Vietnam’s tea exports fall in both volume and revenue
Vietnam’s tea exports in the first eight months of 2018 dropped 10.1 percent year on year in volume to 81,000 tonnes, and 7.4 percent in value to 133 million USD, according to the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) - Vietnam’s tea exports in thefirst eight months of 2018 dropped 10.1 percent year on year in volume to 81,000tonnes, and 7.4 percent in value to 133 million USD, according to the Ministryof Agriculture and Rural Development (MARD).
Pakistan was the largest consumption market ofVietnamese tea with export value of 37.3 million USD, 33.6 percent of thetotal. It was followed by Taiwan (China), Russia, China, Indonesia and the US,with respective values of 15.6 million USD, 12.8 million USD, 9.5 million USD,5.4 million USD and 4.3 million USD.
Notably, the export of tea to Pakistan in thefirst seven months of 2018 increased 1,500 tonnes or 9.7 percent compared tothe same period last year.
Export volume to Taiwan (China), China, Malaysia and the US alsorespectively rose 4.8 percent, 6.1percent, 16.2 percent and 7.1 percent.
However, strong falls of tea export were reported in Russiaand Saudi Arabia in the January-July period, dropping 1,300 tonnes or 13.2percent and 2,000 tonnes or 60.9 percent, respectively.
TheDepartment of Farm Produce Processing and MarketDevelopment under the MARD said domestic tea enterprises arefacing difficulties caused by the trade war between the US and China.
It is necessary to have policies to support domestic tea firms in accessing capitaland investing in technologies for intensive processing of tea products, thedepartment said.
Attention should be also paid to devising measures to increase domesticconsumption of tea, and diversifying tea products, especially organic and specialtyproducts, towards increasing added value, it noted.-VNA
Vietnam exported 48,000 tonnes of tea in the first five months of this year, raking in 73 million USD, representing year-on-year increases of 14.3 percent in volume and 12.4 percent in value.
Vietnam’s tea exports are forecast to increase in both volume and value in the remaining months of 2017 due to growing global demand and limited supply.
Vietnam’s tea exports as of mid-July dropped 11 percent year on year in volume to 61,530 tonnes, and 6.9 percent in value to 99.94 million USD, according to statistics from the General Department of Vietnam Customs.
Vietnam’s tea exports dropped 11% year on year in volume to 61,530 tonnes, and 6.9 percent in value to nearly 100 million USD as of mid-July, according to the General Department of Vietnam Custom.
Vietnam earned 109 million USD from exporting 67,000 tonnes of tea in the first seven months of 2018, a year-on-year decrease of 12.9 percent in volume.
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Illustrative image (Source: VNA) 
