China increases imports of processed fruit and vegetables from Vietnam
China's imports of processed fruit and vegetables from the Vietnamese market surged by 34.9% to reach US$213 million during the past 11 months of last year, according to statistics released by China Customs.
The northern neighbour’s imports of processed fruit and vegetables throughout the reviewed period expanded by 27.1% to US$1.48 billion compared to the same period from 2020.
Furthermore, China also increased imports of processed fruit and vegetables from major markets, except for Thailand, with the United States and Vietnam being the two largest suppliers.
The Chinese market typically imports processed fruit and vegetables coded HS 2008, including fruits, nuts, and other edible parts of plants, from the US with turnover of US$201 million, followed by Vietnam with US$148.9 million, the Republic of Korea with US$77 million, and the Philippines with US$64.6 million.
In the reviewed period, the northern neighbour also moved to increase imports of the product coded HS 2009 (fruit juices) from markets such as Brazil, Vietnam, Israel, Spain, and Thailand.
According to statistics compiled by the General Department of Vietnam Customs, the nation remains the global ninth largest market for exporting processed fruit and vegetables, nuts, and other edible parts of plants.
The export growth rate of these items to the global market throughout the 2016 to 2020 period reaches an average rate of 22.15% annually.
The major export markets of Vietnamese processed fruit and vegetables include China, the US, Japan, the Republic of Korea, Russia, and Australia.
The country’s exports of processed fruit and vegetables are forecast to enjoy robust growth this year due to its convenience and long storage period, according to details given by the Ministry of Industry and Trade.