Germany becomes biggest market for Vietnamese coffee
Germany becomes biggest market for Vietnamese coffee
Coffee exports in the first nine months of this year decreased in volume but increased in turnover, with Germany being the largest market for the product.
According to the Viet Nam Industry and Trade Information Centre, the country shipped 1.18 million tonnes of coffee overseas for US$2.23 billion, down 5.4 per cent in quantity but up 3.4 per cent in turnover and 9.2 per cent in price annually.
The lion’s share of the total export volume, at 181,014 tonnes, was sold to Germany, reeling in $319.52 million. The figures represented a decrease of 1 per cent and an increase of 13.8 per cent from the same period last year, respectively.
The US was the second biggest market of Vietnamese coffee between January and September, spending $189.42 million on 96,472 tonnes, dropping by 13.9 per cent and 5 per cent year-on-year, respectively.
The amount of coffee exported to Italy during the period, meanwhile, reached 100,464 tonnes, reeling in $171.82 million. These meant annual deceases of 11.9 per cent and 4 per cent, respectively.
