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Vietnam trade surplus of vegetable and fruits reached 1.6 billion USD
Ngoc Thuy 11:25, 2017/11/22
According to the Vietnam Customs, trade value of Vietnam’s vegetable and fruits in October reached 240 million USD, taking the trade value of these goods in first 10 months to 2.86 billion USD, up 42.6% compared to the same period of last year.
These kind of goods also experienced the biggest growing rate among Vietnam’s goods in this year. Notably, fruits and vegetables trade value has exceeded Vietnam’s strategic goods such as rice, crude oil and coalmine to become one of the billion USD exporting goods of Vietnam. As such, China is one of the top import market of Vietnam for the first 10 months with 2.17 billion USD, up 52.7% compared to the same period of last year and contributing to 75.9% of trade value for Vietnam’s fruits and vegetable. 


After China, Vietnam’s fruits and vegetable have increased exporting to markets of developed countries such as Japan and the U.S. Specifically, for the same period of last year, trade value to Japan was 104 million USD, up 67.7% compared to last year; trade value to the U.S reached 84 million USD, up 23.2% compared to last year. Other markets such as England, Korea, Netherlands, UAE, Malaysia have also increased importing fruits and vegetables from Vietnam. With this being said, it is expected that the trade value of Vietnam can reach 3 billion USD by the end of this year. 

On the contrary, according to statistics, Vietnam’s import of fruits and vegetable in October reached 120 million USD, taking the import value of fruits and vegetable to Vietnam in the first 10 months to 1.274 billion USD, up 92.7% compared to the same period of last year. Therefore, Vietnam has a trade surplus of 1.586 billion USD for fruits and vegetables. 

Opportunity for Vietnam’s fruits and vegetable to countinue its growing export trend is thanks to a numerous Vietnamese fruits have been qualified to import to major markets, such as dragon fruit, rambutan, longan and lychee to the U.S; lychee and mango to Australia; mango and dragon fruit to Japan, Korea and New Zealand. Therefore, it is expected that by 2020, fruits and vegetables can join the list of 10 billion USD export goods, and becomes one of the main export goods of Vietnam. 

In order to export fruits and vegetables sustainably, experts recommendatd that the main factor is to improve product quality and trade facilitation. Especially to timely update information with regard to demand and standard requirement for each market. If Vietnam cannot maintain the consistency in product quality, it will be difficult to keep foothold in these major markets. 

It is estimated that in 2018, Vietnam’s export of fruits and vegetables will exceed the highest recorded value of rice export of 3.67 billion USD in 2012, and before 2025 will reach 10 billion USD per year, which is equivalent to the highest recorded value of crude oil export of 10.4 billion USD in 2008.

These statistics show a high demand for fruits and vegetables in international markets, for which Vietnam still have high potential for development and opening new doors for farmers in highlands and rural areas to increase income. It is also part of the government’s effort, as high value agricultural production is aimed to help farmers in these areas to improve living standard. 
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