Taiwan increasingly prefers Vietnamese honey

Ms. Oanh (Hai Duong) – a labor export worker in Taiwan said that recently, Taiwanese people love honey imported from Vietnam. In Taiwan’s markets and supermarkets, Vietnamese honey is priced much more competitively than Thai products.

“Even when I order from Vietnam to send it over, the price is 20% lower than products sold in this country,” Ms. Oanh said.

According to the Taiwan Foreign Trade Administration (BOFT), in 2021, Taiwan imported 3.93 tons of natural honey from 30 partners worldwide, with a turnover of 10.57 million USD. , an increase of 2.46% in volume over the same period in 2020.

In which, Vietnam is the second largest export partner of this group of products with 382 thousand kg, accounting for 9.72% of the import market share of this island in 2021. Vietnam’s honey exports to Taiwan last year. last year increased 43% and 42% respectively in volume and value over the same period last year.

According to export businesses, Taiwan’s demand for honey is still quite potential. In addition to competitive prices, Vietnamese honey is also improving in quality.

To be able to export honey to this market, enterprises must comply with regulations on inspection of food and related products imported. Importers must register for inspection with the Taiwan Food and Drug Administration (FDA).

This item currently has a 35% MFN tax rate for partners who are members of the WTO.

In addition, Vietnam’s honey exports to the US are also positive. However, from April 2021 to now, the American Beekeepers Association has continuously filed a petition with the DOC requesting an anti-dumping investigation against Vietnamese goods. By the end of November 2021, the DOC announced a general preliminary tax rate for all Vietnamese honey export enterprises of 412.49% – this high tax will block the way for honey exports to the US – while Tax rates for other countries are less than 30%.

According to the Ministry of Industry and Trade of Vietnam, the DOC has determined the dumping margin for honey products originating from Vietnam is from 410.93 to 413.99% and imposed a corresponding temporary tax rate. It is expected that the final conclusion will be issued in April 2022.

The Ministry of Industry and Trade also recommends that associations and businesses exporting honey to the US need to have a suitable response plan, actively coordinate with the DOC and express their views in the next investigation phase; at the same time, research and develop plans to increase domestic consumption and diversify export products and markets in the long term.

Thi Ha