Coffee exports enjoy major surge to EU market

Thứ Năm, 15/10/2020, 18:20

Germany, the United States, and Italy continued to make up the three largest consumers of Vietnamese coffee during the first eight months of the year, with market shares making up 13.2%, 9.1%, and 8% respectively, according to figures released by the General Department of Vietnam Customs.

This comes as strong export growth was recorded in a number of markets, including Poland with a rise of 46.2%, Denmark with a boost of 32.9%, Cambodia up by 30%, and the Netherlands climbing by 28.5%.

In contrast, coffee exports to Mexico, Laos, and Hungary all endured a downward trajectory of 76%, 74.7%, and 74.2%, respectively.

According to preliminary statistics compiled by the General Department of Vietnam Customs, the nation shipped 100,188 tonnes of coffee abroad with a value of US$184.35 million in August, representing a decline of 8.9% in volume and 6.3% in turnover compared to July’s figures.

Throughout the eight-month period, the country exported over 1.15 million tonnes of coffee, earning US$1.97 billion in the process, with the average price standing at US$1,711 per tonne. This therefore represented a fall of over 2% in both volume and turnover, although marking a slight rise of 0.1% in terms of price compared to the same period from last year.

During the opening nine months of the year, coffee exports reached 1.25 million tonnes worth US$2.16 billion, an annual decrease of 1.4% in volume and 1% in turnover.

VOV