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Vietnam’s tea exports still in downtrend

Vietnam earned 109 million USD from exporting 67,000 tonnes of tea in the first seven months of 2018, a year-on-year decrease of 12.9 percent in volume.
Vietnam’s tea exports still in downtrend ảnh 1 Vietnam ships 10,000 tonnes of tea abroad, earning 18 million USD in July (Source: VNA)

Hanoi (VNA) – Vietnam earned 109 million USD from exporting 67,000tonnes of tea in the first seven months of 2018, a year-on-year decrease of12.9 percent in volume.

According to the department of farm produce processing andmarket development under the Ministry of Agriculture and Rural Development, inJuly alone, the country shipped 10,000 tonnes of tea abroad, earning 18 millionUSD.

The fall in the volume of exported tea was attributed to lowdemand of main importers. Specifically, the volume of Vietnamese tea exportedto Russia – a major importer of Vietnam – decreased by 1,230 tonnes or 14.3percent of Russia’s total import, to the United Arab Emirates down 1,190 tonnesor 57 percent and Indonesia down 427 tonnes or 8.7 percent.

Pakistan remained the largest importer of Vietnamese tea.The export value earned from this market accounted for 32.1 percent ofVietnam’s tea export turnover, or 29.9 million USD, in the first half of thisyear. It was followed by China’s Taiwan, Russia, China, Indonesia and theUnited States.

Vietnam is now the seventh biggest tea producer in the worldand the fifth biggest exporter of the product, said the department.

More than 500 tea factories are operational in the country.Together they produce more than 500,000 tonnes of dried tea leaves annually.-VNA
VNA
#Vietnam #tea export #first seven months #downtrend #Vietnamplus #Vietnam News Agency
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