Fruit and vegetable exports to China continue to decline
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- Business
- 23:07 29/08/2022
DNHN - In the first 7 months of the year, the export of vegetables and fruits to the Chinese market decreased by more than 30%. This has led to Vietnam's fruit and vegetable export turnover also decreasing by 15% over the same period in 2021.
According to the General Department of Customs, in the first 7 months of 2022, Vietnam's fruit and vegetable export turnover reached US$1.92 billion, down 15.8% over the same period in 2021. This decrease was largely due to exports to the Chinese market slowed down.
Currently, China is Vietnam's largest fruit and vegetable export market, reaching $877 million, accounting for 45% of Vietnam's total fruit and vegetable export turnover. However, compared to the same period in 2021, the turnover in the first 7 months of 2022 decreased by 34%.
The second is the US market, reaching 158 million USD, up nearly 18%; third is Korea with 110 million USD, up 15%; Japan reached 100 million USD, up 7%.
Export turnover to the US, Korea, Japan, Thailand and Taiwan markets all recorded positive growth. However, because the export value to these markets is relatively low, even good growth cannot offset the decline in the Chinese market.
Speaking at the forum connecting agricultural products 970 in June, Deputy Director of the Department of Crop Production (MARD) Le Thanh Tung said that the "Zero Covid" policy from China has affected exports of Vietnamese goods, including vegetables and fruits. The Chinese market has increased quarantine measures, which may slow down exports, cause congestion at border gates, and affect domestic consumption.
With a population of more than 1.4 billion people, China has a large import demand for vegetables and fruits to serve domestic demand as well as production and processing for export.
According to the Ministry of Industry and Trade, in the last months of 2022, when the epidemic situation is under control, the consumption demand of Chinese people will increase, especially during the year-end festival season. The results to this market will be more positive.
P.V
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