Vietnam’s coffee exports to likely top 5 billion USD for first time
(VOVWORLD) - Coffee prices have increased by over 50% on average this year, enabling Vietnam’s export revenue to potentially surpass 5 billion USD for the first time.
Export prices during the first 11 months of 2024 averaged 4,037 USD per tonne, up 57% from the same period in 2023, according to the Ministry of Agriculture and Rural Development.
Germany, Italy, and Spain are the three largest markets for Vietnamese coffee. Exports grew in all the top 15 markets, with the most significant increases seen in Malaysia and the Philippines – both more than doubling.
This year's export revenue is predicted to set a new record of 5.5 billion USD.