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Home > News > Food Industry News > Vietnam's coffee exports hit a decade high

Vietnam's coffee exports hit a decade high

foodmate 2023-01-04

According to the Viet Cong e-Newspaper, Vietnam's coffee exports reached US$3.62 billion in the first 11 months of 2022. This is the highest coffee export value in the last 10 years.

 
In November 2022, Vietnam exported 128403 tons of coffee with an export value of US$304 million, an increase of 60% in export volume and 47% in price compared to October 2022.
 
As of the first 11 months of 2022, Vietnam has exported a cumulative 1.57 million tons of coffee, with an export value of US$3.62 billion, with export volume and price increasing by 13% and 34% respectively.
 
In terms of prices, data from the Ministry of Industry and Trade showed that in November 2022, the average export price of Vietnamese coffee reached US$2,371/mt, down 8.5% month-on-month. In the first 11 months of 2022, Vietnam's average coffee export price reached US$2,297/mt, down 3.1% from the same period in 2021.
 
In terms of market, in the first 11 months of 2022, Germany was Vietnam's largest coffee export market with an export value of US$412 million, followed by Italy with US$275 million and the United States with US$262 million.
 
Coffee exports in the past 11 months were the highest in nearly a decade, Vice Minister of Agriculture and Rural Development Feng Duc Kim said at the Vietnam International Coffee Industry Conference 2022 in mid-December. It is estimated that by the end of 2022, Vietnam's coffee exports will reach 39 billion to 40 billion US dollars. 

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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