Viet Nam pockets US$21 million from tea exports in January
01/03/2024 14:24 88
Viet Nam earned over US$21 million from exporting 13,398 tons of tea in January, up 85 percent in both value and volume against the same period last year, the General Department of Viet Nam Customs reported.
Pakistan was the largest importer of Vietnamese tea during the reviewed period by purchasing over 4,500 tons worth US$9.2 million. It was followed by Taiwan, the U.S., and Poland.
The average export prices to some key markets in January reached US$1,300 to US$1,600 per ton. However, in several markets, such as Germany, the average export price reached US$7,579 per ton.
The Vietnamese Tea Association (VITAS) encouraged Vietnamese businesses to facilitate the application of advanced technology and trade promotion activities by increasing direct meetings with foreign buyers and diversifying the types of Vietnamese tea booths at international exhibitions.
The whole country has 120,000 hectares of land for tea cultivation, and 257 tea processing enterprises with a total designed capacity of 5,200 tons of fresh buds per day.
Last year, Vietnamese exporters shipped 121,000 tons of tea worth US$211 million, down 16.9 percent in volume and 10.9 percent in value year-on-year.
Source: VGP
