Vietnam’s fruit, vegetable exports up 33.4% in Q1
Vietnam gained US$934 million from fruit and vegetable exports in the first quarter of 2018, up 33.4 percent from the same period last year with China, Japan and the United States remaining top importers.
According to the Ministry of Agriculture and Rural Development (MARD), the country exported US$284 million worth of fruits and vegetables in March while its imports amounted to US$92 million.
The imports of fruits and vegetable in January-March saw a year-on-year surge of 47.7%, which mostly came from Thailand and China.
Farmers in the Central Highlands province of Lam Dong and Northern provinces suffered a severe crisis as retail prices of vegetables plunged during March. The hardest-hit were radish and kohlrabi, whose price went down to only VND1,000 – 1,200 per kg due to oversupply.
Onion was fetched at VND3,000 per kg, a 4-fold decrease from the pre-Tet (Vietnam Lunar New Year) holiday time, while prices of carrot and cabbage dropped from VND25,900 and VND11,500 per kg to VND20,900 and VND9,500 per kg, respectively.
In 2018, the sector will focus on developing processing facilities for agricultural, forestry and seafood products, particularly vegetables, pork and chicken, serving both domestic and overseas markets, said Tran Van Cong, deputy head of the MARD’s Agro Processing and Market Development Authority.
The country’s fruit and vegetable exports reached a record US$3.5 billion for year-on-year growth of 43.02% last year.
The top 10 markets were China (75.6%), Japan (3.64%), the United States (2.94%), the Republic of Korea (2.59%), the Netherlands (1.81%), Malaysia (1.43%), Taiwan (1.33%), Thailand (1.03%), the United Arab Emirates (1.01%) and Russia (0.85%). Other markets accounted for 7.77%.
In addition to the traditional markets, Vietnamese fruits also managed to enter tough markets like the United States, the European Union, Japan, Canada, Australia and New Zealand.