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Friday, June 21, 2024

Exports of processed fruits, veggies rise strongly

The Saigon Times

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HCMC – Processed fruit and vegetable exports from Vietnam had reached a record-breaking value of over US$1.1 billion as of November 2023, up 19% over the same period of the previous year, reported the General Department of Vietnam Customs.

These processed products constituted 21% of the total exports of fruits and vegetables, according to the Vietnam Fruit and Vegetables Association (Vinafruit). Key international markets for these exports include the United States, the European Union, Japan, and South Korea.

China has recently eased trade regulations to allow the import of processed and frozen fruits, in addition to fresh fruits, which has significantly boosted Vietnam’s exports in this category to its neighboring country.

Various processed products such as mangoes, passion fruits, almonds, and pistachios have seen substantial growth, ranging from 22% to 60% compared to 2022. Additionally, canned fruits and bottled juices from Vietnam have gained popularity in markets like Japan, the United States, and the European Union.

Dang Phuc Nguyen, general secretary of Vinafruit, attributes the robust growth in processed product exports to a diversified supply and favorable conditions created by major export markets for Vietnamese products.

Despite this growth, processed products still represent a relatively small portion of the annual harvest output, accounting for 4.5 million tons or 14%. There is potential for further expansion, as the demand for these products in the global market remains high.

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