The US continues to consume large amounts of Vietnamese agricultural products

NDO – According to the Ministry of Agriculture and Rural Development, in the first quarter of 2024, the US is still Vietnam’s second largest agricultural, forestry and fishery export market, after China. The export value of agriculture, forestry and fishery products to the US in the first 3 months of 2024 accounts for 19.9% of total export turnover, up 28.3% over the same period in 2023.

According to statistics from the US Department of Agriculture (USDA), the US demand for fruit imports is increasing, including increased imports from Vietnam. Specifically, US imports of mangoes of all kinds in the period 2019-2023 will grow by an average of 8.1% in value. In 2023, US imports of mangoes of all kinds will reach 746.4 thousand tons, worth 1.11 billion USD. Vietnam is the 13th largest mango supply market for the US. Although still accounting for a low proportion, the amount of mangoes imported from Vietnam by the US will increase sharply in both volume and value in 2023.

The average price of imported mangoes from Vietnam reached 3,189.9 USD/ton, up 26% compared to 2022. The US imports from Vietnam mainly frozen and fresh mangoes. Of which, in 2023, frozen mango imports will reach 643 tons, worth 988,000 USD, an increase of 84.7% in volume and an increase of 82.9% in value compared to 2022; Fresh mango imports reached 500 tons, worth 1.4 million USD, up 16.7% in volume and 38.2% in value.

In addition to fruit, the US is currently the leading importer of pangasius fish from Vietnam. Cumulative pangasius exports to this market in the first 2 months of this year reached 34 million USD, up 25% over the same period in 2023. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), seafood exports Vietnam’s 2024 seafood products may benefit from the US Government’s tightening ban on imports of seafood originating from Russia, including salmon, cod, pollock and crab. Meanwhile, in the US market, Vietnamese pangasius is considered a substitute for pollock. These are good signs for Vietnamese pangasius exports to the US market in the near future.

Meanwhile, Vietnamese shrimp exports to the US in the first 2 months of 2024 reached 72 million USD, up 26% over the same period in 2023. The average price of Vietnamese shrimp exports to the US after hitting bottom in November/ 2023, there has been an upward trend in the first months of this year.

Ms. Phung Thi Kim Thu – Shrimp market expert (VASEP) said: US fresh and frozen seafood sales are forecast to stabilize in 2024, after facing many difficulties in 2023 due to inflation. , people tighten their spending. Compared to some of the main shrimp suppliers in the US, which are India, Ecuador, and China, Vietnam is considered more promising, especially in the context that the US also has a policy of increasing purchases from many different countries. Reduce over-reliance on China.