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Vietnam’s fruit and vegetable exports fall by 29.21 percent in January

Vietnam’s fruit and vegetable exports declined by 29.21 percent month-on-month in January, reaching US$374.50 million, according to Vietnam’s General Department of Customs.

China remained the largest market, accounting for 46.50 percent of total exports at US$174.13 million, a sharp 41.61 percent decline from December. The US followed with US$31.25 million, representing 8.35 percent of total exports, down 22.45 percent. Thailand ranked third with US$19.81 million, making up 5.29 percent of total exports and increasing by 5.00 percent.

Compared to December, Cambodia saw the highest growth, surging by 128.02 percent to US$2.18 million. Kazakhstan also recorded a significant increase of 231.77 percent to US$502,086. Meanwhile, exports to Taiwan and Kuwait dropped sharply, declining by 57.95 percent and 57.93 percent, respectively.

The top five markets—China, the US, Thailand, South Korea, and Japan—accounted for 69.48 percent of Vietnam’s total fruit and vegetable exports in January. Despite growth in a few smaller markets, overall exports fell sharply due to weaker demand from China and other key destinations.

See also: Food and Beverage Industry in Vietnam

Vietnam’s fruit and vegetable exports, January, US$ millions

January December MoM YTD % of Total
Total 374.50 529.06 -29.21% 374.50 100.00%
Other 37.13 31.17 19.15% 37.13 9.92%
China 174.13 298.20 -41.61% 174.13 46.50%
USA 31.25 40.30 -22.45% 31.25 8.35%
Thailand 19.81 18.87 5.00% 19.81 5.29%
South Korea 18.70 25.61 -26.96% 18.70 4.99%
Japan 16.30 14.53 12.21% 16.30 4.35%
Australia 8.98 11.40 -21.23% 8.98 2.40%
UAE 8.15 7.65 6.56% 8.15 2.18%
Taiwan 6.44 15.32 -57.95% 6.44 1.72%
Germany 6.36 8.03 -20.77% 6.36 1.70%
Canada 5.80 7.52 -22.80% 5.80 1.55%
Netherlands 5.75 10.34 -44.33% 5.75 1.54%
Malaysia 5.15 5.20 -0.86% 5.15 1.38%
Russia 4.71 6.39 -26.31% 4.71 1.26%
France 4.57 5.97 -23.41% 4.57 1.22%
UK 3.59 3.64 -1.38% 3.59 0.96%
Singapore 3.54 3.60 -1.50% 3.54 0.95%
Cambodia 2.18 0.95 128.02% 2.18 0.58%
Hong Kong 1.79 2.82 -36.29% 1.79 0.48%
Saudi Arabia 1.66 1.40 18.58% 1.66 0.44%
Italy 1.52 2.72 -44.03% 1.52 0.41%
Egypt 1.44 1.52 -5.03% 1.44 0.39%
Indonesia 1.42 1.36 4.61% 1.42 0.38%
Laos 1.15 1.08 6.30% 1.15 0.31%
Lithuania 0.99 1.30 -23.60% 0.99 0.27%
Senegal 0.53 0.57 -8.14% 0.53 0.14%
Kazakhstan 0.50 0.15 231.77% 0.50 0.13%
Switzerland 0.39 0.62 -37.20% 0.39 0.10%
Norway 0.31 0.40 -22.11% 0.31 0.08%
Kuwait 0.14 0.34 -57.93% 0.14 0.04%
Ukraine 0.08 0.11 -31.98% 0.08 0.02%

See also: How to Start an Export Business in Vietnam