Vegetables’ trade surplus to reach nearly US$1 bln

16:52 | 27/12/2014

VGP – Viet Nam is estimated to earn US$1.477 billion from exporting vegetables and fruits in 2014, which is equivalent to 137.7% of the previous year, according to the Viet Nam Fruits and Vegetables Association.

Illustration photo

In December this year, the export and import of vegetables and fruits were estimated at US$120 million and US$42 million, respectively.

The total import of the sector in 2014 may hit US$521 million, up 28.5%, leading to a trade surplus of US$956 million in 2014.

China is the largest fruits and vegetables importer of Viet Nam, accounting for 26.43% of the total. It was followed by Japan (5.05%), the US (4.02%), the Republic of Korea (3.96%), the Netherlands (2.65%), Russia (2.53%), Taiwan (2.43%), Thailand (2.08%), Malaysia (2.06%) and Singapore (1.74%).

By Thuy Dung