Business
Coffee exports up in volume, value in six months
Vietnam fetched US$2.12 billion from exporting 1.04 million tonnes of coffee in the first half of the year, up 31.7% in volume and 24.7% in value over last year’s same period.
According to the Ministry of Agriculture and Rural Development (MARD), 109,000 tonnes of coffee were shipped in June alone, grossing US$229 million.
During the six month period, the average export price hovered around US$2,025 per tonne.
Germany and the US remain the two largest importers of Vietnamese coffee with market shares of 14.35% and 9.76%, respectively.
Belgium saw the strongest growth rate as coffee exports to this market rose 2.73 times in volume and 2.53 times in value over last year’s first five months.
In the reviewed period, coffee exports to some African countries obtained high growth. Meanwhile, exports of Vietnamese instant coffee to northern Africa is still limited. Customers there favour sweet coffee and don’t consider Vietnamese coffee sweet enough.
Germany and the US remain the two largest importers of Vietnamese coffee with market shares of 14.35% and 9.76%, respectively.
Belgium saw the strongest growth rate as coffee exports to this market rose 2.73 times in volume and 2.53 times in value over last year’s first five months.
In the reviewed period, coffee exports to some African countries obtained high growth. Meanwhile, exports of Vietnamese instant coffee to northern Africa is still limited. Customers there favour sweet coffee and don’t consider Vietnamese coffee sweet enough.
