Germany becomes biggest market for Vietnamese coffee
Coffee exports in the first nine months of this year decreased in volume but increased in turnover, with Germany being the largest market for the product.
Illustrative photo (Source: nongnghiep.vn)
Coffee exports in the first nine months of this year decreased in volume but increased in turnover, with Germany being the largest market for the product.According to the Vietnam Industry and Trade Information Centre, Vietnam shipped 1.18 million tonnes of coffee overseas for 2.23 billion USD, down 5.4 percent in quantity but up 3.4 percent in turnover and 9.2 percent in price annually.
The lion’s share of the total export volume, at 181,014 tonnes, was sold to Germany, reeling in 319.52 million USD. The figures represented a decrease of 1 percent and an increase of 13.8 percent from the same period last year, respectively.
The US came as the second biggest market of Vietnamese coffee between January and September, spending 189.42 million USD on 96,472 tonnes, dropping by 13.9 percent and 5 percent year-on-year.
The amount of coffee exported to Italy during the period, meanwhile, reached 100,464 tonnes, reeling in 171.82 million USD. These meant annual deceases of 11.9 percent and 4 percent, respectively./.
en.vietnamplus.vn
Related News
Vietnam's exports to Canada lead among CPTPP countries
09:41 | 25/04/2024 Headlines
VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
Many new regulations aim to drastically remove the IUU "Yellow Card"
15:36 | 24/04/2024 Headlines
VCN - Many new regulations against illegal, unreported, unregulated (IUU) fishing have been issued to help Vietnam complete the legal framework and soon remove the IUU "Yellow Card" in 2024.
Take advantage of e-commerce leverage for export
13:25 | 20/04/2024 Import-Export
VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Latest News
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
More News
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Early warnings reduce risks in trade defense
18:09 | 21/04/2024 Import-Export
VCN - In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated
Your care
Latest
Most read
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
VCN - According to experts, in value chain links, agricultural cooperatives both play a role in promoting links between farmer households through collective economic activities to organize production and promote vertical linkages with businesses along the
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
VCN - According to the latest statistics of the General Department of Customs, the import-export turnover between Vietnam and China in March reached US$ 16.32 billion, including Vietnam's exports achieved US$5.15 billion, imports reached US$11.17 billion.
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
