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4 Vietnamese Agricultural Products Are Popular Around the World

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17 May 2024, Vietnam: Vietnam’s fruit and vegetable exports in 2023 reached USD 5.6 billion, an increase of 66.7% compared to 2022 thanks to a sharp increase in exports to China, the EU, and Korea.

Fruit and Vegetable Exports Increased by Nearly 70%

Leading the group of Vietnamese agricultural products is vegetables and fruits. Vietnam’s fruit and vegetable exports in 2023 reached USD 5.6 billion, an increase of 66.7% compared to 2022 thanks to a sharp increase in exports to China, EU, and Korea markets.

The export turnover of fruits accounted for the largest proportion of the total fruit and vegetable export turnover in 2022. In particular, durian export has replaced dragon fruit to occupy the first position with a proportion of 55.4 % of total fruit export value, reaching USD 2.24 billion, an increase of 430% compared to 2022. Dragon fruit ranked second, accounting for 15.2% by value (halved compared to the proportion of 31.3% of 2022), reaching USD 614 million, down 3.8%. In addition to bananas, which only increased slightly (up 1.3%), other fruit products such as jackfruit, mango, passion fruit, pistachios… generally had a high export increase, about 34-44% compared to 2022.

In 2023, Vietnam’s fruit and vegetable exports to most major markets increased compared to 2022, especially the Chinese market. In addition, exports to Korea, Germany, and Canada also increase sharply.

Export Rice’s Prices Continue to Maintain High Levels

Regarding rice products, in 2023, the country’s rice export turnover reached 8.13 million tons, worth USD 4.7 billion, an increase of 14.4% in volume and 35.3% in turnover compared to 2022.

Vietnam’s export rice prices continue to remain at a high level. There was a time when Vietnam’s export price of 5% broken rice was higher than the price of rice of the same type in Thailand and India. The average export price in 2023 reached USD 575 per ton, an increase of 18.3% compared to the average level in 2022.

According to the Vietnam Food Association (VFA), as of December 29, 2023, Vietnam’s export price of 5% broken rice reached USD 653 per ton (FOB), an increase of 42.6%, equivalent to an increase of USD 195 per ton compared to the price in 2022, equal to the price of Thai rice of the same type and about USD 40-60 per ton higher than 5% broken rice of Myanmar and Pakistan.

Asia continues to be the largest export market in 2023, reaching 6.1 million tons, accounting for 75% of total exports, an increase of 22.8% compared to 2022; Next is Africa with export results reaching nearly 1.34 million tons, accounting for 16.5% of total rice exports, an increase of nearly 7.2%.

Vietnam Continues to Hold the Number 2 Position in the World in Coffee Exports

In 2023, although Vietnamese coffee exports will not increase in output, thanks to the good price of Robusta coffee, the value will still increase compared to the previous year, thereby, Vietnam will continue to hold the number two position in the world. in coffee exports, after Brazil.

Vietnam’s coffee exports in 2023 reached 1.62 million tons, worth USD 4.24 billion, down 8.7% in volume and up 4.6% in value compared to 2022. Average export price reached USD 2,614 per ton, an increase of 14.5% compared to 2022.

In 2023, Robusta continued to account for the highest proportion of the industry’s export value with 78.5%, reaching USD 3.2 billion, an increase of 2.8% compared to 2022. Although export volume decreased, turnover Exports increase because the average export price in 2023 reached USD 2,253 per ton, an increase of 14% compared to 2022. On the contrary, both Arabica coffee export volume and price decrease by 32.8% and 9.3%, respectively.

Also according to statistics from the General Department of Customs, in 2023, coffee exports to the EU market account for the largest proportion with 35% of total coffee exports, reaching USD 1.48 billion, down 0.7%. compared to 2022. Many markets achieved high growth compared to 2022 such as: Denmark reached USD 4.1 million, an increase of 96.7%; Netherlands reached USD 121.7 million, an increase of 76.5%; Portugal reached USD 35.6 million, an increase of 51.3%.

Vietnam’s Cashew Exports to All Major Markets Increased

Vietnam’s cashew exports in 2023 reached 644 thousand tons, worth USD 3.64 billion, an increase of 24% in volume and an increase of 18.1% in value compared to 2022. The average export price of cashew nuts of Vietnam reached USD 5,657 per ton, down 4.7% compared to 2022.

Notably, in 2023, Vietnam’s cashew nut exports to all major markets increased compared to 2022. In particular, the amount of cashew nuts exported increased sharply to markets: UAE (up 72.3% ); China (up 49.8%); Saudi Arabia (up 46.3%); UK (up 24.1%).

In 2023, the United States was Vietnam’s largest cashew import market, accounting for 24.6% of the country’s total cashew exports, at 158.5 thousand tons, worth USD 886 million, an increase of 10.3% in volume and an increase of 5.1% in export turnover compared to 2022. Ranked second is China, accounting for 17.5% of the country’s total cashew exports, reaching 113 thousand tons, worth reaching USD 683 million, an increase of 49.8% in volume and 55.2% in export value compared to 2022.

Also Read: Farmer Associations’ Report reveals 300 percent surge in Agriculture Budget Allocation over past 9 Years

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