Vietnam earns over $2B from coffee exports
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Coffee is an export highlight of agricultural products in the first half of 2023, as the industry’s export revenue earned $2 billion in the period, the General Department of Customs has announced.
According to statistics from the department, as of June 15, the country exported 934,900 tonnes of coffee, down 3.7% compared to the same period in 2022 with export prices increasing nearly $2 per tonnes.
The sector has been listed in “one-billion-USD” club since 2010 and reached its peak of $4.056 billion in 2022. The club includes exports that fetch at least $1 billion a year.
Vietnamese coffee has been present in 38 markets worldwide, of which it enjoys an export turnover of over 10 million in 25 markets and more than $100 million in six traditional ones.
If export turnover reaches about $360 million a month from now until end of this year, the sector will set a new record of $4.5 billion in 2023, an increase of 10.9% compared to 2022.
Questions & Answers
Q.What was the total volume of coffee exported by Vietnam in the first half of 2023?
What was the total volume of coffee exported by Vietnam in the first half of 2023?
As of June 15, Vietnam exported 934,900 tonnes of coffee. This figure represents a 3.7% decrease compared to the volume exported during the same period in 2022.
Q.How many markets worldwide does Vietnamese coffee reach?
How many markets worldwide does Vietnamese coffee reach?
Vietnamese coffee is currently present in 38 markets globally. Of these, 25 markets generate an export turnover exceeding $10 million, with six traditional markets contributing over $100 million each.
Q.What target must the coffee sector meet monthly to achieve a new export record in 2023?
What target must the coffee sector meet monthly to achieve a new export record in 2023?
To set a new record of $4.5 billion in 2023, the coffee sector needs to achieve an export turnover of approximately $360 million per month for the remainder of the year. This would be a 10.9% increase on 2022's total.
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