Coffee exports enjoy double-digit growth in February
VOV.VN - Vietnam exported 180,000 tonnes of coffee worth US$393 million in February, representing a rise of 28.7% in volume and 22% in value on-year, according to figures given by the General Department of Vietnam Customs.
The country shipped 323,000 tonnes of coffee worth US$703 million during the two-month period, marking a fall of 13.1% in volume and 14.6% in value on-year.
February witnessed the average export price of Vietnamese coffee stand at an estimated US$2,182 per tonne, up 0.2% compared to January, but down 3.9% against February, 2022.
The average export price of Vietnamese coffee during the reviewed period stood at US$2,180 per tonne, down 1.7% against the same period from last year.
Most notably, exports of Robusta and processed coffee in January fell compared to January, 2022, while Arabica coffee exports enjoyed positive growth.
Statistics compiled by the General Department of Vietnam Customs indicate that Robusta coffee exports in January reached 128,560 tonnes worth US$239.5 million, down 27.4% in volume and 28.3% in value on-year.
Most notably, exports of Robusta coffee to a number of markets such as Italy, Ecuador, India, and Indonesia in January experienced an upward trend compared to the previous month and against the same period from last year.
Meanwhile, exports of Arabica coffee in January reached 7,210 tonnes, valued at over US$27 million, up 16.1% in volume and 4.3% in value on-year.
In particular, exports of Arabica coffee to markets such as Belgium, Germany, Italy, Ireland, and Spain enjoyed strong growth, while exports to the Netherlands, the United States, Canada, Japan, and Indonesia endured a downward trajectory.
