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US$2.54 billion earned from coffee exports in eight months 

 Monday, September 24,2018

AsemconnectVietnam - Vietnam exported 1.33 million tons of coffee worth of over US$2.54 billion in the first eight months of this year, increased by 29.5 per cent in quantity and 8.6 per cent in value over the same period last year, showed the preliminary statistics figures of the General Department of Customs.

In August only, the country’s coffee exports increased by 15.4 per cent in quantity and 13 per cent in value over the previous month to 153,300 tons worth of $282.17 million. The figure was up by 61.3 per cent in quantity and 27 per cent in value over the same month of last year.

EU was the biggest coffee export market of Vietnam in the first eight months of this year with 514,042 tons worth of $944.16 million, accounted for 38.8 per cent of the total quantity and 37.2 per cent of the total value, up by 15 per cent in quantity but down by 4.3 per cent in value over the same months of 2017.

Of the figure, the exports of coffee to Germany reached 177,049 tons worth of $319.31 million, up by 12.3 per cent tin quantity but down by 7.3 per cent in value over the same period last year; to Italy – 97,690 tons worth of $180.32 million, up by 9.2 per cent in quantity but down by 8.7 per cent in value; to Spain – 84,645 tons worth of $154.39 million, up by 19.6 per cent in quantity but down by 0.3 per cent in value year – on – year.

The country’s exports of coffee to the South East Asian countries in the first eight months of this year rocketed by 140.4 per cent in quantity and 101 per cent in value over the same period last year to 185,769 tons worth of $358 million.

Meanwhile, the exports of coffee to the U.S reached 130,230 tons worth of $247.65 million, down by 6.7 per cent in quantity and 21.8 per cent in value.

The exports of coffee to Japan in the first eight months of this year totaled 74,776 tons worth of $149.32 million, up by 15.1 per cent in quantity but down by 2.9 per cent in value; to Russia – 61,919 tons worth of $130.69 million, up by 106.5 per cent in quantity and 66.6 per cent in value.

Especially, the exports of coffee to Indonesia rocketed by 993 per cent in quantity and 700 per cent in value to 59,613 tons worth of $117.39 million; to South Africa – up by 363.9 per cent in quantity and 286.5 per cent in value to 7,423  tons worth of $13.1 million; to Greece – up by 150.9 per cent in quantity and 103.3 per cent in value to 8,907 tons worth of $15.99 million; to Cambodia – up by 25.9 per cent in quantity and 112.6 per cent in value to 258 tons worth of $1.88 million.

However, the exports of coffee to Singapore fell by 34 per cent in quantity and 49 per cent in value; to Switzerland – down by 42.2 per cent in quantity and 47.4 per cent in value; and to Mexico – down by 13.3 per cent in quantity and 28.8 per cent in value.

Coffee exports in the first 8 months of 2018
– source: VITIC – according to the figures of the General Department of Customs
Market
First 8 months of 2018
First 8 months of 2018 vs. same period of 2017 (%)*
Quantity (ton)
Value (US$)
Quantity
value
Total
1,326,498
2,538,551,620
29.48
8.61
Germany
177,049
319,305,902
12.34
-7.26
The U.S
130,230
247,652,776
-6.68
-21.79
Italy
97,960
180,322,324
9.18
-8.66
Spain
84,645
154,393,725
19.63
-0.26
Japan
74,776
149,320,065
15.12
-2.92
Russia
61,919
130,688,030
106.52
66.62
Indonesia
59,613
117,392,781
993.42
700.04
The Philippines
57,176
107,783,431
67.6
46.63
Algeria
50,350
92,382,833
30.21
9.57
Belgium
49,869
89,131,576
2.43
-15.38
Thailand
43,710
80,790,561
94.26
55.21
India
40,576
68,997,989
37.32
14.64
China
27,900
68,177,965
44.65
21.95
Britain
34,300
62,340,714
55.87
22.45
Malaysia
23,951
47,297,442
78.85
51.71
South Korea
22,018
47,253,488
-9.61
-18.64
France
26,012
46,647,285
8.48
-7.93
Mexico
24,128
41,348,313
-13.34
-28.84
Australia
15,655
29,935,990
87.89
50.2
Poland
10,354
24,991,192
6.65
-2.48
Portugal
11,875
21,644,547
40.58
15.89
Egypt
10,381
18,095,285
83.77
55.2
The Netherlands
8,240
17,067,779
-0.82
-15.44
Greece
8,907
15,992,743
150.9
103.3
Israel
5,361
14,515,789
20.88
-8.18
South Africa
7,423
13,097,446
363.94
286.48
Romania
2,925
8,858,325
-7.35
-3.15
Canada
3,754
7,430,663
-10.34
-23.98
Denmark
1,906
3,465,023
110.84
77.17
New Zealand
1,735
3,172,034
84.18
45.47
Singapore
1,061
2,860,191
-33.98
-48.97
Cambodia
258
1,877,692
25.85
112.58
Switzerland
225
456,041
-42.16
-47.37
CK
Source: VITIC

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