Euro 2024 host country spends hundreds of millions of dollars importing Vietnamese coffee

Published Jun 24, 2024

Tridge summary

Vietnam has reached a record high in coffee exports from January to June 2024, with over 862,400 tons exported and earning more than 3 billion USD, despite a decrease in volume. The average export price per ton of coffee increased by 14% in May 2024 compared to April and by 66% compared to May 2023. Germany continues to be the largest consumer of Vietnamese coffee, followed by Italy, Japan, Spain, and Russia. Domestic coffee prices in Vietnam remain high, with each German consuming more coffee than beer. Vietnam ranks as the second largest coffee exporter to Germany, accounting for 19% of Germany's coffee import market share.

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Original content

Germany is still the largest export market for Vietnamese coffee, and Germans drink more coffee than German beer. According to data from the General Department of Customs, from the beginning of the year to June 15, 2024, Vietnam's coffee exports have reached more than 862,400 tons, worth more than 3 billion USD, down more than 8% in volume but up 38%. % in value compared to the same period in 2023. This is also a record high compared to the same period in previous years. Germany and China like to drink Vietnamese coffee In May 2024, Vietnam's average coffee export price reached 4,275 USD/ton, up 14% compared to April and up 66% compared to May 2023. In the first 5 months of 2024, Vietnam's average coffee export price reached 3,475 USD/ton, up 41% over the same period last year. In the first 5 months of 2024, Vietnam reduced coffee exports to Germany, Italy, the US, and Russia, but increased exports to Spain, Japan, Indonesia, the Philippines, the Netherlands, and China. Quoc. ...

Source: 24h newspaper