After many consecutive months of decline in export volume over the same period, coffee exports have rebounded by the end of 2021 and will continue to keep this trend.
According to the Import-Export Department (Ministry of Industry and Trade), after recording a consecutive decrease since February 2021, Vietnam’s coffee exports recovered again in November 2021.
Specifically, statistics from the General Department of Customs show that Vietnam’s coffee exports in November 2021 reached 107.5 thousand tons, worth $241.46 million, up 8.3% in volume and up 11. 1% in value compared to October 2021, 28.3% increase in volume compared to November 2020 and 49.9% increase in value.
In the first 11 months of 2021, Vietnam’s coffee exports reached approximately 1.4 million tons, worth $2.7 billion, down 2.3% in volume, but up 8.3% in value compared to same period in 2020.
In the first 11 months of 2021, Vietnam’s coffee exports to Germany, Japan, Russia and China increased, but exports to the United States, Italy, Spain, Belgium, Algeria and the Philippines decreased.
According to the Import-Export Department, the recovery trend of coffee exports is expected to continue in 2022 thanks to increased global consumption demand.
