Vietnam becomes China’s second largest banana exporter

Vietnam has become the second largest exporter of banana to China, behind only the Philippines, accounting for 28.2% of the total amount of bananas imported by the market, the Import-Export Department under the Ministry of Industry and Trade has announced.

The department quoted statistics released by the General Administration of Customs China stating that the northern market imported 1.46 million tonnes of bananas worth US$912.4 million during the first 10 months of this year, down 7.1% in volume and down 10% in value compared to the same period last year.

The average price of imported bananas reached US$623.2 per tonne, marking a drop of 3.1% year on year.

Most notably, China increased banana imports from Vietnam but decreased the imports from the Philippines, due to Vietnam’s geographical location coupled with the rise of costs in the Chinese market.

The country’s production of bananas, a fruit that can be harvested all year round, averages at about 2.1 million metric tonnes per year, according to the Ministry of Agriculture and Rural Development.

In a relevant move, on November 11, 2022, the Vietnamese Ministry of Agriculture and Rural Development and the Chinese General Administration of Customs signed a protocol requiring phytosanitary procedures for fresh bananas exported into China as part of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong’s official visit to China.

At present, Vietnam boasts 11 fruits licensed to enter the Chinese market. Among these fruits, the country has signed numerous Chinese protocols relating to phytosanitary requirements for four kinds - mangosteen, passion fruit, durian, and banana.