China Market Insights: Vietnam's Fruit Export Growth in 2024

The Ministry of Agriculture and Rural Development reported that in the first half of 2024 , Vietnam 's total export turnover of agro - forestry - fishery products reached 9.2 billion , showing a 19 per cent increase compared to the same period in 2023 . China accounted for 20.2 per cent of this , an increase of 9.5 per cent year - on - year , ranking second among export markets . China typically spends 30 billion annually on agricultural imports , with nearly 00 billion spent in the first five months of this year alone . Among agricultural products , China imports over 0 billion worth of items like fruit , seafood , and rice each year.

Nguyen Dinh Tung , general director of Vina T&T Group , noted that the demand for fruit and vegetables in current markets is very high . For example , durian exports to China have seen a surge in orders , with the company expecting to export 2,500 tonnes of fresh durian this year . Nong Duc Lai , Vietnam 's trade counsellor in China , predicted strong growth in agricultural exports for the rest of the year . He highlighted that China has many long holidays in the second half of the year , leading to a significant increase in demand for agricultural products . Vietnamese businesses should take advantage of this time to boost exports.

Vietnam 's agricultural exports have been growing , reaching a record high of 3.22 billion last year . However , food processing companies have reportedly been losing orders to competitors due to the slow implementation of sustainability commitments . In the first quarter , Vietnam saw a 21.8 per cent jump year - on - year in agricultural , forestry , and fishery export value , continuing a commendable performance for the country 's export picture.

In another development , Vietnam 's fruit imports from January to July rose by 12.7 % year - on - year to .2 billion , with apples , pears , pomegranates , grapes , and plums leading the list . These imported fruits are not grown domestically or produced in limited quantities within the country . Fruit imports were mainly from China , the U.S. , and Australia , with a substantial increase in imports from these countries . On the other hand , fruit exports in the first seven months of the year reached .8 billion , showing a 23.4 % increase year - on - year . Durian remains a staple among Vietnam 's fruit and vegetable exports , with an export value of more than billion.

Vietnam 's fruit and vegetable export turnover in 2023 reached a record .69 billion , showing a nearly 70 % increase over the previous year . China was the largest buyer of Vietnamese fruits and vegetables last year , with imports exceeding .7 billion , representing a 149 % increase year - on - year . Overall , Vietnam maintained a trade surplus of over .5 billion in the fruit and vegetable sector in the past seven months , indicating a positive trend in the country 's export performance.