Thailand has become Vietnam’s fourth largest market for fruits and vegetables, with exports increasing, especially in durians, due to supply shortages from droughts. Bilateral trade between the two countries is growing, with the US and South Korea also contributing to Vietnam’s export growth. Thailand’s imports from Vietnam have surged, with popular items including dates and mangosteens.
Growth in Bilateral Trade
Thailand has emerged as Vietnam’s fourth-largest market for fruits and vegetables, driven by a surge in exports, particularly in durians. This shift is attributed to increased demand, especially for frozen durian. Although China remains the top buyer, importing nearly $2.5 billion worth of goods, Vietnam’s trade with Thailand has seen significant growth.
Rising Imports and Export Dynamics
Imports from the United States and South Korea have also played a role in Vietnam’s export growth, with a 31% and 51% increase, respectively. With an overall export value of $4.6 billion, Vietnam is taking advantage of year-round durian cultivation to boost trade numbers. This surge in exports reflects a positive trend for the country’s economy.
Changing Trade Relationships
Over the past decade, the trade dynamics between Vietnam and Thailand have shifted significantly. While Thailand was once a major supplier of fruits and vegetables to Vietnam, imports have dropped drastically. However, there has been a recent resurgence in trade, with imports reaching $32 million, driven by popular items like dates and mangosteens. This evolving trade relationship showcases the changing landscape of regional commerce.
Source : Vietnam fruit, vegetable exports to Thailand rise by 70% – VnExpress International
Source : Vietnam’s Exports of Fruits and Vegetables to Thailand Surge by 70%