Vietnam fruit & veg exports set for record $7 bln in 2024

Vietnam's fruit and vegetable exports surged to $760 million in October, pushing the total export value in the first ten months of the year to $6.4 billion.

The ten-month figure surpasses the record $5.7 billion achieved in 2023 as a whole, according to the Vietnam Fruit and Vegetable Association.

The Ministry of Agriculture and Rural Development has set a target of $6-6.5 billion for fruit and vegetable exports in 2024. With a 31.5% increase in exports during the first 10 months compared to the same period last year, the industry has already surpassed the $6 billion mark and is on track to set new records in the remaining two months.

As a result,  the industry has achieved its target two months ahead of schedule and is expected to reach $7 billion.

“With the impressive growth achieved in the past 10 months, fruit and vegetable exports in 2024 are sure to set a record of $7 billion, and may even exceed expectations with a figure of $7.5 billion,” said Mr. Dang Phuc Nguyen, Secretary General of the Vietnam Fruit and Vegetable Association.

China remains the largest market for Vietnamese fruit and vegetables, accounting for 47% of total exports, with a value of $4.2 billion in the first 10 months of 2024. Thailand has emerged as the second-largest market, surpassing the United States.

Other key markets include South Korea, Japan, Germany, and Canada, all of which have experienced double-digit growth in Vietnamese fruit and vegetable imports.

Durian continues to be the top export product, contributing nearly 50% of the total export value. Other important products include bananas, mangoes, dragon fruit, and processed fruit and vegetable products.