ANN/VIET NAM NEWS – Vietnam exported 1,700 tonnes of mango to South Korea for USD7.4 million over the past 11 months, up 19 per cent in volume and 25 per cent in value year-on-year, according to the Import-Export Department under the Ministry of Industry and Trade.
These figures helped Vietnam become the third largest mango supplier for South Korea in the period, the department said, adding that the average export price of Vietnamese mangoes hit over USD4,230 per tonne, five per cent higher than that of the same period in 2021.
The department also cited statistics from the Korea International Trade Association (KITA) as saying that Vietnam’s mango import in the 11-month period reached 22,000 tonnes, worth USD95.3 million, marking yearly rises of four per cent in volume and eight per cent in value.
Thailand and Peru were the two largest mango suppliers for South Korea in the period, accounting for 81.2 per cent of the country’s total mango imports.
According to the department, Korea is a market with a high demand for fresh fruit. Each year, the market imports over USD1.6 billion worth of fresh fruit and this number has been growing significantly.
However, Vietnam’s fresh fruit now makes up a very modest market share in South Korea.
Therefore, there remains room for Vietnamese firms to foster their exports of fresh fruits, typically mangoes to this market.
In order to promote exports to this market, trade experts recommended that businesses needed to improve their competitiveness and product quality.
This was the core element to meet the strict requirements of the Korean market.
In addition, enterprises were advised to develop appropriate production and business plans, operate according to the market mechanism and have solutions to participate in the production chain and distribution network of Korean enterprises.