Tuesday, April 16, 2024

Vietnamese Tea Exports to China and India Rise Sharply

Vietnam’s tea industry is heavily export oriented, with about 80 percent of its annual total output supplying foreign markets.

According to the latest report from the Ministry of Industry and Trade (MoIT), Vietnam’s tea exports to China and India increased by 87.7 percent and 457.5 percent in value from 1H 2020 to 1H 2021. At the same time, the volume of exports to China and India rose by 104.8 percent and 560.5 percent respectively during the same period.  

In the first half of 2021, Vietnam reportedly shipped a total of 58,000 tones of tea valued at US$95 million, with an increase of up 0.1 percent in volume and 5 percent in value, in comparison to the corresponding period in 2020.

The spike in numbers in tea exports from Vietnam is said to be contributed by the disruption caused by the pandemic, as well as prolonged drought that has badly affected the India, which is a global tea exporter.

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