Vietnam remains world's second biggest coffee exporter
Vietnam's coffee has been shipped to more than 80 countries and territories, making the country the second biggest exporter in the world, with a market share of 14.2%.
Hanoi (VNA) – Vietnam's coffee has been shipped tomore than 80 countries and territories, making the country the second biggest exporter in the world, with a marketshare of 14.2%.
Vietnam exported 112,531 tonnes of coffee worth 266 million USD inAugust, down 4% in volume but up 13% in value, reported the General Departmentof Vietnam Customs.
On an eight-month calculation, Vietnam brought home 2.8 billion USD fromexporting 1.2 million tonnes of coffee, up 40% in value and 11% in volume year-on-year,respectively.
Coffee is one of the six key currency earners with an annual revenue ofover 3 billion USD. Its major markets are Europe, the US, Russia, Japan and theUK. In Europe, Vietnam is the second biggest coffee supplier with a marketshare of 16.1%, behind Brazil with 22.2%.
A🔥t present, Vietnam is home to 97 coffee bean processingplants with an annual capacity of 1.5 million tonnes, 160 coffee roasting, 8instant c🐼offee and 11 coffee blending facilities./.
Vietnamese coffee firms are advised to capitalise on chances offered by free trade agreements (FTAs) to bolster shipments to Japan, as Vietnamese coffee is being favoured by local consumers amid an increasing demand for instant type, according to the Vietnam Trade Office in Japan.
Vietnam is believed to have much room for exporting coffee to Japan, whose hot coffee market is forecast to grow 4.2 percent during 2020 - 2025, according to Cong Thuong (Industry & Trade) newspaper.
Vietnam shipped 889,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up 24.2 and 54 percent year on year, respectively.
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Illustrative image (Photo: VNA) 
