Vietnam Coffee Export worth $4.18 billion in 2023
Explore Vietnam's coffee export statistics for 2023. Vietnam's coffee exports had a total value of $4.18 billion in 2023, with an increase of 3.1% from the previous year.
Vietnam Coffee Export Statistics for 2023
Vietnam is one of the largest coffee producers and exporters in the world, known for its high-quality Robusta beans. The country's coffee industry plays a significant role in its economy, contributing to job creation and foreign exchange earnings. The HS code for coffee is 0901. Vietnam is the second-largest coffee exporter and producer in the world after Brazil, with most of its coffee output consisting of Robusta beans. Vietnam exported $4.18 billion worth of coffee in 2023 with a production volume of 1.61 million tons of coffee, a 9.6% decrease in volume but a 3.1% increase in value from the previous year. Coffee exports from Vietnam have a total market share of 20% of global coffee production in 2023. Vietnam's coffee exports were valued at $2,604 per ton on average in 2023—a 14.1% rise from the year before. In this article, we will delve into the Vietnam coffee export statistics for 2023 and analyze what the future holds for this booming coffee industry.
Who are the top 10 export partners for Vietnam’s coffee exports in 2023?
Germany imports the most coffee from Vietnam worth $522.81 million, making it the biggest export partner for Vietnam’s coffee exports in 2023. The top 10 export partners of Vietnam’s coffee exports in 2023 include:
- Germany: $522.81 million
- Italy: $373.24 million
- USA: $365.71 million
- Spain: $340.68 million
- Japan: $259.59 million
- Belgium: $149.57 million
- United Kingdom: $112.19 million
- Netherlands: $106.67 million
- France: $95.65 million
- South Korea: $93.3 million
What are the major varieties of Vietnam’s coffee exports in 2023?
Vietnam’s Coffee is an extremely popular and loved beverage by adults around the world. There are major coffee varieties exported by Vietnam. Arabica, Robusta, Liberica, Peaberry, and Weasel Coffee are some of the famous coffee types in Vietnam in 2023. Vietnam’s major coffee export varieties in 2023 include:
- Coffee (excl. roasted and decaffeinated): $2.82 billion
- Decaffeinated coffee: $93.73 million
- Roasted coffee: $31.73 million
- Roasted and decaffeinated coffee: $3.12 million
- Coffee husks and skins; coffee substitutes containing coffee in any proportion: $685K
Who are the top 10 Coffee exporting companies in Vietnam in 2023?
Vietnam’s top 10 coffee exporting companies in 2023 include:
- Intimex Group JSC: 148.53 thousand tons
- Vinh Hiep Co. LTD: 120.51 thousand tons
- Simexco Daklak: 102.58 thousand tons
- Intimex My Phuoc JSC: 91.82 thousand tons
- Louis Dreyfus Vietnam: 90.39 thousand tons
- NKG Vietnam Co. LTD: 75.69 thousand tons
- Phuc Sinh Corporation: 65.49 thousand tons
- Tuan Loc Commodities: 62.08 thousand tons
- Highlands Coffee: 58.53 thousand tons
- Olam group: 57.43 thousand tons
Statistical Comparison of Vietnam’s coffee exports between 2022 and 2023
|
Vietnam’s coffee export partners |
Export value in 2022 |
Export Value in 2023 |
|
Germany |
$459.40 million |
$522.81 million |
|
Italy |
$292.38 million |
$373.24 million |
|
USA |
$272.16 million |
$365.71 million |
|
Spain |
$202.11 million |
$340.68 million |
|
Japan |
$216.68 million |
$259.59 million |
|
Belgium |
$256.81 million |
$149.57 million |
|
United Kingdom |
$90.64 million |
$112.19 million |
|
Netherlands |
$65.42 million |
$106.67 million |
|
France |
$51.81 million |
$95.65 million |
|
South Korea |
$74.58 million |
$93.3 million |
|
Total exports globally |
$2.95 billion |
$4.18 billion |
How to Find Potential Coffee Suppliers in Vietnam at the best prices?
TradeImeX is a platform that lets you find Vietnamese coffee suppliers at affordable prices online. When trying to find coffee suppliers in Vietnam at the best rates, TradeImeX can be a useful aid. By using the platform, you could browse through many options for coffee suppliers and providers, evaluate expenses, and investigate their quality. Their user-friendly interface allows for smooth navigation, making it convenient for businesses to perceive the most suitable coffee suppliers that meet their desires. With TradeImeX, you could streamline your supplier search technique and stabilize the best deals for your coffee commercial enterprise in Vietnam with self-assurance. Contact us for more detailed information.
Conclusion
Vietnam's coffee industry is an essential element of the nation’s economy, with a robust presence in the worldwide market. Initiatives including the Vietnam Sustainable Coffee Platform intend to assist farmers in adopting environmentally pleasant practices and ensure the traceability of coffee beans. We now realize that Germany is the biggest export market for Vietnam's coffee exports. In conclusion, the Vietnam coffee export statistics for 2023 demonstrate the industry's persevered increase and ability for the future. By addressing challenges and embracing possibilities, Vietnam can hold its position as a leading coffee exporter and contribute to the sustainable development of the industry.
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