Vietnam’s tea exports fall 6.9 percent in revenue
Vietnam’s tea exports as of mid-July dropped 11 percent year on year in volume to 61,530 tonnes, and 6.9 percent in value to 99.94 million USD, according to statistics from the General Department of Vietnam Customs.
Vietnam’s tea exports as of mid-July drop 11 percent year on year. (Photo: VNA)Hanoi (VNA) – Vietnam’s tea exports as of mid-July dropped 11 percent year on year in volume to 61,530 tonnes, and 6.9 percent in value to 99.94 million USD, according to statistics from the General Department of Vietnam Customs.
Pakistan was the largest consumption market of Vietnamese tea as it bought 13,400 tonnes worth 29.94 million USD, up 10.8 percent in quantity and 22.3 percent in value compared to the same time last year.
Exports to the US, Saudi Arabia, Malaysia, Germany and the Philippines also rose.
Notably, Vietnamese tea export growth in the US was higher than that of other exporters like China, Argentina, Japan, India and Canada.
Vietnamese tea only occupied 2 percent in the US’s total tea imports, up from the market share of 1.6 percent recorded last year.
A fall in tea exports in recent times has put pressure on the tea industry to enhance product quality amid rapid international integration and fierce competition.
To increase Vietnamese tea value, producers and exporters must work to develop a value chain and pay attention to food hygiene and safety, said a representative from the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority. -VNA
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