Vietnam's fruit and vegetables exports to Thailand surged 230%
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|Vietnam's fruit and vegetables exports to Thailand during June increased to USD 11.4 million (Photo: VOV)|
Vietnam's fruit and vegetables exports to Thailand during June increased to USD 11.4 million, boosting the total turnover during the first half of 2020 to USD 79.4 million, representing an increase of 230% compared to the same period last year, according to VOV.
This rise can be considered rare as Thailand is the leading Southeast Asian producer and exporter of fruit and vegetables.
However, Vietnamese exports to Thailand dropped during the period with total export turnover reaching only USD 2.27 billion, representing an annual decline of over USD 500 million.
|Vietnam spent over USD 5.05 billion on importing goods from Thailand (Photo: VnExpress)|
Vietnam spent over USD 5.05 billion on importing goods from Thailand, a decline compared to USD 6 billion last year.
Ms. Tran Thi Thanh My, Commercial Counselor, Vietnam Trade Office in Thailand said that Vietnam should redirect and consider Thailand as a trading partner instead of a competitor on agricultural products.
Currently, Thailand is considered the processing center of Southeast Asia. Therefore, Thailand has a demand for a variety of raw materials for processing, including goods imported from Vietnam. Therefore, instead of focusing on the Chinese market, Vietnam should boost exports to Thailand with many special agricultural products, reported by VnExpress.
|Vietnam has been licensed for 4 types of fruits to be imported to Thailand (Photo: VTV)|
Along with Thailand, vegetables and fruits exported to South Korea, the US and Japan also increased by nearly 50% over the same period.
According to the Vietnam Trade Office in Thailand, even though Thailand is a fruit exporter, in 2019, Thailand also imported over 3 billion tons of fresh fruits worth more than USD 1 billion, and 850 million tons of vegetables.
Regarding import turnover, in the past 5 months, Vietnam imported USD 476 million of fruits and vegetables, down 43.4% compared to the same period in 2019. The US, China, Australia are the largest importers of vegetables and fruits for Vietnam.
Vietnam has been licensed for 4 types of fruits to be imported to Thailand, which are dragon fruit, mango, longan and lychee. Therefore, Vietnam still have huge room to increase exports to this market, informed Ho Chi Minh City Law.
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