Vietnam shipped six tonnes of tea worth 74,000 USD to Australia in the first half of 2021, showing year-on-year surges of 62.1 percent in volume and 85 percent in value, according to the Agency of Foreign Trade at the Ministry of Industry and Trade.
The Vietnamese tea sector saw positive signs in exports in the first two months of 2021 when shipping 17,000 tonnes abroad and earning 29 million USD, down 1.6 percent in volume but up 11 percent in value year-on-year.
Vietnam’s tea industry is projected to meet the targets set for this year and earn total revenue of some 522 million USD, with green tea making up 51 percent and black tea 48 percent.
Vietnam suffered a reduction of tea exports in the first quarter of this year due to the impact of the COVID-19 pandemic, according to the Ministry of Agriculture and Rural Development.
Vietnam exported 26,000 tonnes of tea in the first quarter of 2019, earning a turnover of 45 million USD, up 2.1 percent year-on-year in volume and 15.4 percent year-on-year in value.
Vietnam’s rice exporters could be set for a big first quarter, with demand from the Philippines and Indonesia being forecast to increase due to the impact of recent natural disasters.
This year, Vietnam has cultivated about 125,000 hectares of tea, including 110,000 hectares for commercial purpose which produced 8.5 tonnes of tea per hectare, according to the Vietnam Tea Association (VITAS).
Vietnam’s tea exports are forecast to increase in both volume and value in the remaining months of 2017 due to growing global demand and limited supply.
Vietnam’s tea sector is aiming to export 150,000 tonnes and earn a turnover of 250 million USD in 2017, announced the Ministry of Agriculture and Rural Development (MARD).
Tea exports in the past 11 months reached 118,000 tonnes, bringing home 197 million USD, increasing 7.1 percent in volume and 4.3 percent in value compared to the same period last year.