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Fruit and vegetable trade in surplus

Released at: 13:27, 29/12/2014

Fruit and vegetable trade in surplus

Vietnamese fruit and vegetables record trade surplus of $956 million in 2014.

by Do Huong

According to the Vietnamese Fruit and Vegetables Association (Vinafruit), estimated export turnover from fruit and vegetables is $1.477 billion for 2014 compared to $1.073 billion in 2013. Estimated import turnover is $521 million compared to $406 million in the previous year.

In the first eleven months of 2014 export turnover stood at $1.356 billion and import turnover $479 million. The Top 10 importers of Vietnamese fruit and vegetables in the first eleven were China, Japan, the US, South Korea, the Netherlands, Russia, Taiwan, Malaysia and Singapore.

China is the largest consumer, accounting for 26.43 per cent of the total value. In the first eleven months it imported fruit and vegetables from Vietnam with a total value of $358.6 million.

The Top 10 exporters of fruit and vegetables to Vietnam in the first eleven months were Thailand, China, the US, Myanmar, Australia, New Zealand, South Africa, India, South Korea and Chile. Thailand was the largest, accounting for 29.2 per cent of the total value, or $139.9 million.

Top 10 importers of Vietnamese fruit and vegetables

 

Market

11 months 2013 ($ million)

 

11 months 2014 ($ million)

Value (%) 2014/2013

Share (%)

2013         2014

 

Total turnover

   967.263

 1.356.865

140.28

100.0

100.0

1

China

  257.330

     358.586

134.14

27.64

26.43

2

Japan

    56.200

       68.470

121.83

5.81

5.05

3

US

     46.577

      54.561

117.14

4.82

4.02

4

South Korea

     25.740

       53.691

208.59

2.66

3.96

5

The Netherlands

     22.253

       35.989

161.73

2.30

2.65

6

Russia

    28.289

       34.379

121.53

2.92

2.53

7

Taiwan

    23.134

       31.767

137.52

2.39

2.34

8

Thailand

27.597  

      28.190

102.15

2.85

2.08

9

Malaysia

    26.751

       27.958

104.51

2.77

2.06

10

Singapore

     21.031

       23.662

112.51

2.17

1.74

11

Other

432.361

   639.612

147.93

44.70

47.14

Source: Ministry of Agriculture and Rural Development, December 2014

Top 10 exporters of fruit and vegetables to Vietnam

 

Market

11 months 2013 ($ million)

11 months 2014 ($ million)

Value (%) 2014/2013

Share (%)

2013          2014

 

Total turnover

  369.126

     479.439

129.9

100.0

100.0

1

Thailand

    92.043

    139.940

152.0

24.9

29.2

2

China

   142.849

     135.754

95.0

38.7

28.3

3

US

     46.950

       55.641

118.5

12.7

11.6

4

Myanmar

     11.636

       53.389

458.8

3.2

11.1

5

Australia

  23.564

      27.708

117.6

6.4

5.8

6

New Zealand

6.107

         8.247

135.0

1.7

1.7

7

South Africa

      6.208

         5.898

85.0

1.7

1.2

8

India

       5.660

         4.464

78.9

1.5

0.9

9

South Korea

       3.526

          4.266

121.0

1.0

0.9

10

Chile

      4.220

          4.065

96.0

1.1

0.8

11

Other

26.363

        40.067

151.9

7.1

8.3

Source: Ministry of Agriculture and Rural Development, December 2014

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