Coronavirus hits Vietnam’s fruit exports to biggest market, China
06/04/2020 130Fruits exports to China in the first quarter fell 29.4 percent year-on-year as the coronavirus pandemic halted trade activities.
Exports to China, the largest buyer of Vietnamese agriculture produce, were worth $300.4 million, as containers of dragon fruit, watermelon, banana, and durian repeatedly piled up at the border due to a lack of Chinese staff to process imports, according to the Department of Farm Produce Processing and Market Development.
Trade has partially resumed, but exports still suffer due to lack of demand, it said.
Last year China accounted for 27.8 percent of Vietnam’s agriculture, forestry and seafood exports of almost $8.5 billion.
Vietnam’s overall exports in the quarter fell 10.9 percent despite sharp increases to some markets such as a Thailand and Indonesia.
Imports fell almost 30 percent to $294 million, with double-digit drops in purchases from China, Australia and Thailand.
Source: VN Express
- USTR Makes Findings and Proposes Action in 60 Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods
- [VCCI] The US officially initiates a Section 301 Investigation into Vietnam on Intellectual property
- General Secretary and President To Lam's working visit to three ASEAN countries: Demonstrating the stature of proactive and constructive diplomacy.
- Viet Nam accelerates innovation drive as skilled workforce becomes key to science and technology growth
- The US is increasing controls on AI chip exports
