Vietnam’s agricultural sector is set to reach new heights in 2024, with exports projected to achieve a remarkable $60-61 billion in revenue, marking a significant increase from last year. This growth underscores the strength and competitiveness of Vietnam’s agricultural products on the global market.
Key sectors are driving this impressive expansion, with durians, often referred to as the “king of fruits,” leading the way. Durian exports have already hit $3 billion, surpassing last year’s total. With the addition of frozen durian to the list of official exports to China, the sector is poised to continue its upward trajectory, potentially reaching $4 billion in 2025. This growth in durian exports is fueling broader success in Vietnam’s fruit and vegetable industry, which has already seen a total export value of $6.6 billion this year, surpassing 2023’s figures.
Vietnam’s rice industry has also seen impressive growth, surpassing last year’s export value of $4.6 billion in just 10 months. Despite a slight decrease in volume, the increase in export prices has pushed revenues higher, demonstrating the continued demand for Vietnamese rice in global markets.
The coffee sector is also showing strong results, with $4.6 billion in exports, surpassing last year’s total. The outlook remains positive, as global demand for coffee continues to grow. Additionally, the peppercorn industry has made a strong comeback, with export revenue projected to exceed $1.3 billion, while cashew exports are on track to reach a record $4.3-4.5 billion, reinforcing Vietnam’s position as the world’s leading exporter of cashews.
These remarkable achievements highlight Vietnam’s agricultural sector as a key contributor to global trade, with strong export growth expected to continue across multiple product categories in the coming years.
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