Home » News: Durian fruit is the fastest growing export fruit to China from Vietnam, accounting for $56.9m and rising by 291%

News: Durian fruit is the fastest growing export fruit to China from Vietnam, accounting for $56.9m and rising by 291%

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Durian fruit

The Chinese market continues to expand with more agricultural products gaining inroad as Durian fruit becomes the fastest-growing export to China among fruits in the first two months of this year, rising by 291% year-on-year to US$56.9 million.

According to e.vnexpress.net, besides, it accounted for 83% of fruit exports to that country, according to a report by the Agency of Foreign Trade under the Ministry of Industry and Trade.

READ: News: Nigerian Customs Says Sesame, Ginger, Hibiscus Top N70.2bn Agric Export From Apapa

Overall exports of fruits grew by 7.7% to $377.4 million.

Other fruits whose exports grew strongly were water melon (up 98%), jackfruit (61%) and mango (14%).

The trade agency said the increase in exports is a positive sign considering the decline in global consumption due to inflation.

READ: News: Nigeria’s Apex Bank, CBN unveils plans to raise $200 billion for Non-oil Exporters

Besides China, the E.U. is also a market with great potential, accounting for 43% of the global fruit and vegetable market, it said.

The bloc’s trade pact with Vietnam, the EU-Vietnam Free Trade Agreement (EVFTA), which removes up to 94% of taxes on fruits and vegetables — the rates used to be 10-20% — enables Vietnam to be more competitive than Thailand and China.

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