VnExpress News The News Gateway of Vietnam
Durian exports are forecast to surpass US$3 billion this year, according to the Vietnam Vegetable and Fruit Association (Vinafruit).
Vietnam earned more than $1.3 billion from shipping durian abroad in the first six months of 2024, up 40% year-on-year.
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.
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 on importing frozen durian every year. If Vietnam can export this type of product via the official channel to the neighboring market and hold a 30% market share, it can earn some $300 – 500 million in revenue, equivalent to about 10% of this year’s estimated durian export turnover.
Vietnam harvests durian all year round, which is a competitive edge for the country’s businesses. 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.
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