegetable consumption market with a turnover of 709.9 million USD, an increase of 20.1% compared to August 2024 and an increase of 44.5% compared to September 2023.

In the first 9 months of 2024, fruit exports to China reached 3.7 billion USD, up 37.8% over the same period last year, accounting for 67.2% of the total fruit and vegetable export turnover of the country.

Exports to the Thai market ranked second, reaching 38.8 million USD, down 5.3% compared to August 2024, but up 78.0% compared to September 2023; accumulated 9 months of 2024 reached 202.3 million USD, up 87.2% over the same period in 2023, accounting for 3.6%.

Purchasing durian at Tay Nguyen Durian Joint Stock Company (Sarita). Photo: Khanh Nguyen

In the first 9 months of 2024, fruit export turnover reached 5.6 billion USD, an increase of 33.9% over the same period in 2023. In 2024, fruit export turnover is forecast to increase by 25% compared to 2023, to more than 7 billion USD.

Fruit exports to the US ranked third with a turnover of 27.1 million USD, down 27.3% compared to August 2024, but up 29.1% compared to September 2023; the cumulative 9 months of 2024 reached 254.2 million USD, up 34.5% over the same period in 2023 and accounting for 4.5%.

Durian continued to be the most exported fruit in September 2024 with a turnover of 673.8 million USD, an increase of 24.9% compared to August 2024; in the first 9 months of 2024, the turnover reached 2.82 billion USD, an increase of 63.3% over the same period last year, accounting for more than 50% of the total export turnover of vegetables and fruits.

While the second largest export item, dragon fruit, is still on a downward trend, the turnover in September 2024 decreased by 4.4% compared to August 2024; in the first 9 months of 2024, it decreased by 19.8% compared to the same period in 2023, down to 391.6 million USD.

Except for dragon fruit, other major exported fruits and vegetables such as longan, coconut, mango, and jackfruit all increased significantly compared to the same period in 2023. In the whole year of 2024, fruit export turnover is forecast to increase by 25% compared to 2023, to more than 7 billion USD.

Frozen durian is a promising product. Photo: KN

There is still a lot of room, continue to expand the market

The Import-Export Department believes that Vietnamese fruits are increasingly asserting their position in markets such as the US, China, Korea, etc. In particular, Chinese consumers increasingly favor Vietnamese durian, banana, lychee, longan, jackfruit, mango, and watermelon, thanks to the quality and unique flavor of tropical fruits. However, Vietnamese fruits are facing considerable competition in the export market.

Typically, in the Chinese market, many of Vietnam's main fruits are facing competition as China rapidly expands its domestic cultivation area. Therefore, the fruit and vegetable industry needs to create and bring the real values ​​of Vietnamese fruits to Chinese consumers.

Product quality, distinctive flavors, and food safety are the core values ​​that need to be focused on developing and maintaining. When Chinese consumers are aware of these values, they will become sustainable customers, creating a solid foundation for the long-term development of the Vietnamese fruit industry.

Mr. Nguyen Quang Hieu - Deputy Director of the Plant Protection Department (Ministry of Agriculture and Rural Development) commented: Vietnamese fruits have great potential in the Chinese market. Our strengths are the quality and unique flavors of tropical fruits, grown in the specific climate and soil conditions of Vietnam. Many types of fruits such as durian, mango, dragon fruit, lychee, longan, banana... have long been favored by Chinese consumers.

"However, we need to overcome the weaknesses of uneven quality as well as unstable output to meet the needs of large importers and distributors in China. We need to promote official commercial exports for sustainable development and to increase export value," Mr. Nguyen Quang Hieu recommended.

Regarding future potential, Mr. Hieu said that with the current growth trend and increasing consumption demand of the Chinese market, industry experts have predicted that Vietnamese fruits and vegetables have the potential to reach the export milestone of 10 billion USD by 2030. This growth is supported by the expansion of the list of fruits allowed to be officially exported to China, as well as the development of processed products such as frozen and dried durian. It is forecasted that by 2030, the total export turnover of fruits and vegetables could reach the milestone of 15 billion USD.

Source: https://danviet.vn/trung-quoc-da-chi-37-ty-usd-de-mua-viet-nam-se-thu-7-ty-usd-nho-ban-du-loai-trai-cay-202411141824363.htm