Processing pineapple for exports. (Photo: baodautu.vn)
Exports of fruits and vegetable only reached 3.26 billion USD in 2020 (down nearly 13%) due to being directly affected by the prolonged epidemic. China, which accounts for more than 65% of export turnover, witnessed the sharpest reduction of 25.7% (equivalent to 1.9 billion USD).
However, signs of a market recovery have been seen since the beginning of this year. According to statistics of the Ministry of Industry and Trade, in March 2021, the export value of vegetables and fruits reached USD 380 million, an increase of 6.3% over a year earlier. In the first 3 months of 2021, the figure reached 944 million USD, up 6.1%.
Some key markets have increased imports from Vietnam. Notably, China spent 352.83 million USD buying vegetables and fruit from Vietnam during January-February. The figure made up 62.5% of Vietnam’s total export value of the products and represented an annual increase of 17.5%.
It was followed by the US, Thailand, Japan, and the Republic of Korea. Specifically, export value to Taiwan (China), Australia and Malaysia increased sharply at 43.1% (12.87 million USD), 30.6% (11.9 million USD) and 32.5% (9.2 million), respectively./.