Vietnam garnered 2.5 billion USD from exporting fruit and vegetable in the first nine months of 2020. This amounts to a year-on-year drop of 11 percent, according to the Import-Export Department under the Ministry of Industry and Trade. The department reported that in August, the export revenue of the sector was contributed by exports of various kinds of fruits, including dragon fruit, mango, banana, coconut, jackfruit, durian, passion fruit, and longan.
The enforcement of the EU-Vietnam Free Trade Agreement (EVFTA) is anticipated to enhance the competitive edge of local firms in comparison to regional rivals such as Thailand, the Philippines, and Malaysia, or South American countries with similar weather conditions such as Peru and Ecuador.
During the reviewed period, Thailand also imported 129,000 tonnes of fresh coconuts worth 50.4 million USD from Vietnam, marking an annual rise of 377.7 percent in volume and 781.3 percent in value.
Vietnam is Asia’s fifth largest producer of fruits and vegetables with its products available in more than 60 countries worldwide. Data from the Ministry of Industry and Trade revealed that Vietnam’s shipments of fruits and vegetables to the EU stood at 2.26 billion USD in the first eight months of this year, a decrease of 11.3 percent from a year earlier, due to COVID-19.