Vietnam exported 3.5 billion USD worth of coffee in 2018 and this number is expected to be even higher by the end of 2019 going into 2020. Trade Map is free to use and provides trade statistics and market access information for export development. A Verified VN Gold Supplier on Alibaba.com. Below we lay out the key regulations that companies should be aware of before starting their trading activities in Vietnam. Euromonitor International is the leading provider of strategic market research reports. This statistic is not included in your account. The designations employed and the presentation of material in this information product do not imply the Vietnam is the world’s largest exporter of coffee, after Brazil. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In, USDA Foreign Agricultural Service. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook 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. The total export volume dropped 5 percent to about 13.8 million bags in the first half of MY18/19, compared to Vietnam is the second largest coffee producing nation in the world – 1,650,000 metric tons in 2016 alone. African coffees are renowned for their lively acidity and fruity flavors. 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. Vietnam is currently the world number one producer and exporter of Robusta coffee (which is widely used to make instant coffee), second only to Brazil in term of volume. In 1997, Vietnam was in the top four of the largest coffee exporting countries, along with Brazil, Colombia and Mexico; amazingly, after 15 years, Viet Nam has been ranked number one in the world. New, Everything you need to know about the industry development, Find studies from all around the internet. 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. Please create an employee account to be able to mark statistics as favorites. Vietnam found a niche in the international … The trend has made Vietnam, the world’s top robusta maker, Japan's top supplier of coffee beans and relegated Brazil to second place. Relatedness measures the distance between a country's current exports and … Please authenticate by going to "My account" → "Administration". Total Starbucks locations globally 2003-2019, Market share of leading carbonated beverage companies worldwide, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. Think of coffee and you will probably think of Brazil, Colombia, or maybe Ethiopia. Vietnam is expected to produce 32.2 million 60-kilogram bags of coffee in 2019–2020, according to the USDA. The most recent exports are led by Broadcasting Equipment ($42.8B), Telephones ($23.1B), Integrated Circuits ($16B), Textile Footwear ($11.4B), and Broadcasting Accessories ($8.81B). According to the latest report of the International Coffee Organization (ICO), Vietnam has just overcome Brazil to become the largest coffee exporter in the world. China is Vietnam’s top export partner, importing $49.1 billion in goods and services from Vietnam in 2017 and accounting for 19% of all Vietnamese exports. facts. Brazil: US$4.6 billion (15.1% of total coffee exports) Colombia: $2.6 billion (8.7%) Switzerland: $2.5 billion (8.3%) Vietnam: $2.41 billion (8%) Germany: $2.37 billion (7.9%) Italy: $1.7 billion (5.8%) France: $1.2 billion (4.1%) Honduras: $1.1 billion (3.5%) Indonesia: $879.4 million (2.9%) Belgium: $846.9 million (2.8%) Ethiopia: $836.6 million (2.8%) In the first four months of this year, Vietnam was also the largest coffee exporter in this market with an output of 11,000 tonnes, but the price only reached 1,800 USD per tonne. Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). Exports in Vietnam decreased to 25.45 USD Billion in November from 27.26 USD Billion in October of 2020. According to OEC, coffee is the 121st most traded product in the world. 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. Traders in Vietnam said the country's faster export pace in the current season was due to stockpiling by international trading firms and roasters due to an anticipated smaller harvest this year in export rival Indonesia and falling shipments in recent months from Brazil. 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