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Vietnam becomes third largest coffee supplier to US

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.
Vietnam becomes third largest coffee supplier to US ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Vietnam has become the thirdlargest 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 eightmonths, gaining 227.46 million USD, up 5.2% and 35.9% in terms of volume andvalue over the same period last year.

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

During the January-September period, the nation earned 3.06 billion USD fromexporting 1.34 million tonnes of coffee, up 13.1% in volume and an increase of37% 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 globalmarket share of 14.2 percent.

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

Its major markets are Europe, the US, Russia, Japan and the UK. In Europe, Vietnamis 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 annualcapacity of 1.5 million tonnes, 160 coffee roasting, 8 instant coffee and 11coffee blending facilities./.
VNA
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