Fruit and vegetable exports in 2023 can reach over 5 billion USD

Favorable signals about the market, about new, high-value export products, more organized and professional production… are the foundation for fruit and vegetable exports to accelerate and possibly reach the 5 – 5,3 billion USD in 2023.

China increases imports of Vietnamese fruits and vegetables.

Vegetables and fruits are one of the very few commodity groups with export growth in the first half of 2023, not only that, but also achieved a record increase of 60.1% over the same period last year.

In the first six months of 2023, vegetables and fruits brought in 2.7 billion USD, of which, nearly 1.8 billion USD were exported to China.

June is the second consecutive month to record a strong growth rate of export vegetables and fruits, with a turnover of 662 million USD, far exceeding the figure of 560 million USD in May 2023. This growth was achieved mainly thanks to the increased purchasing power of the Chinese market.

According to the Vietnam Fruit and Vegetable Association, one of the growth drivers of the export fruit and vegetable industry is durian. Since the beginning of the year, durian exports have increased dramatically. In the first 6 months of the year, durian exports reached about 850 million USD, double the whole year of 2022, of which, 90% were exported to China. It is expected that in 2023, the country’s durian export will reach 1.2-1.5 billion USD

This is a very positive result from Vietnam signing the Protocol to officially export durian to China in July 2022. By the end of 2022, durian contributed nearly 430 million USD to the total export turnover of the country. and is forecast to bring impressive results in 2023, with a turnover of over billion USD, when China continuously approves the number of planting areas and durian packing facilities for Vietnam. Currently, Vietnam has 293 growing areas and 115 packing facilities that have been granted official export codes by China.

Besides, other fruits of Vietnam are also “busy” exported to China, due to high import demand in this market.

Many types of Vietnamese fruits are entering the harvest season and have the characteristics of spreading the crop, so the fruit and vegetable industry is assessed to have a lot of room for export. In which, breast milk, rambutan can almost be supplied all year round according to orders of enterprises, export prices are also better than last year.

In addition to the Chinese market, vegetables and fruits exported to South Korea, the Netherlands, and the United Arab Emirates (UAE) also recorded high growth rates in the first half of 2023.

Growth prospects

At the current rate, it is forecasted that fruit and vegetable exports in the second half of 2023 will grow positively, especially during the festive season, when demand increases sharply in markets.

According to estimates of the General Department of Customs, as of July 15, vegetables and fruits brought in more than 3 billion USD and by the end of July, the ability to surpass the result of 3.3 billion USD of the whole year 2022 is complete. fully feasible. It is forecasted that fruit and vegetable exports can reach USD 5 – 5.3 billion in 2023.

One of the main bases of this forecast is that the protocols signed with China in 2022 help Vietnam’s fruit and vegetable export activities have many advantages. In 2023, although China strictly controls technical barriers, food safety and hygiene, but Vietnam’s vegetables and fruits have increasingly high quality and competitive prices, so they are favored by Chinese consumers.

The prospect of increasing exports to this market continues to be bright. According to the plan, in August 2023, the General Department of Customs of China will conduct a field inspection of Vietnamese fresh coconuts to consider allowing the official export of this item to China through the signing of an export protocol. export.

Recently, Vietnam and China have signed many export protocols for agricultural products, including: bird’s nest, durian, sweet potato, banana, black jelly, mangosteen… As a result, export activities Vietnam’s agricultural exports to China have many advantages

For example, thanks to the signing of the protocol with China, standardizing the entire production process, ensuring the management of the planting area codes, packing facilities, etc., in a very short time, sadly Vietnam alone has accelerated exports to this market.

Banana products are also very positive thanks to the protocol signed with China in November 2022, which is expected to increase banana export turnover by hundreds of millions of dollars this year. If including the increased demand for importing Vietnamese bananas from Japan, Korea, the Middle East, etc., in 2023, banana exports could bring in a revenue of 700-800 million USD.