November 23, 2024 | 23:09 GMT +7

  • Click to copy
Wednesday- 16:22, 03/11/2021

Vietnamese coffee exported the most to Germany

(VAN) Vietnam’s coffee exports in the nine months of this year decreased in volume but increased in turnover with Germany being the product's largest market.
Vietnamese coffee exported the most to Germany in the nine months of this year. Photo: TL.

Vietnamese coffee exported the most to Germany in the nine months of this year. Photo: TL.

According to the Industry and Trade Information Centre (Ministry of Industry and Trade), Vietnam’s coffee exports in the first nine months of 2021 reached 1.18 million tons, valued at USD 2.23 billion with an average price of USD 1,883.7/ton. Coffee exports during the nine months of 2021 decreased by 5.4% in volume but increased by 3.4% in value and 9.2% in price compared to the same period 2020.

Vietnam's coffee exports the most to the German market in the first nine months of the year, reaching 181,014 tons, valued at USD 319.52 million with the price of USD 1,765.2/ton, down 1% in volume but up 13.8% in turnover and 14.9% in price over the same period in the year before. Coffee exported to Germany accounted for 15.3% of the total volume and 14.3% of the total turnover of Vietnam’s coffee exports.

The USA is Vietnamese coffee’s second largest consumption market. In the first nine months of the year, coffee exports to the USA reached 96,472 tons, worth USD 189.42 million and priced at USD 1,963/ton. This is a decrease of 13.9% in volume, 5% in turnover but an increase of 10.2% in price in comparison to the same period in 2020, accounting for more than 8% of the total export volume and turnover.

The Italian market ranked third in terms of importing Vietnamese coffee, reaching 100,464 tons, equivalent to USD 171.82 million with an average price of USD 1,710.3/ton, down 11.9% in volume and 4% in turnover but up 9% in price, accounting for 8.5% of the total volume and 7.7% of the total turnover of the country’s coffee exports in the first nine months of the year.

Author: Son Trang

Translated by Samuel Pham

IGC sees global grain stocks tightening

IGC sees global grain stocks tightening

(VAN) In its monthly grain market report, released on Nov. 21, the IGC revised total grains ending stocks lower by 8 million tonnes, to 576 million, a 3.5% decrease from the previous year.

How to escape the 'cheap price trap' for tea exports?

How to escape the 'cheap price trap' for tea exports?

(VAN) Vietnam's tea industry, one of the top five tea-exporting countries in the world, is facing a concerning reality as the average export price of Vietnamese tea is only 67% of the global tea price.

Fruit and vegetable prices surge in Russia, driving inflation

Fruit and vegetable prices surge in Russia, driving inflation

(VAN) Analysts at EastFruit have observed that fruits and vegetables are contributing to inflation in Russia, despite the government's efforts to combat it through fiscal policies and an increase in the key interest rate to 21%.

The importance of tea varieties for the Vietnamese tea industry

The importance of tea varieties for the Vietnamese tea industry

(VAN) Expanding high-quality tea varieties has become a strategic goal for Vietnam's tea industry to increase export value and escape the 'cheap price trap' when exporting tea to global markets.

Developing OCOP products to reach export markets worldwide

Developing OCOP products to reach export markets worldwide

(VAN) After implementing the OCOP program, several products from Bac Kan Province have established a strong presence in the market and are moving towards export.

Nearly 10 tons of bird's nest were exported to China

Nearly 10 tons of bird's nest were exported to China

(VAN) On November 20, a Vietnamese company exported nearly 10 tons of bird's nest to China's market through the Bac Luan II border gate in Quang Ninh.

Halal certification helps enhance the position of Vietnamese agricultural products

Halal certification helps enhance the position of Vietnamese agricultural products

(VAN) Many businesses believe that Halal market is huge and has a lot of potential; even in Vietnam, there are Muslims, and improving product quality is important.

Read more