In just the first seven months of this year, Vietnam’s coffee exports have smashed all previous records, opening up golden opportunities in international markets and affirming the country’s firm position on the global coffee map.
The Vietnamese coffee industry made a distinct impression in the first two months of this year, with export turnover rising by 26.2% year-on-year to 1.58 billion USD while volume falling by 28.4% to 284,000 tonnes, according to the Ministry of Agriculture and Environment.
Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.
Vietnam’s coffee exports exceeded the 5 billion-USD mark for the first time in the 2023-2024 crop year, that lasted from October 1, 2023 to September 30, 2024.