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.
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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.
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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.
