Forecast of Vietnamese coffee and cashew nut exports to the EU this year - 2022
Raw Common Coffee Bean
Cashew Nut Kernel
Vietnam
Published Jan 6, 2022
Tridge summary
Exporting Vietnamese coffee and cashew nuts to the European Union in 2022 is predicted by experts that there will be important steps forward for both objective and subjective reasons.
Original content
Specifically, coffee exported to the EU will have 93% of tax lines to 0% in 2022, when the EVFTA agreement comes into effect. This is a good opportunity for Vietnamese coffee when the EU is the largest coffee consuming market in the world, with import turnover from foreign countries about 10 billion USD/year, accounting for 66% of imports and about 30% of global consumption. With an export value of 939 million USD in the 11 months of 2021, the EU is also Vietnam's largest coffee export market, accounting for nearly 34.8% of the total export turnover of this item. Among EU member markets, Vietnamese coffee is exported mainly to the following countries: Germany ($377 million), Italy ($205 million), Spain ($119 million) and Belgium ($97 million). . According to general information Coffee exports to the EU in 11 months of 2021 only increased slightly by 0.5% (due to a decrease of 11.6% in export volume) compared to the same period in 2020, but among agricultural products To the EU, ...
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