Vietnam's coffee exports rebounded in February

Published Mar 3, 2023

Tridge summary

Vietnam's coffee exports in the first two months of 2023 saw a decrease in both volume and value compared to the same period in 2022, with a total of 323 thousand tons and worth $703 million. The average export price of coffee also experienced a decrease, with Robusta coffee exports seeing a significant drop, while Arabica coffee exports experienced a growth. The markets for Arabica coffee also expanded, including countries like Belgium, Germany, and Spain, while the exports to the Netherlands, the United States, and Japan saw a decrease.

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

Original content

However, according to the Import-Export Department (Ministry of Industry and Trade), in the first two months of 2023, Vietnam's coffee exports reached 323 thousand tons, worth 703 million USD, down 13.1% in volume and down 14 .6% in value over the same period in 2022. In February 2022, the average export price of Vietnam's coffee was estimated at $2,182/ton, up 0.2% compared to January 2023, but down 3.9% compared to February 2022. Generally in the first two months of 2023, the average export price of Vietnam's coffee is estimated at US$2,180/ton, down 1.7% over the same period in 2022. Type structure, in January 2023, exports of Robusta and processed coffee decreased compared to December 2022 and decreased compared to January 2022; In contrast, Arabica coffee exports grew positively. Statistics from the General Department of Customs show that Robusta coffee exports in January 2023 reached 128.56 thousand tons, worth 239.5 million USD, down 27.4% in volume and down 28.3 million ...

Source: Haiquanonline