Introduced to Vietnam in the mid-nineteenth century, coffee has become one of the country’s main industrial crops. Vietnam is now the world’s largest producer of Robusta and second largest coffee exporter. Last year, its earnings from overseas shipments of the products hit a record high of about 4 billion USD, up 32% annually.
Vietnam exported 7,420 tonnes of coffee worth 18.77 million USD to the Netherlands in the first two months of the year, up 93.1% in volume and 105.7% in value year on year, according to the General Department of Vietnam Customs.
Vietnam exported 1.46 million tonnes of coffee worth 2.77 billion USD in the first three quarters of 2018, an increase of 20.1 percent in volume and 0.4 percent in value compared to the same period last year.
The volume of coffee exports decreased nearly 23 percent since the beginning of 2017, dragging down overall revenue from overseas shipments of the products.
In the 2016-2017 crop, coffee exports were projected to drop about 20 percent compared to the previous one, but turnover could be equivalent as export prices have risen 30 percent due to global supply
Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning 2.22 billion USD in value, up 7.9 percent, according to Vietnam’s Customs.
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