Durian exports forecast to top 3 billion USD in 2024
Durian exports may surpass 3 billion USD this year, according to Dang Phuc Nguyen, General Secretary of the Vietnam Vegetable and Fruit Association (Vinafruit).
Vietnam earns more than 1.3 billion USD from shipping durian abroad in the first six months of 2024 (Photo: baocongthuong.vn)
Hanoi (VNA) – Durian exports may surpass 3 billion USD this year, according to Dang Phuc Nguyen, General Secretary of the Vietnam Vegetable and Fruit Association (Vinafruit).
Speaking at a workshop on the promotion of the export of this fruit held in Hanoi on July 23, Nguyen said that Vietnam earned more than 1.3 billion USD from shipping durian abroad in the first six months of 2024, up 40% year-on-year.
Deputy Director of the Plant Protection Department under the Ministry of Agriculture and Rural Development Nguyen Quang Hieu stated that the General Administration of Customs of China has to date licensed over 700 growing area codes and nearly 200 packaging codes for Vietnamese businesses to export the fruit to this market.
Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit.
Vinafruit said a protocol on the official export of frozen durian to China is being promoted and likely to be announced soon.
China spends about 1 billion USD on importing frozen durian every year. If Vietnam can export this type of product via the official channel to the neighbouring market and hold a 30% market share, it can earn some 300 - 500 million USD in revenue, equivalent to about 10% of this year’s estimated durian export turnover, according to the association.
It added that Vietnam harvests durian all year round, which is a competitive edge for the country’s businesses. After southeastern provinces, localities in the Central Highlands region will enter the main harvest season in August.
This year, durian prices are ✱likely to surge twice or thrice compared to current prices as traders may rush to purchase the fruit for export, the association predicted./.
Thailand, the world’s biggest durian exporter with a total export turnover of 7 billion USD, became Vietnam's second largest importer of this fruit in the first four months of 2024.
Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit.
Vietnam's durian exports to China witnessed a significant surge in the first quarter of 2024, according to statistics of trade via the Youyi Guan border gate cited by China's Xinhua News Agency.
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