In the context of the vegetables and fruits’ import turnover witnessing a decrease of 42%, the figure from America has risen by 44% and comes first as the biggest foreign supplier of vegetables and fruits for the Vietnam market.
According to Vietnam Fruit and Vegetable Association – VINAFRUIT, in the first 4 months of 2020, vegetable and fruit exports from Vietnam has reached 1.225 billion USD, 12.53% lower than the export turnover for the same period last year, yet, the market still records an export surplus of over 848.5 million USD.
With regard to vegetable and fruit imports, the import turnover has plunged by 42% in the first 4 months with 376.9 million USD due to a dramatic decrease in imported produce from long-established markets.
However, there has been an upward trend in the vegetable and fruit import turnover from other high-value countries, such as New Zealand, Myanmar, America, Korea, and South Africa,…
Especially, the import turnover from America has experienced a 44%-increase compared with the same period last year, with the value rocketing to 102.1 million USD. This is the first time the US market has become No.1 with the highest fruits import turnover into Vietnam. It is well noted that in the first 4 months in 2019, America was the third biggest vegetable and fruit supplier for Vietnam, with a 10.9% market share and 71.1 million USD import value.
According to Mr. Pham Thien Hoang, CEO of Pham Hoang Trang Co., Ltd (in possession of GreenSpace store chain), American fruits are one of the most favorite products in Vietnam; therefore, the imported quantity from America is continuously raised to meet increasing demand. It is also expected that with the new harvesting season coming, the import turnover of blueberries will also witness a significant increase.
Mr. Hoang said: “However, COVID-19 pandemics has caused shipping freight to rocket to a sky-high level, which is a painstaking problem to importing enterprises. The air freight rates for certain products like cherries, blueberries, and grapes have doubled, from 2 USD per kg to 4 USD per kg, affecting the selling price of these fruits in the domestic market.”
Until 2020, Vietnam has allowed the import of 06 types of American fresh fruits, including apple, grape, cherry, pear, orange, and blueberry, among which grapes and cherries account for a dominant market share over other imported fruits.
The list of fresh fruits allowed to be imported into Vietnam:
Translated and edited by: Dandelion