According to data from the General Department of Customs, Vietnam's coffee exports in May 2022 reached 150,000 tons, bringing in USD 343 million; decreased by 4.7% in volume and 5.4% in turnover compared to April 2022. However, compared to May 2021, coffee exports increased by 15.2% in volume and 40.7% in value.

In the first five months of the year, Vietnam exported most types of coffee, exports increased compared to the same period in 2021, except for Excelsa coffee. In which, Vietnam increased exports of Robusta coffee to most traditional markets, including Germany, Belgium, Italy, Japan, Spain, and the U.S.

Data from the General Department of Vietnam Customs shows that Vietnam's coffee exports to the EU market in the first four months of this year increased by 51.7% in volume and 89% in value over the same period last year, reaching 304,022 tons with a value of USD 668 million. The EU is currently the largest coffee export market of Vietnam, accounting for more than 40% of exports.

If calculated according to the crop year 2021-2022 (starting from November 1 to the end of October next year) it has been 8 months so far, Vietnam's coffee exports are still ranked second in the world, after Brazil. It is worth mentioning that while coffee exports from Brazil and Colombia both decreased, Vietnam's coffee exports increased sharply.

Vietnam is still the world's second largest coffee exporter, with exports reaching 16.2 million bags from the beginning of the 2021-2022 crop year to the end of May 2022, a sharp increase of 19% compared to the previous crop year.

With coffee export turnover in the first 5 months of the year exceeding USD 2 billion, the Vietnam Coffee and Cocoa Association (Vicofa) believes that the coffee industry has the opportunity to surpass the record number of USD 3.7 billion in 2012, to hit the USD 4 billion mark for the first time this year.

However, Vietnam's coffee exports also face many challenges. In the country, coffee farmers are under pressure from high fertilizer and petrol costs, affecting profits.

Kylie Nguyen