Vietnam's tea product was purchased by China at record-high prices, earning hundreds of millions of dollars in the first 9 months of the year
China
Vietnam
Market & Price Trends
Published Nov 13, 2023
Tridge summary
Vietnam's tea exports in September 2023 declined by 9.2% in volume and 13.9% in value compared to August. Overall, tea exports for the first nine months of the year decreased by 14.2% in volume and 15.9% in value compared to the same period in 2022. Pakistan, Taiwan (China), and Russia were the top three markets for Vietnamese tea consumption during this period.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Source: markettimes.vn Illustration According to preliminary statistics from the General Department of Customs, Vietnam's tea exports in September 2023 reached 11,054 tons with a value of more than 18.9 million USD, down 9.2% in volume and down 13.9%. in value compared to August 2023. Overall, in the first 9 months of the year, tea exports earned more than 140 million USD with 81,979 tons of export goods, down 14.2% in volume and 15.9% in value compared to the same period in 2022. Regarding market structure, Pakistan, Taiwan (China) and Russia are the three largest Vietnamese tea consumption markets in the first 9 months of the year. Specifically, tea exports to Pakistan in the first 9 months of the year reached 33,406 tons with a value of more than 64 million USD, down 12.3% in volume and down 10% in value compared to the same period in 2022. The export price reached 1,931 USD /ton, a slight increase of 2.6%. The second largest market for Vietnamese tea is Taiwan (China). In 9 ...
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