Vietnamese coffee export turnover exceeds 2 billion USD in five months

Coffee of Dak Nong province is produced according to international standards for export. (Photo: Nguyen Dung/VNA)

In May alone, the country exported 150,000 tonnes of coffee worth 343 million USD, down 4.7 percent and 5.4 percent, respectively.

According to the Ministry of Industry and Trade’s Agency of Foreign Trade, the average price of Vietnamese coffee was estimated at 2,251 USD per tonne, an annual increase of 24 percent.

The agency predicted a rising trend for coffee prices in the time to come. This is an opportunity for coffee exporters, including those from Vietnam, it said.

In 2021, the country's export value of coffee, mainly Robusta, reached 1.52 million tonnes, worth about 3 billion USD, down 2.7 percent in volume, but up 9.4 percent in value year on year.

The Vietnam Coffee and Cocoa Association has targeted an export turnover of 5-6 billion USD from the product in 2030.

TIN LIÊN QUAN
	Vietnam's import-export turnover in the first 5 months of 2022 up 15.6 percent
	Trade revenue set to eclipse 700 billion USD this year
	Vietnam’s internet economy worth 21 billion USD last year
	Crude oil output exceeds target by 23 percent in four months
	Vietnamese rice exports surpassed US$1 billion in the first four months