Malaysia’s Durian Export Value Doubles Over 5 Years

According to local media, Datuk Seri Ahmad Hamzah, Malaysia’s Deputy Minister of Agriculture and Food Industries, recently stated that the country’s durian exports had achieved a 107% increase over the previous five years, rocketing to a value of 144.7 million ringgit ($34.7 million) in 2020 from 69.9 million ringgit ($16.8 million) in 2016.

By September 2020, Malaysian durians had been permitted to enter 22 countries and regions. According to trade data for 2020, the top five overseas markets for Malaysian durians ranked by import value were Hong Kong, mainland China, Singapore, the United States and Australia. As the biggest importer, Hong Kong consumed 57.5 million ringgit ($13.8 million) of Malaysian durian exports in 2020, accounting for 39.8% of the total export value that year. Over 90% of Hong Kong’s durian imports are reportedly re-exported to other markets, with mainland China receiving the majority.

Ahmad also said that the Malaysian government does not impose any tax on durian exports in order to enhance the competitiveness of Malaysian durians in the international arena. Backed by substantial support from the government, exports of Malaysian durians are expected to maintain a rapid growth rate in the future.

Despite Malaysia displaying a strong momentum in its durian exports over the years, Thailand is still the behemoth in the global durian market, supplying over 90% of the world’s durian exports. It is estimated that the worldwide durian trade will reach $35 billion by 2030.

Image: Pixabay

This article was translated from Chinese. Read the original article.