According to statistics from the General Department of Customs, in July, Vietnam exported 15,334 tons of tea, worth 27.4 million USD. This result was up 9.7% in volume and 2.1% in value compared to the previous month, up 46.4% in volume and 50% in value compared to July 2023.
In the first 7 months of 2024, tea exports reached 77,280 tons, worth 133.4 million USD, up 31.6% in volume and 33.5% in value over the same period in 2023. The average export price of tea was 1,726 USD/ton, up 1.5%.
Pakistan continued to be Vietnam’s largest tea export market in the first 7 months of the year, reaching 22.3 thousand tons, worth 47 million USD, down 3.2% in volume but up 6.3% in value over the same period in 2023. The average export price reached 2,100 USD/ton, up nearly 10%. After falling sharply since the beginning of the year, this market is gradually recovering. The main type of tea exported to Pakistan was black tea. This was also the main export product of Vietnam, accounting for about 80% of the total export output.
Tea exports have increased by more than 500%.
The second-largest export market was Taiwan (China), reaching 8,131 tons, equivalent to nearly 14 million USD, priced at 1,712 USD/ton. The figure was up 2.4% in volume, 6.3% in value, and 3.7% in price over the same period.
Notably, China was Vietnam’s third-largest export market with 7,826 tons, equivalent to US $11.3 million, up 236% in volume and 107% in value. The average export price of tea to this market only reached 1,446 USD/ton, down 38.2% over the same period last year. In July alone, the country imported 1,528 tons of tea from Vietnam, equivalent to more than 2 million USD, a sharp increase of 502% in volume and 385% in turnover over the same period.
Vietnam currently ranks 5th in the world in tea exports and 7th in global tea production. Vietnamese tea products have now been exported to 74 countries and territories.
According to the Ministry of Agriculture and Rural Development, Vietnam has 120,000 hectares of tea land.
According to the Vietnam Tea Association, in recent years, Vietnam’s tea productivity and production have continuously increased thanks to positive changes in varieties, cultivation techniques, and production organization.
In addition, many mechanisms and policies have been issued by all levels, from central to local, to develop tea production and consumption.
The global tea market is expected to reach 37.5 billion USD by 2025. The growth of the tea industry is increasing due to changing lifestyles and increasing consumer awareness of healthy drinking.This creates favorable conditions for Vietnam’s export enterprises.