Vietnam's imports of Singaporean coffee are increasing

Published 2024년 5월 3일

Tridge summary

In 2023, Vietnam is expected to spend over 3.25 million USD on coffee imports from Singapore, while its coffee exports to Singapore are projected to grow by 20.79% to 3,161 million SGD, making it the ninth largest coffee export partner in Singapore. However, Vietnamese coffee only holds a 2.2% market share in Singapore, with a significant portion of the imports being unroasted Arabica coffee. The Vietnam Trade Office in Singapore is encouraging Vietnamese coffee businesses to increase their market share and directly participate in international exhibitions in Singapore to gain more visibility.

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

Original content

In 2023, Vietnam will spend more than 3.25 million USD importing coffee from Singapore The Vietnam Trade Office in Singapore cited data from the Singapore Business Administration saying that in 2023, Singapore imported coffee from 84 countries and territories with a total turnover of about 142.4 million SGD. Exports grew strongly, Vietnamese coffee only accounted for 2.2% of the market share in Singapore The coffee groups that hold the main market share in Singapore are roasted and ground coffee, unroasted Arabica coffee, roasted unground Arabica coffee, unroasted robusta coffee... Vietnam is the 9th coffee export partner in Singapore. In 2023, Vietnam's coffee export turnover to Singapore will reach 3,161 million SGD, a sharp increase of 20.79% compared to the previous year. The first three months of 2024 increased more than 1.75 times. In the product group structure, in 2023 roasted and ground coffee will have the highest export turnover with more than 1.42 million SGD, followed ...

Source: 24h newspaper