Business

Tea export value to China skyrockets

The export value of Vietnamese tea to China in the first two months of this year quadrupled from the same period last year, according to the General Department of Vietnam Customs.
Tea export value to China skyrockets ảnh 1Illustrative image (Photo: vov.vn)
Hanoi (VNA) - The export value of Vietnamese tea to China in thefirst two months of this year quadrupled from the same period last year,according to the General Department of Vietnam Customs.

Chinaimported 426 tonnes of tea from Vietnam in the two months, representing risesof 121% in volume and 411.2% in value.

Theaverage tea export price in February alone surged by over 10% to more than 1,641USD per tonne.

China’sreopening of its border after the COVID-19 pandemic is the main factor behindthe strong growth of tea exports to this huge market, reported the Ministry ofIndustry and Trade.

Teaexports to Pakistan also enjoyed an upward trend, reaching 5,300 tonnes worth 9.4million USD, up 5.8% in volume year on year.

AlthoughTaiwan (China) is Vietnam’s second largest tea consumer, tea exports to thismarket declined slightly over the two-month period. Statistics show Vietnamshipped 1,500 tonnes worth 2.4 million USD to the market, down 8.1% in volumebut up 3.8% in value year on year.

Statisticsalso indicate that while tea exports to Russia, Indonesia, and the UnitedStates saw sharp falls, exports to other markets such as Iraq, China, and SaudiArabia increased significantly.

Overall,Vietnam exported 13,600 tonnes of tea worth 22.6 million USD in the reviewedperiod, down 7.9% in volume and 3.1% in value compared to last year’scorresponding period, but the average export price of the product picked up 5.2%to more than 1,643 USD per tonne./.
VNA
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