Growing strongly, coffee exports earned nearly 1 billion USD

According to the General Department of Customs, in the first half of February (February 1-15), the country exported 56,279 tons of coffee, with a turnover of 184.36 million USD.

Overall, from the beginning of the year to February 15, the amount of coffee exported reached 294,545 tons, with a turnover of 911 million USD.

Compared to the same period last year, the amount of coffee exported only increased by 16.7% but the turnover increased by 66.85%. Thus, the average value of each ton of coffee exported at the beginning of this year increased higher than the same period last year.

Specifically, the average export value from the beginning of the year to February 15 reached nearly 3,100 USD/ton, up nearly 43% over the same period last year (equivalent to an increase of more than 900 USD/ton).

Vietnam's main coffee export markets are the EU, United States, China, Russia, Indonesia...

In particular, the EU continues to be Vietnam's largest coffee export market with 87,748 tons, turnover of 263.2 million USD (updated according to the market of the General Department of Customs by the end of January 2024). In the EU, key markets such as: Germany reached 26,976 tons; Italy reached 22,915 tons; Spain reached 16,046 tons...

The Vietnam Coffee and Cocoa Association (VICOFA) predicts that 2024 will continue to have many advantages for coffee exports. VICOFA estimates that export turnover in 2024 could reach 4.5 - 5 billion USD. If this expected number is reached, this will be a new record year for coffee export turnover.

Previously, in 2023, Vietnam exported more than 1.62 million tons of coffee, with a turnover of more than 4.24 billion USD, although down 8.7% in volume but increased 4.6% in turnover compared to 2022. .

Source: haiquanonline.com.vn