According to data from the General Department of Customs, Vietnam's fruit and vegetable exports in October 2022 reached 309.7 million USD, an increase of 22.9% compared to September 2022. Compared to October 2021, that amount is an increase of 28.3%.
In the first 10 months of 2022, Vietnam's fruit and vegetable export turnover reached 2.8 billion USD, down 8.0% over the same period in 2021.
In October 2022, Vietnam's fruit and vegetable exports to several markets, such as China, the US, Thailand, Japan, etc., increased compared to October 2021.
In the first 10 months of 2022, the export turnover of Vietnam's fruit and vegetable to many primary markets increased compared to the same period in 2021, except for the Chinese market.
In October 2022, Vietnam's fruit and vegetable export turnover to China reached 151.7 million USD, up 64.4% compared to September 2022 and 44.2% higher than in October 2021. In the first 10 months of 2022, fruit and vegetable export turnover to China reached 1.2 billion USD, down 25.8% over the same period in 2021. Vietnam's fruit and vegetable export turnover to China in the 10 months of 2022 accounted for 43.9% of Vietnam's total export turnover of this item, lower than 54.5% in the 10 months of 2021.
In October 2022, Vietnam's fruit and vegetable export turnover to the US reached 21.5 million USD, up 16.6% compared to September 2022 and 17.7% higher than in October 2021.
In the 10 months of 2022, Vietnam's fruit and vegetable export turnover to the US reached 219.0 million USD, up 18.8% over the same period in 2021. Vietnam's fruit and vegetable export turnover to the US in the first 10 months of May accounted for 8.0% of the total fruit and vegetable exports, higher than the percentage of 6.2% in the same period in 2021.
In October 2022, Vietnam's fruit and vegetable export turnover to Thailand reached 18.3 million USD, down 30.0% compared to September 2022 and up 17.1% compared to October 2021. In the first 10 months of 2022, Vietnam's fruit and vegetable export turnover to Thailand reached 153.4 million USD, an increase of 26.4% over the same period in 2021. Fruit and vegetable export turnover to Thailand in the first 10 months of this year accounted for 5.6% of the total fruit and vegetable exports, lower than 4.1% in the first 10 months of 2021.
It is forecast that Vietnam's fruit and vegetable export turnover in the last months of 2022 will increase due to the recovery of many markets and cyclical factors. Vietnamese durian officially licensed by China is opening up better growth opportunities for the country's fruit and vegetable industry. Besides durian, fruits such as dragon fruit, mango, pomelo, banana, etc., are expected to be imported more by China because many of China's farming areas are affected by drought.
In addition, Vietnamese enterprises have gradually adapted to the methodical production process and are eligible for official export. Despite being heavily impacted by the Covid-19 pandemic and political fluctuations, the export turnover of vegetables and fruits to the European market in October 2022 still achieved positive results.
Before the EVFTA took effect, Vietnam's fruit and vegetable exports to the EU enjoyed preferential rates under the Generalized System of Preferences (GSP). From August 1, 2020, about 94% of the total 547 tax lines for fresh and processed vegetables and fruits have been reduced by the EU to 0%. Many fruit and vegetable products enjoying tax reduction are Vietnam's export strengths. That gives Vietnam's fruit and vegetable products a competitive advantage over some Asian countries.
(First 9 months 2022)
The Branch of Olam Vietnam Limited in Bien Hoa II Industrial Zone maintains its spot as the top fruit and vegetable exporter in Vietnam after the first 9 months of 2022, reaching 177,664 thousand USD in turnover.
In second and third places were Olam Vietnam Food Processing Company Limited and Yuelaimei Import & Export Co., Ltd, with turnovers of 107,857 thousand USD and 88,746 thousand USD, respectively.
Compiled by VietnamCredit
