November 2, 2024 | 05:23 GMT +7

  • Click to copy
Tuesday- 15:30, 11/06/2024

The export of tea to China has grown by three digits

(VAN) The export of tea to China has experienced significant growth in the early months of this year, contributing to the overall growth of tea exports.
The export of tea to China has seen strong growth in the first 4 months of the year.

The export of tea to China has seen strong growth in the first 4 months of the year.

According to the General Department of Customs (Ministry of Industry and Trade), tea exports to China have surged significantly in the first 4 months of 2024, reaching 3.1 thousand tons, worth $ 4.4 million, an increase of 173.6% in volume and 42.4% in value compared to the same period in 2023.

Thus, among Vietnam's largest tea export markets, China has experienced the strongest growth. Additionally, some other markets have also achieved high growth rates in the first 4 months of the year, including Indonesia (increasing by 64.5% in volume and 61.7% in value), the United States (up by 61.2% in volume and 67.6% in value), and Malaysia (rising by 51.1% in volume and 45.3% in value).

However, tea exports to the largest market, Pakistan, have declined. In the first 4 months of the year, tea exports to Pakistan reached 9,761 tons, valued at $ 19.5 million, down by 9.2% in volume and 0.1% in value.

According to the Department of African, Western and Southern Asian Markets (Ministry of Industry and Trade), Pakistan is Vietnam's largest tea market, but Vietnam's market share in Pakistan remains low. Information from the Pakistan Tea Association shows that in the first 4 months of this year, Vietnamese tea accounted for only 0.9% of Pakistan's total tea imports. In terms of value, Vietnam's market share is slightly higher, at 3.6%.

Due to various barriers, especially the lack of market information, Vietnamese tea enterprises still find it difficult to access and secure large orders with Pakistani enterprises.

Despite the decline in tea exports to Pakistan, the strong growth in markets such as China, Indonesia, the United States, Malaysia,..., has resulted in a rapid increase in both volume and value of tea exports in the first 4 months of 2024. Overall, in the first 4 months of 2024, tea exports reached 36.7 thousand tons, valued at $ 60.3 million, up by 25.1% in volume and 23.6% in value compared to the same period in 2023.

Author: Son Trang

Translated by Hoang Duy

Large lobsters hard to sell, farmers suffer heavy losses

Large lobsters hard to sell, farmers suffer heavy losses

(VAN) Farmers in the Southern Central provinces struggle to sell lobsters and suffer heavy losses as their prices are low.

The price of Vietnamese cocoa reaches a record high, but the production reduces

The price of Vietnamese cocoa reaches a record high, but the production reduces

(VAN) The scarcity of cocoa has resulted in a significant increase in its global price. The price of Vietnamese cocoa also reaches a record high, but the production volume decreases.

Entry into the 2,500 billion USD Halal food market: Opportunities to cooperate with several Asian countries

Entry into the 2,500 billion USD Halal food market: Opportunities to cooperate with several Asian countries

 (VAN) South Korea and India are two Asian countries boasting a wealth of experience in the development and distribution of Halal products to consumers, who are ready to collaborate and share their expertise with Vietnam.

Dry fruits, chicken soup prices skyrocket

Dry fruits, chicken soup prices skyrocket

(VAN) Wholesale dry fruit sales have dropped 30% this year as compared to previous year.

Thailand sees fruit prices rise as season ends, exports hit $4.45 billion

Thailand sees fruit prices rise as season ends, exports hit $4.45 billion

(VAN) As Thailand's fruit season draws to a close, there has been a noticeable increase in the prices of durian, mangosteen, rambutan, longkong, and mango.

Caution against the risk of coffee surplus

Caution against the risk of coffee surplus

(VAN) The Vietnamese coffee industry has entered a new season with the question of what the production levels will be for Vietnam and globally in the coming period.

Seaboard milling unit earnings ease in Q3

Seaboard milling unit earnings ease in Q3

(VAN) Seaboard said the decrease in operating income primarily reflected lower margins related to the decline in sales prices.

Read more