Fruit and vegetable exports to China skyrocket in October

October witnessed the country rake in US$309.7 million from fruit and vegetable exports, thereby representing a rise of 22.9% compared to the previous year and an increase of 28.1% against October, 2021.

During the past 10 months of the year, the export value of fruit and vegetables  reached US$2.75 billion, a decline of 8% against the same period from last year.

Furthermore, fruit and vegetable exports enjoyed strong exports in October, especially to China, duly bringing exports to the Chinese market over the 10-month period to US$1.2 billion, down 25.8% on-year.

Most notably, there is positive outlook ahead for the export of fruit and vegetables to the Chinese market, particularly as local durians have been exported through official channels to China since September.

Moreover, there are a wealth of opportunities ahead for the export of local bananas to China moving forward, particularly as both China and Vietnam have recently signed a protocol relating to exporting fresh bananas.

Meanwhile, fruit and vegetable exports throughout the reviewed period to other foreign markets such as the United States, Thailand, and Japan also increased remarkably by 18.8%, 26.4%, and 6% to US$219 million, US$153.4 million, and US$141.3 million, respectively.

Simultaneously, China increased imports of bananas from the Vietnamese market during the past nine months of the year, with a turnover reaching US$213.3 million, up 49.2% on-year.