Vietnam becomes third largest coffee supplier to US

Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam has become the third largest supplier of coffee to the US over the first eight months of 2022, reported the General Department of Customs.

The Southeast Asian nation exported 96,530 tonnes of coffee to the US in eight months, gaining 227.46 million USD, up 5.2% and 35.9% in terms of volume and value over the same period last year.

Vietnam's coffee market share in the US increased from 6.27% to 6.45%, the VGP cited the source as saying.

During the January-September period, the nation earned 3.06 billion USD from exporting 1.34 million tonnes of coffee, up 13.1% in volume and an increase of 37% in value against the same period last year.

Vietnam's coffee has been shipped to more than 80 countries and territories, making the country the second biggest exporter in the world, with a global market share of 14.2 percent.

Coffee is one of the six key currency earners with an annual revenue of over 3 billion USD.

Its major markets are Europe, the US, Russia, Japan and the UK. In Europe, Vietnam is the second biggest coffee supplier with a market share of 16.1 percent, behind Brazil.

At present, the nation is home to 97 coffee bean processing plants with an annual capacity of 1.5 million tonnes, 160 coffee roasting, 8 instant coffee and 11 coffee blending facilities./.

VNA