Pakistan represents Vietnam's largest tea export market in first half
Society – Economy - Ngày đăng : 17:16, 28/07/2024
According to data from the General Department of Customs, from the beginning of the year to mid-July, Vietnam exported 68,736 tons of tea, an increase of 30% over the same period from last year.
The average export price of tea reached US$1,718 per ton, up 1.2% on-year, bringing the cumulative tea export turnover up to July 15 to US$118.1 million, up 31% from 2023.
The first half of 2024 witnessed Vietnam export tea to 18 markets with Pakistan importing the most, but compared to the same period from last year, it endured a 13% fall in volume.
Taiwan (China) was the second largest tea export market with 6,762 tons, up 10% on-year, while China was the third largest market with 6,304 tons, up 207% on-year in volume.
Other major markets included the US with 4,053 tons, up 62% on-year and Indonesia with 4,831 tons, up 69% from last year.
In ASEAN, in addition to Indonesia, Vietnam also exported tea to Malaysia with 2,862 tons, up 35% over last year’s corresponding period, raking in US$2 million and to the Philippines with 362 tons, down 26% on-year, grossing US$ 0.9 million.
In terms of turnover, tea export value to Pakistan was the highest at US$33.6 million, down 3% over the same period last year, trailed by Taiwan (China) with US$11.3 million, up 14% on-year.
In terms of price, Germany was the market with the highest average tea export price at US$5,360/ton, followed by the Philippines at US$2,651/ton, and Saudi Arabia at US$2,608/ton.