Veggie exports hit US$3.5 billion in 11 months
Vietnam’s fruit and vegetable export value hit US$3.5 billion in the first 11 months of 2018, up 11.6% year-on-year, said the Agro Processing and Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development (MARD).
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| Vietnam's rambutan (Photo: gocom.vn) |
China remained the leading market for Vietnam’s fruit and vegetable exports, accounting for 73.8% of market share with more than US$2.4 billion, an increase of 11.3% against the same period last year.
A forecast from the MARD said that in 2018, vegetable and fruit export value will grow about 10% year-on-year, much lower than last year’s figure of 42.4%.
Many fruits like durian, rambutan and mangosteen will enter harvest period soon, possibly causing declines in the prices of fruits.
During January-October, Vietnam earned some US$3.3 billion from vegetable and fruit exports, up 15.5% from the same time last year, said AgroTrade. Of the total, 90.3% was raw products while processed ones only accounted for 9.7%
