AsemconnectVietnam - According to the preliminary statistics figures from the General Statistics Office, Vietnam's coffee exports in October of 2023 increased again, reaching 60,000 tonnes, an increase of 17.7% compared to September of 2023, but decreased by 29.7% over the same period of 2022.

The export turnover reached 189 million USD, up by 12.1% over September, but down by 13.6% over the same period of 2022.
Totally in the first 10 months of 2023, Vietnam's coffee exports reached 1,313 million tonnes, down by 9.5% over the same period of 2022; the turnover reached 3.32 billion USD, down by 0.2%.
After 7 consecutive months of increase, the average export coffee price in October turned down, reaching 3,151 USD/tonne, down by 4.8% compared to September, but still up by 23% over the same period of 2022. In the first 10 months of 2023, the average export coffee price reached 2,527 USD/tonne, up by 10.3% over the same period of 2022.
Vietnam is currently exporting coffee to more than 80 countries. In 2022, Vietnam's coffee exports reached over 1.77 million tonnes, with a turnover of over 4.05 billion USD. The EU was a large consumer market, accounting for 38.3% of the country's total coffee export volume.
Vietnam ranks 6th in the world in terms of coffee growing area, with more than 700,000 hectares (after Brazil: 1.9 million hectares; Indonesia: 1.2 million hectares; Colombia, Ethiopia and Ivory Coast each have around 800,000 hectares). However, Vietnam's coffee yield is the highest in the world, 2.8 times higher than Indonesia's coffee yield, so Vietnam has the second largest annual coffee harvest in the world, with 1.75-1.85 million tonnes.
The EU is still the world's largest coffee import and consumer market. In the 2022-2023 crop year (from October of 2022 to the end of September of 2023), the EU imported 47.5 million bags of coffee (60 kg each), an increase of 3 million bags compared to 2022; accounting for 40% of the world's total imported green coffee. The leading coffee suppliers to the EU include: Brazil accounting for 35%; Vietnam accounts for 22%; Uganda accounts for 7%; Honduras accounts for 6%.
CK
Source: VITIC/congthuong.vn