Foodmate News: A Vietnamese media reported that the Ministry of Agriculture and Rural Development of Vietnam said that although the country’s vegetable and fruit exports reached US$1.79 billion in the first half of 2020, a decrease of more than 12% from the same period last year. Except for the decline in exports to the Chinese market, the export value to the remaining markets has increased. such as South Korea, the growth rate is 22%, the United States has increased by 6%, Japan has increased by 15.5% and the Netherlands has increased by 9%.

In May 2020, the export value of some agricultural products fell such as: dragon fruit accounted for 35% of total exports, exports fell 6.7%; bananas fell 7.6%; watermelons fell 39.6%; longyan fell 80.4% and durian fell 87.5%.

China is still the main export market for fruits and vegetables in Vietnam, with a market share of over 60%. In the first five months of 2020, Vietnam’s exports of fruits and vegetables to the Chinese market reached US$906 million, a 29% decrease from the same period in 2019.

In addition, according to the Vietnam Agricultural Products Processing and Market Development Agency, the European Union promised to vigorously open the market for Vietnamese fruit and vegetable products in accordance with the EU-Vietnam Free Trade Agreement (EVFTA). Specifically, after the agreement comes into force, 94% of tariffs on 547 kinds of vegetables and fruits will be cancelled, among which there are many products with advantages in Vietnam.

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