A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

Vietnam’s fruit and vegetable exports experience sharp decline in November

Vietnam’s fruit and vegetable exports reached US$457.99 million in November, marking an 11.89 percent drop compared to October, according to Vietnam’s General Department of Customs.

Year-to-date exports totalled US$6.62 billion, driven primarily by strong performance in China, which accounted for US$4.33 billion. Thailand showcased notable growth, with a 51.04 percent month-on-month increase, while other key markets like Taiwan and the Netherlands recorded steep declines of 21.36 percent and 24.90 percent, respectively.

The significant drop in exports to China, the largest importer, at 23.56 percent month-on-month, underscores the industry’s dependency on this market. On the other hand, increased exports to Thailand and Australia demonstrate opportunities for diversification.

Vietnam’s fruit and vegetable sector remains an essential part of the economy, with high growth potential in underpenetrated markets. Strategic efforts to diversify exports are crucial for stabilising growth amid fluctuating global demand.

See also: Agriculture Industry in Vietnam

Vietnam fruit and vegetable exports exports, November 2024, US$

NovemberOctoberMoMYTD
Total457,998,136519,800,467-11.89%6,619,327,489
Other39,160,74738,135,7942.69%409,425,651
China235,781,506308,459,066-23.56%4,333,998,269
Thailand34,226,43722,660,23051.04%259,303,952
USA32,976,91232,534,8861.36%320,107,479
South Korea25,007,75724,944,4490.25%289,075,192
Japan18,377,53118,286,7060.50%188,762,757
Australia11,267,2019,441,46019.34%99,798,914
Taiwan9,570,74812,169,750-21.36%141,808,944
UAE7,258,0216,739,5747.69%71,483,715
Netherlands7,033,1289,364,930-24.90%101,482,023
Russia5,943,7735,832,2091.91%63,834,514
Canada5,910,2926,343,909-6.84%61,555,609
Malaysia4,845,5524,514,4877.33%51,371,130
Singapore4,122,5643,403,10821.14%38,184,825
UK2,213,6544,055,290-45.41%33,823,942
HongKong2,149,0862,807,411-23.45%46,223,923
Indonesia2,037,3741,186,40671.73%9,545,707
Italy1,942,5951,432,85635.58%12,960,277
Egypt1,649,0111,342,61522.82%13,265,460
Cambodia1,318,6501,095,03020.42%15,941,647
Saudi Arabia1,203,1181,937,271-37.90%14,131,102
Lithuania836,569657,06927.32%10,008,917
Laos772,419735,5945.01%12,630,138
Kuwait689,086290,143137.50%3,202,548
Senegal571,925488,54317.07%4,400,968
Kazakhstan420,194161,606160.01%4,945,015
Norway342,305222,23454.03%2,982,225
Switzerland322,533275,23317.19%2,899,908
Ukraine47,448214,608-77.89%330,313
Kyrgyzstan068,000-100.00%1,842,425

See also: How to Start an Export Business in Vietnam

Get Vietnam agriculture news sent straight to your inbox

Latest agriculture news...