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Tea exports gradually prospered when markets reopened

21/07/2020

Vietnam’s success in the control of the pandemic from early stages and the gradual reopening of European countries and several states in the U.S. from late April and early May 2020 have helped Vietnam's tea export activities in June 2020 to markets with more positive developments than previous months.

The latest agriculture, forestry and fishery market report issued on July 10 by the Ministry of Industry and Trade said that according to estimates, in June 2020, tea export reached 12,000 tons, worth USD 19 million, up 26, 4% in volume and up 21% in value compared to May 2020; increased by 6% in volume and 0.8% in value compared to June 2019.

The average export price of tea in June 2020 is estimated at USD 1,583.3/ton, down 6.7% compared to the same period in 2019.

Accumulated from the beginning of the year to the end of June, 2020, tea export is estimated at 58,000 tons, worth USD 90 million, an increase of 0.8% in volume and a decrease of 8.2% in value over the same period in 2019.

The average export price of tea in the first six months of 2020 is estimated at USD 1,551.3/ton, down 9% compared to the first six months of 2019.

However, according to the Ministry of Industry and Trade of Vietnam, Vietnam’s success in the control of the pandemic from early stages and the gradual reopening of European countries and several states in the U.S. from late April and early May 2020 have helped improve Vietnam's production and import-export activities.

Therefore, Vietnam's tea exports in June 2020 to markets have been more positive than May 2020.

In the structure of categories of exported tea in the first five months of 2020, black tea is the main export item.

Despite complicated movements of the COVID-19, black tea exports still increased sharply, reaching 25.2 thousand tons, worth USD 33.7 million, an increase of 10.8% in volume and 7.4% in value compared to the same period in 2019.

Black tea is mainly exported to several markets in the first five months of 2020, such as Russia reaching 5,900 tons, worth nearly USD 9 million, up 33% in volume and 30.5% in value compared to the same period in 2019.

Followed by the Indonesian market reaching 3,100 tons, valued at USD 2.8 million, an increase of over 38% in volume and an increase of 28.3% in value; Taiwan market reached 2,100 tons, worth USD 2.3 million, down 13.4% in volume and down more than 17% in value.

In addition, for a number of other types of tea such as green tea, tea marinated, Oolong tea, etc. the amount and export value of these types of tea have sharply decreased in the first five months of 2020.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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