Germany becomes biggest market for Vietnamese coffee

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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.

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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./.

Source: VNA

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