Coffee export reached a record high.

(VAN) Coffee export in the first quarter of this year was notable in both quantity and value, reaching the highest level of export in a single quarter ever.

Vietnamese tea and coffee have potential to enter the Indian market

Vietnamese coffee can enter Taiwan through deep-processed coffee

Spreading the coffee replanting movement from Project VnSAT

Belgium to become the second largest market for Vietnamese coffee

Coffee exports in the first quarter reached $1.3 billion. Photo: TL. — Coffee exports in the first quarter reached $1.3 billion. Photo: *TL.*

According to the General Department of Customs, Vietnam's coffee export in the first quarter of 2022 reached 581.7 thousand tons, worth $1.3 billion, up 28.3% in volume and 60.2% in value compared to the first quarter of 2021. This is the record high that coffee export has ever reached in a quarter.

In the first quarter, coffee exports to all regions of the world increased sharply compared to the same period in 2021. Of which, coffee exports to the European region increased the most, up 92.6%. The proportion of coffee export to Europe accounted for 54.39% of total export value in the first quarter of 2022, much higher than the proportion of 40.71% in the first quarter of 2021.

In contrast, the share of coffee exports to Asia decreased from 45.62% in the first quarter of 2021 to 32.7% in the first quarter of 2022.

The Agency of Foreign Trade (Ministry of Industry and Trade) forecasted that in the second quarter of this year, Vietnam's coffee exports will continue to increase thanks to abundant supply and Free Trade Agreements, creating a competitive advantage for Vietnamese coffee.

However, after a sharp increase in coffee prices in the first months of 2022, in March and April, coffee prices decreased due to the pressure of abundant supply and reduced demand in the short term due to high inflation.

Author: Son Trang

Translated by Hoang Duy

Related news

Global output of key food commodity crops on course for new records

Markets

(VAN) Noting risks, report examines impacts of avian influenza, changing trade patterns since 2022, fish fraud, and shipping industry’s net-zero goals.

Vietnam-IWPA: Cooperation in developing transparent and sustainable wood supply chain

Markets

(VAN) Mr. Tran Quang Bao, General Director of the Forestry and Forest Protection Department, met and worked with the International Wood Products Association to promote cooperation in the field of timber trade.

China's rare earth exports jump 23% in May despite export curbs

Markets

(VAN) China's outbound shipments of rare earths in May jumped 23% on the month to their highest in a year, though Beijing's export curbs on some of the critical minerals halted some overseas sales.

Sustaining long-term investment momentum for Vietnamese agricultural products

Markets

(VAN) To sustain capital flow, administrative reform alone is not enough; what farmers truly need is an ecosystem where both government and businesses grow together in support.

Opening the agricultural trade gateway across the Pacific

Markets

(VAN) Vietnam and the United States are proactively working together, each in their own way, to ensure that every container of agricultural goods carries not just products, but also long-term trust and value.