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|Although Thai mangosteen dominates the Vietnamese market this year, the total amount of fruits and vegetables imported from Thailand still plummeted|
The General Secretary of Vietnam Fruit and Vegetable Association said that domestic enterprises reduced fruit and vegetable imports from Thailand in the context of the whole industry reduced imports by 41%.
According to the Association, the import value of fruits and vegetables in June was estimated at US$ 107 million, bringing the total value in the first 6 months of 2020 to US$ 583 million, down 41% year on year. The United States, China, Australia, Myanmar, and Thailand are five largest markets of imported fruits and vegetables for Vietnam.
Thailand surpassed China to become the No. 1 position in supplying vegetables and fruits to Vietnam as of 2014 and retained it until the end of 2019. In the first 5 months of 2020, Thailand's import value of fruits and vegetables reached US$ 30,824 million, down 91.64% year on year, equivalent to US$ 368,548 million.
In 2019, Vietnam spent US$ 464.2 million to import Thai vegetables and fruits, accounting for more than 26.5% of the vegetables and fruits import.
Sharing to the reporter on July 11, Mr. Dang Phuc Nguyen, General Secretary of Vietnam Fruit and Vegetable Association, explained: "Export of fruits and vegetables is experiencing a hard time, so businesses boost domestic consumption, the price of veggies is much cheaper, so many people increase domestic consumption. Vietnam this year increased its export to Thailand market by 233%, reaching nearly US$ 68 million in the first 5 months of 2020. Vietnam has transformed from a trade deficit of Thai vegetables to a trade surplus of over US$ 37 million.
This reversal is due to an effort to expand the market to compensate for the decline in fruit and vegetable exports to China, and especially to Thai investors in Vietnam such as Central Group (owner of the retail system Big C) has dramatically increased the bringing of Vietnamese vegetables to Thailand. " - Mr. Nguyen explained.
Thailand exported to Vietnam many items that were similar to domestic goods such as mangosteen, rambutan, durian, ... but this year, Thu Duc agricultural wholesale market (HCMC) did not record Thai durian in the list because domestic durian is too cheap
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