Vietnam: Coffee exports surpass $5 billion mark for the first time

According to the General Department of Vietnam Customs, Vietnam's coffee exports in the first 15 days of December reached 48,371 tons, worth 263.6 million USD, down sharply by 51.5% in volume and 6.5% in value compared to the same period last year. Previously, the amount of coffee exported in November was also at its lowest level in the same period in more than 15 years. Source: General Department of Customs (compiled by H.Mị) However, from the beginning of the year to December 15, 2024, Vietnam's coffee exports reached 1.26 million tons with a record turnover of 5.2 billion USD, down 16.5% in volume but up 32.4% over the same period in 2023. Although the export volume decreased sharply due to the decrease in output in the 2023-2024 crop year, the turnover still increased sharply, breaking the record set in 2023 thanks to coffee prices continuously breaking the peak. The average export price of coffee from the beginning of the year to now is 4,105 USD/ton, up 58.5% over the same ...