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In the first seven months of the year, coffee exports reached 1.1 million tons, equivalent to US$6 billion, up 7.6% in volume and a significant increase of 65.1% in value compared to the same period in 2024. This figure has surpassed the total coffee export value of 2024 ($5.48 billion).
The average export price of coffee in the first seven months was US$5,672.2/ton, up 53.4% over the same period last year.
The three largest coffee consuming markets of Vietnam are: Germany (accounting for 15.3% market share, export value increased by 2.1 times), Italy (accounting for 7.6%, up 47.4%), and Spain (accounting for 7.5%, up 67%).
Among the top 15 export markets, the strongest growth in coffee export value was in Mexico (up 88 times) and the lowest in China (up 24.4%).
The Robust Coffee Bean: A Record-Breaking Brew
November marks the peak harvest season for Vietnamese Robusta coffee, yet coffee prices for this period have soared to a staggering peak of over 5,000 USD per ton.
The Robust Flavor of Vietnam’s Signature Coffee: A Week of Record-Breaking Prices
Robusta coffee prices have surged by almost $500 a tonne over the past week, an incredible 10% rise, peaking at a record-breaking $5,267 per tonne. This unprecedented surge has the industry in a flutter, with prices reaching heights never seen before.
The $440 Billion Trade Surge: FDI Dominance Continues
A staggering $37.17 billion turnover in the latter half of July pushed the total trade value of goods in the first seven months of 2024 to an impressive $440.45 billion, reflecting a significant 17.2% increase compared to the same period last year.
