Tea exports record consecutive growth since March
VOV.VN - The export value of Vietnamese tea has shown continuous growth since March, with the average export price in July rising by 3.5% to reach US$1,756.6 per tonne compared to the previous month, according to the Ministry of Industry and Trade.
Most notably, tea exports to Iraq during the seven-month period reached 3,800 tonnes worth US$5.7 million, up 43.3% in volume and 25.3% in value year on year.
Meanwhile, statistics compiled by the General Department of Customs outline that tea exports to several main markets of Vietnam continued to experience a downward trajectory in the reviewed period.
Tea exports to Pakistan fell 11.6% in volume and 10.9% in value year on year to 23,100 tonnes valued at US$ 44.2 million.
Vietnam exported 7,900 tonnes of tea worth US$13.1 million to Taiwan (China), down 35.3% in volume and 46.6% in value, while exports to Russia hit 4,200 tonnes, worth US$7 million, declining by 18.6% in volume and 22.1% in value.
Overall, the country shipped 58,800 tonnes of tea worth US$ 99.9 million abroad during the past seven months, down 15.6% in volume and 19% in value year on year, with the average export price dropping by 4% to US$1,700 per tonne.
According to the International Trade Center (ITC), Turkey increased tea imports between January and May with 6,600 tonnes worth US$12.7 million, up 54.1% in volume and 27.7% in value year on year.
Turkey, an important gateway to the Middle East and a transit point into the EU market for many export products, offers plenty of opportunities for Vietnamese tea to enter this market as the proportion of its tea imports from Vietnam remains low, accounting for just 0.3% in volume.
