Tea exports in the first eight months increased by 3.5%, although consumption in many markets decreased

Published 2020년 9월 9일

Tridge summary

The article reports on Vietnam's tea export performance in the first eight months of 2020, as detailed by the Department of Agricultural Product Processing and Market Development. Despite an increase in export volume by 3.5% to 84,000 tons, the export value dropped by 6.2% to $134 million compared to the same period in 2019. This decline is largely due to a significant decrease in exports to China, with its tea imports experiencing a 7.3% drop in volume and 20.8% drop in value. Despite these global market challenges, Vietnam's domestic tea prices remained stable in August 2020.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development) said that the tea export volume in August 2020 was estimated at 13,000 tons with a value of $ 21 million, bringing the volume and value of tea exports in the first eight months of the year. 2020 reaches 84,000 tons and 134 million USD, up 3.5% in volume but down 6.2% in value over the same period in 2019. In the first 8 months of 2020, due to the negative impact of the COVID- 19, tea exports to many markets plummeted, especially to the Chinese market. The pandemic strongly affected China's tea imports, significantly reducing both volume and value. Specifically, in the first half of 2020, China imported about 17,000 tons of tea, with a value of USD 71.6 million, down 7.3% in volume and 20.8% in value over the same period. In which, tea exports in the first half of 2020 from Vietnam to China decreased by about 13.2% in volume and 54.2% in value compared to the ...

Source: Vietnambiz