Vietnam's tea exports in the first half of 2023: Which markets recorded positive growth?

Published Aug 7, 2023

Tridge summary

Tea exports from Vietnam in June 2023 declined by 21.1% in volume and 24.1% in value compared to June 2022. The average export price of tea also decreased by 3.8% during this period. Tea exports for the first half of 2023 showed a similar trend, with a decline of 15.7% in volume and 20.3% in value compared to the same period in 2022. The Pakistani market, the largest market for Vietnam's tea exports, saw a decline in demand due to economic difficulties and a decrease in imports. Taiwan also experienced a significant drop in tea imports from Vietnam due to global inflation and weak consumer demand. However, there was positive growth in tea exports to the Iraqi and Malaysian markets.

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Original content

Source: congthuong.vn According to statistics from the General Department of Customs, tea exports in June 2023 reached 9.7 thousand tons, worth USD 17.1 million, down 21.1% in volume and 24.1% in value. compared to June 2022. The average export price of tea in June 2023 reached 1,771 USD/ton, down 3.8% compared to June 2022. Tea exports in the first half of 2023, which markets recorded positive growth? Accumulated from the beginning of the year to the end of June 2023, tea exports reached 48.3 thousand tons, worth USD 81.5 million, down 15.7% in volume and 20.3% in value over the same period. in 2022. The average export price of tea reached 1,689.5 USD/ton, down 5.4% over the same period in 2022. According to the Import-Export Department (Ministry of Industry and Trade), after the first half of the year faced many difficulties, it is forecasted that tea exports in the second half of 2023 will still face many challenges due to weak demand. Tea exports to the main markets are on a ...

Source: AgroInfo.vn