The US increased its tea imports from Vietnam in the first half of this year

Published 2020년 8월 27일

Tridge summary

The US saw a decrease in tea imports and exports over the first half of 2020, with volumes dropping by 10.6% to 52,500 tons and values decreasing by 11.7% to $206.1 million compared to the same period in 2019. The average import price of tea fell by 1.2% to $3,928.3 per ton. There was a notable decline in tea imports from major suppliers like Argentina, China, and India, while imports from Vietnam surged by nearly 25% to 2,900 tons, valued at $3.7 million. The US imported mainly black and green tea, but the volumes and values of these imports also decreased, except for imports from Vietnam where there was a significant increase in both types of tea.

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

Original content

Import and Export Department (Ministry of Industry and Trade) cited data from the US International Trade Commission, said that in the first 6 months of 2020, US tea imports reached 52,500 tons, worth $ 206.1 million, down 10, 6% in volume and 11.7 in value over the same period in 2019. The average import price of tea in the US reached $ 3,928.3 / ton, down 1.2% compared to the first 6 months of 2019. In terms of market, the US reduced tea imports from major suppliers such as Argentina, China and India. In particular, the strongest decline from the Chinese market in the first half of 2020. Notably, although the market that supplies the 5th largest tea to the US with the proportion of only 5.5% of the total imports, but US tea imports from Vietnam increased sharply, reaching 2,900 tons, worth $ 3.7 million, up nearly 25% in volume and more than 25% in value over the same period in 2019. The US also said that in the first half of this year, the US imported mainly black tea and green ...

Source: Vietnambiz