Vietnamese tea exports to China surge in Q1
VOV.VN - The export value of Vietnamese tea to China in the first quarter of the year reached US$2.15 million, up 430% from the same period in 2022, according to the General Department of Vietnam Customs.
Statistics show throughout the reviewed period the Chinese market saw Vietnam’s largest export growth, rising by 154% in volume and 430% in value year on year.
The main reason behind the sharp rise is that the average export price of Vietnamese tea to China surged by 108% year on year to US$2,930 per tonne.
In contrast, the United States witnessed the largest decrease among Vietnam’s main tea export markets, declining by 44% in volume and 51% in value over the same period from 2022.
Overall, Vietnam exported 21,323 tonnes of tea and earned US$35.21 million in the first quarter, down 7.1% in volume and 4.1% in value year on year.
Pakistan was the largest consumer of Vietnamese tea, importing 7,582 tonnes worth US$13.41 million. It was followed by China’s Taiwan (2,528 tonnes) and Russia (2,010 tonnes).