China boosts buying Vietnam’s tea in the first half of this year

According to the Agency of Foreign Trade (Ministry of Industry and Trade), from January to June, tea exported was estimated at 58,000 tons, worth 95 million USD, up 0.1% in volume and 5% in value year on year. The average price of export tea in the period was estimated at USD 1,643.6 per ton, up 4.8% interannually.

Vietnam tea export to Pakistan made up a lion’s share in the first five months of this year of 13.23 tons, worth USD 25.4 million, up 9.2% in quantity and up 12.3% in value against the same period last year.

Tea export to Taiwan market reached 6.5 tons, worth USD9.94 million, an increase of 16.4% in value and 15.8% in value.

Notably, tea exports to the Chinese market increased sharply in the first 5 months of 2021, reaching 4.55 thousand tons, valued at USD 6.76 million, up 104.8% in volume, and up 87.7% year on year.

Tea exports to the markets of Iraq, Malaysia, and India also increased strongly in the first 5 months of 2021. In which, exports to the Indian market reached 1.4 thousand tons, worth USD 1.74 million, an increase of 560.5% in volume and 457.5% in value over the same period in 2020.

Continues the growth impetus in the first half, it is forecasted that in the last half of this year, Vietnam tea export will grow positively thanks to the improvement of global demands. Other economies are entering the recovery phase after Covid-19 vaccination and agreements of CPTPP, EVFTA, UKFTA among others are believed to facilitate the export path of Vietnam tea to partner markets with tax incentives.