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Vietnam's processed fruits and vegetables have huge export potential to the U.S. market

 Last Update: 2021-12-24
 Source: Internet
 Author: User

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(De Volkskrant) United States from Vietnam imports high growth rates of processed fruits and vegetables, processed fruits and vegetables shows that Vietnam is gradually meet US consumer demand
.

Vietnam's Ministry of Industry and Trade into the outlet Bureau of Statistics data cited US International Trade Commission said, 2016--2020 average annual growth rate (HS 20) US imports of processed fruits and vegetables up 3.
7%
.
Despite the Covid-19 outbreak, U.
S.
imports of processed fruits and vegetables will reach US$8.
6 billion in 2020, an increase of 1.
8% from 2019
.
In the first nine months of 2021, imports of processed fruits and vegetables in the United States amounted to US$7.
4 billion, an increase of 17% over the same period in 2020
.

In the first nine months of 2021, Vietnam is the 11th largest supplier of processed fruits and vegetables to the United States, with exports reaching US$171.
9 million, a year-on-year increase of 49.
9%
.
Imports from Vietnam accounted for 2.
3% of total imports, an increase of 0.
5% over the same period in 2020
.

　　In the first nine months of 2021, processed or otherwise preserved fruits, nuts, and other edible parts imported from the United States (HS 2008) and water that has not been fermented and has no added alcohol, has or has not added sugar or other sweet substances Fruit and vegetable juices (HS 2009) accounted for the highest proportion
.

　　The United States mainly imports these two types of products from Mexico, Thailand, China and Canada
.
These are also the two major categories that Vietnam exports to the US market
.
Among them, HS 2008 imports reached 10.
9 million U.
S.
dollars, a year-on-year increase of 2.
6%; HS 2009 imports reached 7.
6 million U.
S.
dollars, a year-on-year increase of 111.
4%
.
However, the proportion of imports of these two types of products from Vietnam only accounts for 4% of the total US imports of these two types of products
.

　　The high growth rate of U.
S.
imports of processed fruits and vegetables from Vietnam indicates that Vietnamese processed fruits and vegetables are gradually satisfying the needs of American consumers
.

　　However, the proportion of imports from Vietnam is still low.
Therefore, there is a great opportunity for companies to increase their exports of processed fruits and vegetables to the US market
.
In order to expand their market share in the United States, Vietnamese companies need to invest in modern processing lines to produce fruits and vegetables that meet the needs of American consumers
.
(Finish)

U.
S.
import consumers

exit

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