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Saturday,  Oct 21,2017,06:31 (GMT+7)

Vegetable, fruit imports surge in Jan-Sept

Lan Nhi
Thursday,  Oct 12,2017,21:46 (GMT+7)
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Vegetable, fruit imports surge in Jan-Sept

Lan Nhi

Vietnam earned US$2.67 billion from vegetable and fruit exports and spent US$1.15 billion importing these products - PHOTO: TL

HANOI - Vietnam spent VND26.45 trillion (US$1.15 billion) importing fruits and vegetables in the first nine months of 2017, up 80.5% year-on-year and double the nation’s revenue from exports of these products, according to the Ministry of Agriculture and Rural Development.

The country imported US$914 million worth of fruits and US$218 million worth of vegetables in the nine-month period, increasing two-fold and 30% respectively against the same period last year.

Thailand remained Vietnam’s biggest exporter of the products with 60.7% of the total, followed by China and South Korea.

A report by the Export-Import Department under the Ministry of Industry and Trade said exports of vegetables, fruits, cashew nuts and seafood registered growth of more than 20% in the period. In the agro-fishery category, vegetable and fruit exports brought in US$2.67 billion, up 45.6% over the year-ago period.

The Ministry of Industry and Trade said the cooperation between Vietnam and other ASEAN countries, and between ASEAN and countries outside the region through free trade agreements has helped Vietnam achieve positive export growth.

Vietnam’s fruits have been shipped to many choosy markets such as the U.S. (white and red-flesh dragon fruit, rambutan, longan and litchi), Japan (white and red-flesh dragon fruit, and mango), South Korea (white and red-flesh dragon fruit, and mango), New Zealand (mango, and white and red-flesh dragon fruit), and Australia (litchi and mango).

In a related development, Vietnam exported 3.8 million tons of rice valued at US$2.03 billion in the first nine months of the year, up 19.5% year-on-year in volume.

Rice export growth was backed by the high demand of China, Malaysia, the Philippines, Bangladesh and other potential markets.

The country has signed contracts to ship 150,000 tons of rice to Malaysia, 250,000 tons to Bangladesh and 175,000 tons to the Philippines.

Meanwhile, the increasing rice export prices in recent months have benefited local farmers. The 5% broken rice sold for US$370-380 a ton in early June and the price soared to US$380-390 in mid-August. The 25% broken rice price also inched up from US$340-350 to US$360-370 a ton in the period.

High-quality rice exports surged while low and medium-grade rice shipments edged down in the first nine months, which is in line with the export development plan of the country.

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