Fruit & vegetable exports reach $1.14 bln in Q1

Vietnam’s exports of fruit and vegetable in the first quarter of the year earned $1.14 billion, down 11.3% year-on-year, according to the Ministry of Agriculture and Environment.

In March alone, the export revenue reached $450 million.

China remains the biggest importer, accounting for 44.5% of the total export volume of fruit and vegetable in the three-month period. It was followed by the US and the Republic of Korea with a market share of 9.6% and 6%, respectively.

Meanwhile, the country imported fruit and vegetable worth nearly $578 million, up 17% compared to the same period last year, as a result of high demand for local consumption and processing.

A target of gaining $8 billion in fruit and vegetable exports has been set for this year.  

Last year, export value of fruit and vegetable reached over $7 billion.