vietnam coffee export ranking

Coffee was introduced to Vietnam by the French in 1857. The average value of coffee exports is around US$3 billion per year, accounting for over 10% of the country’s total agricultural exports, although representing only 1.2% of the total value of all commodities, goods and services exports. In 2010, global coffee net-exports is projected to reach 5.5 million tonnes (92 million bags). Ending stocks are forecast to grow 600,000 bags to 7.0 million. Vietnam is predicted to surpass Brazil and become the leading country to export coffee. Exports in Vietnam decreased to 25.45 USD Billion in November from 27.26 USD Billion in October of 2020. Figures have been rounded. Last year, the country earned $3.5 billion from export of 1.88 million tonnes, up 20 per cent in volume compared with 2017. With a total value of $17.2 billion, Japanese imports from Vietnam were less than half the value of U.S. imports from Vietnam. Petrovietnam Gas (petroleum/natural gas) Samsung Electronics (electronics) As a Premium user you get access to background information and details about the release of this statistic. Source: Vietnam Customs Figure 1 shows coffee exports in the first half of marketing year, from MY15/16 to MY18/19. Vietnam has emerged as an important electronics exporter, with electrical and electronic products overtaking coffee, textiles, and rice to become the country’s top export item. <> Statista. Figures prior to 2015 from previous reporting. Vietnam is the second largest coffee producing nation in the world – 1,650,000 metric tons in 2016 alone. This is due to high ending stocks, expected relatively good production, and higher green bean exports. Coffee industry has long been one of the most important parts of Vietnamese economy. Vietnam has become an important source of Robusta coffee for many large coffee roasters, due to its vast availability and reasonable value. Vietnam is the world’s second largest producer and exporter of coffee. Việt Nam has exported coffee to more than 80 countries and territories, ranking second in the world and first in term of Robusta coffee exportation. This biannual report, published in June and December, includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in coffee. and over 1 Mio. Merchandise Trade statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Vietnam remains the second in the list of the top coffee producing countries 2018. One company, Vietin Bank is a regional bank. June 14, 2019. Widely grown throughout the tropics, coffee is an important export crop for many developing countries and also a major contributor to the livelihood of local farmers. Vietnam has surpassed Brazil to become the largest coffee exporter in the world. In 2017 alone, Nutifood spent VND1 trillion on projects developing high-quality coffee growing area in Dak Lak province, especially Phuoc An Farm. In 2018, the countries that had a largest trade value in exports than in imports of Coffee were Brazil ($4.46B), Vietnam ($3.03B), Colombia ($2.24B), Switzerland ($1.71B), and Honduras ($1.02B).. As a Premium user you get access to the detailed source references and background information about this statistic. In this regard, Arabica coffee exports in is facing a lot of challenges when it comes to … Research Note: Import numbers rarely match the source exporters’ stats.Reasons for import-export statistical discrepancies include re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Corporate solution including all features. Trade Map is free to use and provides trade statistics and market access information for export development. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Purchase the Coffee in Vietnam country report as part of our coffee market research for November 2019. In fact, Brazil is the only country in the world that exports more coffee than Vietnam. The designations employed and the presentation of material in this information product do not imply the Think of coffee and you will probably think of Brazil, Colombia, or maybe Ethiopia. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Brazil and Vietnam grow the bulk of the world’s total output, whilst the European Union is the largest total importer followed by the United States. International Coffee Organization 222 Gray's Inn Road, London WC1X 8HB Tel: +44 (0)20 7612 0600 Fax: +44 (0)20 7612 0630 Email: web@ico.orgweb@ico.org Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). The following is a list of countries by coffee exports.Data is for 2012 & 2016, in millions of United States dollars, as reported by The Observatory of Economic Complexity.Currently the top twenty countries (as of 2016) are listed. 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