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Vietnam’s tea exports decline by 24.39 percent in January

Vietnam’s tea exports fell by 24.39 percent month-on-month in January, totalling US$16.43 million, according to Vietnam’s General Department of Customs.

Pakistan remained the largest importer, accounting for 38.67 percent of total exports at US$6.35 million, a drop of 33.25 percent from December. Other markets included Russia (US$1.23 million, down 2.01 percent) and Taiwan (US$1.16 million, down 50.22 percent). China imported US$0.97 million, representing a decline of 30.23 percent, while Indonesia received US$0.71 million, down 11.81 percent.

Several smaller markets showed mixed results. For instance, Kazakhstan saw a growth of 36.43 percent, reaching US$0.20 million, while the USA experienced a significant decrease of 57.94 percent to US$0.50 million. Germany recorded an increase of 8.29 percent, totalling US$0.12 million.

Overall, despite some positive trends in minor markets, the decline across major importers such as Pakistan, Taiwan, and China largely contributed to January’s overall drop.

See also: Food and Beverage Industry in Vietnam

Vietnam’s tea exports, January, US$ millions

January December MoM YTD % of Total
Total 16.43 21.73 -24.39% 16.43 100.00%
Other 3.12 2.33 34.10% 3.12 19.00%
Pakistan 6.35 9.52 -33.25% 6.35 38.67%
Russia 1.23 1.25 -2.01% 1.23 7.48%
Taiwan 1.16 2.34 -50.22% 1.16 7.09%
China 0.97 1.39 -30.23% 0.97 5.91%
Indonesia 0.71 0.80 -11.81% 0.71 4.31%
Saudi Arabia 0.60 0.93 -35.60% 0.60 3.66%
USA 0.50 1.19 -57.94% 0.50 3.04%
Iraq 0.42 0.35 19.93% 0.42 2.54%
India 0.41 0.78 -46.76% 0.41 2.52%
Malaysia 0.37 0.36 1.75% 0.37 2.25%
Kazakhstan 0.20 0.15 36.43% 0.20 1.22%
Philippines 0.14 0.17 -15.52% 0.14 0.88%
Germany 0.12 0.11 8.29% 0.12 0.76%
Turkey 0.09 0.00 #DIV/0! 0.09 0.53%
Ukraine 0.02 0.05 -54.05% 0.02 0.14%

See also: How to Start an Export Business in Vietnam