Demand for Peruvian food grows in Vietnam

12:30:30 PM | 4/9/2020

In 2019, Vietnam received fresh Peruvian produce worth 3,629 m, an exchange that only represents 0.6% of Peruvian exports in the Asian continent. This timid figure, together with the great economic development that Vietnam has shown in recent years - a GDP with a growth of 7% in 2019 - places Vietnam at the forefront in terms of economies in the region and encourages the great expectations that Peru has placed in the country.

For this reason, the Peruvian government continues with its talks with the Vietnamese executive, advancing in the protocols and phytosanitary requirements to achieve market access for avocados and citrus fruits. This latter category is one of the fastest growing in Vietnamese imports, with an increase of 23.8% in orange imports and 18.9% for mandarins. Peruvian fresh grapes along with pomegranates are the most imported Peruvian fresh produce to Vietnam, which also receives quinoa and pecans.

The evolution of Peruvian imports in the Vietnamese market shows very positive data. Indeed, the balance for the first quarter of 2020 reveals that we increased our exports to this market by 13% compared to the same period in 2019”, states Erick Aponte, Trade Commissioner of PROMPERÚ in Southeast Asia. "The significant growth of our exports to Vietnam in the citrus fruit category shows that Peru can become a quality commercial partner for this country, as has already occurred for other products with which commercial relations are well established," added Aponte.

Currently, Asia accounts for 9% of the total Peruvian agri-food exports worldwide. China is the main Asian market for Peruvian food, with a 30% share of total exports, followed by Hong Kong (20%), South Korea (14%), Japan (12%), and Indonesia (8%). To a lesser extent, but growing strongly, are Thailand, Malaysia, Taiwan, Saudi Arabia, the UAE, and Vietnam. This latter market is of special importance for Peru where it sees great commercial opportunities.

P.N (Vietnam Business Forum)