Vietnamese tea export value to China skyrockets
VOV.VN - The export value of Vietnamese tea to China in the initial two months of the year quadrupled from the same period last year, according to the General Department of Vietnam Customs.
Most notably, China imported 426 tonnes of tea from Vietnam in two months, representing a rise of 121% in volume and up to 411.2% in value.
The average tea export price in February alone surged by over 10% to more than US$1,641 per tonne.
China’s reopening of its border after the COVID-19 pandemic was the main factor which prompted tea exports to this huge market to grow strongly, reported the Ministry of Industry and Trade.
Meanwhile, two-month tea exports to Pakistan also enjoyed an upward trend, reaching 5,300 tonnes worth US$9.4 million, up 5.8% in volume year on year.
Although Taiwan (China) is Vietnam’s second largest tea consumer, tea exports to this market declined slightly over two months. statistics show Vietnam shipped 1,500 tonnes worth US$2.4 million to the market, down 8.1% in volume but up 3.8% in value year on year.
Statistics also indicate that while Vietnamese tea exports to Russia, Indonesia, and the United States endured sharp falls, exports to other markets such as Iraq, China, and Saudi Arabia increased significantly.
Overall, Vietnam exported 13,600 tonnes of tea worth US$22.6 million over two months, down 7.9% in volume and 3.1% in value compared to last year’s corresponding period, but the average export price of tea soared by 5.2% to more than US$1,643 per tonne.
