Vietnam ranks second among top five suppliers of coffee to Italy
VOV.VN - Vietnam has been placed second among the top five suppliers of coffee to the Italian market, with its coffee exports witnessing a rise in both volume and value during the initial nine months of the year, according to the Ministry of Industry and Trade (MoIT).
Statistics show the country exported 117,850 tonnes of coffee worth US$262 million to Italy, up 6.7% in volume and 10.8% in value compared to the same period last year.
The average export price of Vietnamese coffee edged up 3.9% year on year to US$2,224 per tonne.
Its major coffee products are Robusta, Arabica, and processed coffee varieties. Most notably, the export proportion of Robusta coffee rose from 93.32% in the opening nine months last year to 96.29% this year.
In contrast, the export proportion of Arabica and processed coffee dropped from 5.52% and 1.16% during the nine-month period last year to 2.56% and 1.15% this year, respectively.
According to the statistical office of the EU (EUROSTAT), Italy boosted coffee imports from Vietnam and Tanzania, although it reduced imports from markets such as Brazil, Uganda, and India in the reviewed period.
Italy increased coffee imports significantly from Tanzania, up 156.8% in volume and 154.3% in value against the same period from last year, with 14,300 tonnes worth US$35 million.
