Agricultural products with export turnover of over US$1 billion each included coffee (US$3.3 billion, up 46.7%), and cashew nuts (US$1.03 billion, up 5%).

In contrast, rice exports decreased by 14.9% to US$1.47 billion, while fruit and vegetable exports dropped by 10.4% to US$1.38 billion.

With regard to export prices, coffee recorded the highest average export price growth, increasing by 69% to US$5,685 per tonne, while pepper and cashew nuts rose by 64% and 27% to US$6,882 and US$6,833 per tonne, respectively.

In terms of imports, Vietnam spent US$1.33 billion on importing cashew nuts during this period, up 29.3%, making it the only billion-dollar import item in the group.

The import of fruit and vegetables reached US$697 million, up 23% year on year, while corn and wheat imports fell by 16.1% and 3.7% to US$659 million and US$533.1 million, respectively.

Throughout the reviewed period Vietnam spent US$397.8 million on purchasing milk and dairy products from the world, up 32%.

The average import price of cashew nuts and corn saw an upswing of 33.3% and 1.4% to US$1,657 and US$257.7 per tonne, respectively.

Market understanding needed to boost Vietnam's agricultural exports to India

As India ranks among the world's largest consumer markets and boasts rich cultural and social diversity, Vietnamese agricultural exporters are advised to carefully study consumer preferences across different segments to conquer this potential market.