In 2023, Vietnam has overtaken Chile, becoming the second-largest exporter of fruits and vegetables to China, largely propelled by an increase in durian exports. China's imports in this sector reached over US$24.4 billion, with Thailand leading at $8.6 billion, despite a slight decline. Vietnam's exports to China surged to $3.4 billion, boosting its market share from 8% to 14%, surpassing Chile's long-held position.
According to Dang Phuc Nguyen, the general secretary of the Vietnam Fruit and Vegetable Association, the growth is attributed not only to durian exports but also to China's heightened demand for Vietnam's processed fruits and vegetables. The anticipated official exports of frozen durian, avocado, and coconut are expected to further increase Vietnam's export figures. Vietnam's competitive advantages include cost-effectiveness and shorter shipping times compared to its competitors. The country's total exports in this category for 2023 amounted to $5.6 billion, marking an 80% increase from the previous year, with China accounting for 60% of the total exports.
The export market for Vietnamese processed fruits and vegetables has witnessed a notable increase this year, with significant growth in shipments to China, South Korea, and the U.S. The surge in global demand is highlighted by industry insiders, including Nguyen Van Thu of GC Food, who reported a 10% increase in export revenues. Similarly, Westfood's Nguyen Thi Thanh Ha noted a nearly 50% rise in exports, with substantial growth in markets such as Europe, America, Australia, and New Zealand. The U.S. market, in particular, saw a sevenfold increase in canned product exports.
Source: e.vnexpress.net